Restaurant
Popeyes | 20-Year SLB | 100-Unit Operator
24350 Kuykendahl Rd, Tomball, TX 77375
Listing Price: $2,400,000
Tenant Name
Popeyes
Gross SF
2,407
Guarantor
Local or Regional Franchisee
Rentable SF
2,407
Price/Gross SF
$997.09
Lease Type
NNN Ground Lease
Rent Per Square Feet
$52.35
Investment Overview
The opportunity features a Popeye's tenanted building located in the Houston Metro Area with +35,000 VPD. Brand new 20-year NNN ground lease with attractive rental increases and 6 5-year options.
Investment Highlights
- Brand New 20-Year Triple Net (NNN) Ground Lease with Zero Landlord Responsibilities
- Attractive Rental Increases | 10% Every 5 Years, Including Option Periods with Six (6) Tenant Renewal Periods of Five (5) Years Each Bring the Potential Lease Term to Fifty (50) Years.
- Situated along Kuykendahl Road, Ensuring High Visibility and Easy Access | Over 35,000 Cars Per Day at the Kuykendahl Road and W Rayford Road Intersection
- Part of the Houston Metro Area, the Largest City in Texas
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $2,400,000
Tenant Name
Popeyes
Gross SF
2,407
Guarantor
Local or Regional Franchisee
Rentable SF
2,407
Price/Gross SF
$997.09
Lease Type
NNN Ground Lease
Rent Per Square Feet
$52.35
Investment Highlights
- Brand New 20-Year Triple Net (NNN) Ground Lease with Zero Landlord Responsibilities
- Attractive Rental Increases | 10% Every 5 Years, Including Option Periods with Six (6) Tenant Renewal Periods of Five (5) Years Each Bring the Potential Lease Term to Fifty (50) Years.
- Situated along Kuykendahl Road, Ensuring High Visibility and Easy Access | Over 35,000 Cars Per Day at the Kuykendahl Road and W Rayford Road Intersection
- Part of the Houston Metro Area, the Largest City in Texas
Investment Overview
The opportunity features a Popeye's tenanted building located in the Houston Metro Area with +35,000 VPD. Brand new 20-year NNN ground lease with attractive rental increases and 6 5-year options.
Exclusively Listed By
Broker of Record
Financing By
![MM Texture Background](https://www.marcusmillichap.com/-/media/Images/MM/MM%20Hero%20Images/mm-news-research-hero-background.jpg?h=1030&iar=0&w=2880&rev=1569e23dd24a4ecea0b588f7ee537310&hash=B6D3CA35A0504F883C2C5068EE8436C0)
![MM Textured Background Lower](https://www.marcusmillichap.com/-/media/Images/MM/MM%20Hero%20Images/mm-property-footer-background%20jpg.jpg?h=1030&iar=0&w=2880&rev=f3ed593e923445f38df9f1c32d8d190f&hash=323A48081850EDAAE5E1F61061CADFD9)