Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes located at 1509 Fairmont Parkway in La Porte, Texas. This ±2,123-square-foot building sits on ±0.71 acres and is subject to a new 10-year absolute NNN lease that commenced in April 2024. The lease includes zero landlord responsibilities, 10% rent increases every five years, and two (2) five-year renewal options. A percentage rent provision allows for 8% of gross sales above a natural breakpoint, triggered only if annual sales exceed the prior year by more than 5%. The property is situated along Fairmont Parkway, one of the primary east-west retail corridors in La Porte and Pasadena, with excellent visibility and traffic exposure. The surrounding area includes national retailers such as Kroger, Wingstop, Jersey Mike’s, Anytime Fitness, and Hampton Inn & Suites, and benefits from proximity to the Port of Houston and major employment centers. The location also serves a dense daytime population supported by schools, industrial parks, and residential communities. The tenant is CSM Group, one of the largest and most respected Popeyes franchisees, operating 120+ locations across Texas, Kansas, and Missouri. CSM was named Popeyes Franchisee of the Year in both 2024 and 2025. This site is scheduled to undergo a full remodel to Popeyes’ new prototype by the end of 2026. Priced at $1,938,073 with a 5.45% cap rate and $105,625 in annual base rent, this offering presents a strong, passive QSR investment in one of the nation’s fastest-growing MSAs.