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Restaurant

Popeye's | Brand New 20-Year SLB | NNN Ground Lease

6245 Barker Cypress Rd, Houston, TX 77084

Listing Price: $3,308,411

Cap Rate
5.35%
Tenant Name
Popeyes
Guarantor
Regional Franchisee
Rentable SF
2,881
Lease Type
NNN Ground Lease
Rent Per Square Feet
$61.44

Investment Overview

This opportunity is located in Houston, TX and features a brand new 20-Year Triple Net (NNN) Ground Lease with Zero Landlord responsibilities. Attractive Rental Increases, 10% Every 5 Years, Including Option Periods and Six (6) Tenant Renewal Periods of Five (5) Years Each Bring the Potential Lease Term to Fifty (50) Years.

Investment Highlights

  • Brand New 20-Year Triple Net (NNN) Ground Lease with Zero Landlord Responsibilities
  • Excellent Guaranty | Operated by One of the Largest Popeyes Franchisee in the System
  • Attractive Rental Increases | 10% Every 5 Years, Including Option Periods
  • Situated along Barker Cypress Road, Ensuring High Visibility and Easy Access | Over 50,000 Cars Per Day
  • Located in Houston, the Largest City in Texas

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

Popeye's | Brand New 20-Year SLB | NNN Ground Lease

Listing Price: $3,308,411

Cap Rate
5.35%
Tenant Name
Popeyes
Guarantor
Regional Franchisee
Rentable SF
2,881
Lease Type
NNN Ground Lease
Rent Per Square Feet
$61.44

Investment Highlights

  • Brand New 20-Year Triple Net (NNN) Ground Lease with Zero Landlord Responsibilities
  • Excellent Guaranty | Operated by One of the Largest Popeyes Franchisee in the System
  • Attractive Rental Increases | 10% Every 5 Years, Including Option Periods
  • Situated along Barker Cypress Road, Ensuring High Visibility and Easy Access | Over 50,000 Cars Per Day
  • Located in Houston, the Largest City in Texas

Investment Overview

This opportunity is located in Houston, TX and features a brand new 20-Year Triple Net (NNN) Ground Lease with Zero Landlord responsibilities. Attractive Rental Increases, 10% Every 5 Years, Including Option Periods and Six (6) Tenant Renewal Periods of Five (5) Years Each Bring the Potential Lease Term to Fifty (50) Years.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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