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Restaurant

Popeyes w/ Dr-Thru | 20 Year Absolute Net Lease | Houston MSA - Just Off I-69 | 2025 Construction

14114 FM 2090, Splendora (Houston MSA), TX 77372

Listing Price: $2,900,000

Cap Rate
5.35%
Tenant Name
Popeyes
Years Remaining On Lease
20.3
Gross SF
2,571
Guarantor
Franchisee Guarantee
Rentable SF
2,571
Price/Gross SF
$1,127.97
Lease Type
Absolute Net
Rent Per Square Feet
$60.29

Investment Overview

Located in fast-growing East Montgomery County, the Splendora area offers excellent regional access, and long-term growth potential. Positioned just off Interstate 69 (formerly Hwy 59), the surrounding community benefits from high traffic volumes and direct access to the broader Houston metro area, only 35 miles to the south. This corridor has become a magnet for retailers, logistics providers, and developers due to its affordability, connectivity, and expanding residential base.

Within a five-mile radius, the area is home to a diverse population that includes working families, commuters, and long-time residents. The median household income in Splendora is approximately $69,000, with the average household income exceeding $87,000 — indicating strong consumer spending potential. The median age is just under 30, contributing to a steady demand for fast casual and service-oriented retail.

Splendora Independent School District serves the area with growing enrollment, and new master-planned residential developments are underway nearby, including a 3,000-acre community expected to deliver over 7,000 new homes. The area is also supported by essential infrastructure, including major retailers, grocery stores, auto services, and healthcare providers.

The community is increasingly being recognized as a strategic investment corridor, benefiting from TxDOT infrastructure improvements and East Montgomery County’s pro-growth initiatives. Traffic counts along I-69 are substantial and rising, offering daily visibility and accessibility for any roadside-oriented business.

Outdoor amenities like Heritage Park, proximity to Lake Houston, and access to the Sam Houston National Forest provide recreational appeal, while the low cost of living and strong workforce base continue to draw new residents and businesses. With increasing rooftops, robust household income, and limited competition in some service categories, the area presents a compelling opportunity for long-term commercial success.

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2025 High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Retail and Traffic Corridor. Features Easy Access & Excellent Visibility Along US-59 BUS with Daily Traffic Counts Exceeding 14k Vehicles. Immediate Access to/from I-69.
  • Tremendous Market Demographics with Rapid Growth - Affluent Area: Features an Average Household Income of more than $101k within a 3-Mile Radius.
  • The Immediate Area is Experiencing Significant Commercial Growth, with several new Retailers and Restaurants Establishing a Presence, including Whataburger, KFC, and Upcoming Additions such as Wendy's, Taco Bell, and a National Coffee Chain.
  • Located Just Off I-69 - Benefiting from strong Highway Visibility, easy Commuter Access, and growing Traffic Counts that Continue to Support National Retailers and Fast-Casual Restaurant Demand Year after Year.
  • Investment Activity along the I-69 Corridor has Picked Up in Recent Years, with both National Franchises and Private Investors Targeting this Area for its Growth, Affordability, and Underserved Retail Pockets.
  • A 3,000-acre Master-Planned Residential Development nearby is expected to Deliver over 7,000 Homes, injecting New Long-term Demand for Restaurants, Services, and Community Retail in this Expanding Growth Corridor.
  • East Montgomery County Continues to see Steady Population Growth, driven by Affordable Housing, Highway Expansion, and its Strategic Location within Commuting Distance to Houston, Kingwood, and the Woodlands. Adjacent to Peachcreek Elementary School and Near Numerous Other Schools including Splendora High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Chris Talia

    Associate Director Investments

    (858) 373-3235

    Email Chris

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Restaurant

Popeyes w/ Dr-Thru | 20 Year Absolute Net Lease | Houston MSA - Just Off I-69 | 2025 Construction

Listing Price: $2,900,000

Cap Rate
5.35%
Tenant Name
Popeyes
Years Remaining On Lease
20.3
Gross SF
2,571
Guarantor
Franchisee Guarantee
Rentable SF
2,571
Price/Gross SF
$1,127.97
Lease Type
Absolute Net
Rent Per Square Feet
$60.29

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2025 High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Retail and Traffic Corridor. Features Easy Access & Excellent Visibility Along US-59 BUS with Daily Traffic Counts Exceeding 14k Vehicles. Immediate Access to/from I-69.
  • Tremendous Market Demographics with Rapid Growth - Affluent Area: Features an Average Household Income of more than $101k within a 3-Mile Radius.
  • The Immediate Area is Experiencing Significant Commercial Growth, with several new Retailers and Restaurants Establishing a Presence, including Whataburger, KFC, and Upcoming Additions such as Wendy's, Taco Bell, and a National Coffee Chain.
  • Located Just Off I-69 - Benefiting from strong Highway Visibility, easy Commuter Access, and growing Traffic Counts that Continue to Support National Retailers and Fast-Casual Restaurant Demand Year after Year.
  • Investment Activity along the I-69 Corridor has Picked Up in Recent Years, with both National Franchises and Private Investors Targeting this Area for its Growth, Affordability, and Underserved Retail Pockets.
  • A 3,000-acre Master-Planned Residential Development nearby is expected to Deliver over 7,000 Homes, injecting New Long-term Demand for Restaurants, Services, and Community Retail in this Expanding Growth Corridor.
  • East Montgomery County Continues to see Steady Population Growth, driven by Affordable Housing, Highway Expansion, and its Strategic Location within Commuting Distance to Houston, Kingwood, and the Woodlands. Adjacent to Peachcreek Elementary School and Near Numerous Other Schools including Splendora High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Located in fast-growing East Montgomery County, the Splendora area offers excellent regional access, and long-term growth potential. Positioned just off Interstate 69 (formerly Hwy 59), the surrounding community benefits from high traffic volumes and direct access to the broader Houston metro area, only 35 miles to the south. This corridor has become a magnet for retailers, logistics providers, and developers due to its affordability, connectivity, and expanding residential base. Within a five-mile radius, the area is home to a diverse population that includes working families, commuters, and long-time residents. The median household income in Splendora is approximately $69,000, with the average household income exceeding $87,000 — indicating strong consumer spending potential. The median age is just under 30, contributing to a steady demand for fast casual and service-oriented retail. Splendora Independent School District serves the area with growing enrollment, and new master-planned residential developments are underway nearby, including a 3,000-acre community expected to deliver over 7,000 new homes. The area is also supported by essential infrastructure, including major retailers, grocery stores, auto services, and healthcare providers. The community is increasingly being recognized as a strategic investment corridor, benefiting from TxDOT infrastructure improvements and East Montgomery County’s pro-growth initiatives. Traffic counts along I-69 are substantial and rising, offering daily visibility and accessibility for any roadside-oriented business. Outdoor amenities like Heritage Park, proximity to Lake Houston, and access to the Sam Houston National Forest provide recreational appeal, while the low cost of living and strong workforce base continue to draw new residents and businesses. With increasing rooftops, robust household income, and limited competition in some service categories, the area presents a compelling opportunity for long-term commercial success.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Chris Talia

    Associate Director Investments

    (858) 373-3235

    Email Chris

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

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