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Restaurant

Popeyes w/ Dr-Thru | Houston | 20 Year Absolute Net Ground Sale Leaseback | Brand New Construction

11820 Jones Rd, Houston, TX 77070

Listing Price: $3,371,429

Cap Rate
5.25%
Tenant Name
Popeyes
Gross SF
2,822
Guarantor
Franchisee Guarantee
Rentable SF
2,822
Price/Gross SF
$1,194.69
Lease Type
NNN Ground Lease
Rent Per Square Feet
$62.72

Investment Overview

Houston is the most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat and largest city of Harris County; as well as the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after Dallas–Fort Worth. With a population of 2,302,878 in 2022, Houston is the fourth-most populous city in the United States after New York City, Los Angeles, and Chicago, and the seventh-most populous city in North America. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Nicknamed the “Bayou City”, “Space City”, “H-Town”, and “the 713”, Houston has become a global city, with strengths in culture, medicine, and research. The city’s population comprises various ethnic and religious backgrounds, as well as a large and growing international community. Houston is the most diverse metropolitan area in Texas and has been described as the most racially and ethnically diverse major city in the U.S. It is home to many cultural institutions and exhibits, such as the Houston Museum District and the Houston Theater District.

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. This Location Features a Drive-Thru. Brand New 2023 Construction.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 36k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $101k and over 263k People Residing within a 5-Mile Radius.
  • Near Numerous National Retailers Including Kroger, Walgreens, Hobby Lobby, Hibbett Sports, Big Lots, Ollie's Bargain Outlet, King Dollar and many more.
  • Walking Distance from Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Minutes from Cypress Fairbanks Medical Center Hospital - a 181-Bed Full Service Hospital offering a wide array of Health Services and Specialties to the Northwest Houston Community.
  • A Short Drive from Kindred Hospital Houston Northwest - a 96-Bed Hospital Treating Chronically, Critically Ill Patients with Specialized Care who require an Extended Stay in a Hospital Setting.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Medical and Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

Popeyes w/ Dr-Thru | Houston | 20 Year Absolute Net Ground Sale Leaseback | Brand New Construction

Listing Price: $3,371,429

Cap Rate
5.25%
Tenant Name
Popeyes
Gross SF
2,822
Guarantor
Franchisee Guarantee
Rentable SF
2,822
Price/Gross SF
$1,194.69
Lease Type
NNN Ground Lease
Rent Per Square Feet
$62.72

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. This Location Features a Drive-Thru. Brand New 2023 Construction.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 36k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $101k and over 263k People Residing within a 5-Mile Radius.
  • Near Numerous National Retailers Including Kroger, Walgreens, Hobby Lobby, Hibbett Sports, Big Lots, Ollie's Bargain Outlet, King Dollar and many more.
  • Walking Distance from Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Minutes from Cypress Fairbanks Medical Center Hospital - a 181-Bed Full Service Hospital offering a wide array of Health Services and Specialties to the Northwest Houston Community.
  • A Short Drive from Kindred Hospital Houston Northwest - a 96-Bed Hospital Treating Chronically, Critically Ill Patients with Specialized Care who require an Extended Stay in a Hospital Setting.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Medical and Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.

Investment Overview

Houston is the most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat and largest city of Harris County; as well as the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after Dallas–Fort Worth. With a population of 2,302,878 in 2022, Houston is the fourth-most populous city in the United States after New York City, Los Angeles, and Chicago, and the seventh-most populous city in North America. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Nicknamed the “Bayou City”, “Space City”, “H-Town”, and “the 713”, Houston has become a global city, with strengths in culture, medicine, and research. The city’s population comprises various ethnic and religious backgrounds, as well as a large and growing international community. Houston is the most diverse metropolitan area in Texas and has been described as the most racially and ethnically diverse major city in the U.S. It is home to many cultural institutions and exhibits, such as the Houston Museum District and the Houston Theater District.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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