Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes located at 4946 Highway 6 North in Houston, Texas. The property is subject to a 10-year absolute NNN lease that commenced in April 2024, with zero landlord responsibilities, 10% rent increases every five years (in addition to percentage rent), and two (2) five-year renewal options. This ±2,175-square-foot restaurant is nearby the signalized intersection of Highway 6 and Kieth Harrow Blvd, with traffic counts nearly exceeding 50,000 VPD. The property benefits from strong visibility, a drive-thru, and proximity to major national retailers such as H-E-B, Walmart, Chase, and many more. Located in a dense, high-growth pocket of Northwest Houston, the surrounding trade area includes over 275,000 residents and more than 175,000 employees within a 5-mile radius. The tenant is CSM Group, a top-tier Popeyes operator with 120+ locations across Texas, Missouri, and Kansas. The franchisee has been awarded Popeyes Franchisee of the Year for two consecutive years and is actively expanding through remodels and new-builds as part of the brand’s “Easy to Love” revitalization initiative. Priced at $1,663,905 with $87,355 in current base rent and upside potential through a unique percentage rent clause separate from and in addition to the 10%/5-Year rent increases, this asset offers a passive, high-credit investment with income upside tied to performance.