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Restaurant

Popeyes w/ Dr-Thru | Extremely Dense Houston Submarket | 20 Year Absolute Net Ground Sale Leaseback

10112 Bissonnet St, Houston, TX 77036

Listing Price: $2,400,000

Cap Rate
5.25%
Tenant Name
Popeyes
Gross SF
2,356
Guarantor
Franchisee Guarantee
Rentable SF
2,356
Price/Gross SF
$1,018.68
Lease Type
NNN Ground Lease
Rent Per Square Feet
$53.48

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.
  • Positioned Along Area's Major Traffic, Industrial & Retail Corridor - Features Easy Access & Excellent Visibility w/ Daily Traffic Counts Exceeding 45k Vehicles.
  • In Close Proximity to Numerous National Retailers Including Walmart Supercenter, H-E-B, Sun's Wholesale Club, Viet Hoa International Foods, Marshalls, Office Depot and many more.
  • Extremely Dense Houston Submarket w/ over 501k People Residing w/in a 5-Mile Radius. The Houston MSA Area is expected to add approx. 1.2M Residents from 2020 to 2030, which Represents a Growth Rate of about 17.2%.
  • A Short Drive from Houston Christian University - a Private Baptist University that Offers more than 130Degrees - The University currently has more than 4,255 Students Enrolled.
  • Minutes from Memorial Hermann Southwest Hospital - The 543-Bed Complex includes a Hospital Building and Centers for Cancer, Outpatient Imaging, Surgery, and Vascular Services.
  • 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.
  • The Site Benefits from its Close Proximity to Downtown Houston - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.

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 | Extremely Dense Houston Submarket | 20 Year Absolute Net Ground Sale Leaseback

Listing Price: $2,400,000

Cap Rate
5.25%
Tenant Name
Popeyes
Gross SF
2,356
Guarantor
Franchisee Guarantee
Rentable SF
2,356
Price/Gross SF
$1,018.68
Lease Type
NNN Ground Lease
Rent Per Square Feet
$53.48

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.
  • Positioned Along Area's Major Traffic, Industrial & Retail Corridor - Features Easy Access & Excellent Visibility w/ Daily Traffic Counts Exceeding 45k Vehicles.
  • In Close Proximity to Numerous National Retailers Including Walmart Supercenter, H-E-B, Sun's Wholesale Club, Viet Hoa International Foods, Marshalls, Office Depot and many more.
  • Extremely Dense Houston Submarket w/ over 501k People Residing w/in a 5-Mile Radius. The Houston MSA Area is expected to add approx. 1.2M Residents from 2020 to 2030, which Represents a Growth Rate of about 17.2%.
  • A Short Drive from Houston Christian University - a Private Baptist University that Offers more than 130Degrees - The University currently has more than 4,255 Students Enrolled.
  • Minutes from Memorial Hermann Southwest Hospital - The 543-Bed Complex includes a Hospital Building and Centers for Cancer, Outpatient Imaging, Surgery, and Vascular Services.
  • 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.
  • The Site Benefits from its Close Proximity to Downtown Houston - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.

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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