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Restaurant

Popeyes w/ Dr-Thru | Houston | 20Yr Abs Net Ground Sale Leaseback | New High Quality Construction

12703 Bammel North Houston Rd, Houston, TX 77066

Listing Price: $3,764,706

Cap Rate
4.25%
Tenant Name
Popeyes
Years Remaining On Lease
20.2
Gross SF
2,407
Guarantor
Franchisee Guarantee
Rentable SF
2,407
Price/Gross SF
$1,564.07
Lease Type
Ground Lease
Rent Per Square Feet
$66.47

Investment Overview

Houston is the most populous city in the U.S. state of Texas, fourth-most populous city in the United States, most populous city in the Southern United States, as well as the sixth-most populous in North America, with an estimated 2019 population of 2,320,268. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County and 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 the Dallas–Fort Worth metroplex, with a population of 7,066,141 in 2019. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Houston is the eighth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area, whose government is not consolidated with that of a county, parish, or borough. Though primarily in Harris County, small portions of the city extend into Fort Bend and Montgomery counties, bordering other principal communities of Greater Houston such as Sugar Land and The Woodlands.

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Signalized Hard Corner Location Featuring Easy Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 30k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $80k within a 1-Mile Radius and over 314k People Residing within a 5-Mile Radius.
  • The Champion Forest Retail Corridor is located Approx. 1 Mile North of the Site & one of the Area's Major Industrial Corridor is located less than a Mile West of the Site. Near Several Large Housing/Retail Developments Under Construction.
  • Across from Walgreens and near Numerous National other Retailers Including Kroger, Target, CVS Pharmacy, Hobby Lobby, Big Lots, Randalls and many more.
  • Walking Distance from Numerous Schools (7,900+ Students in Total), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s) TX: 0606255

    Texas

Restaurant

Popeyes w/ Dr-Thru | Houston | 20Yr Abs Net Ground Sale Leaseback | New High Quality Construction

Listing Price: $3,764,706

Cap Rate
4.25%
Tenant Name
Popeyes
Years Remaining On Lease
20.2
Gross SF
2,407
Guarantor
Franchisee Guarantee
Rentable SF
2,407
Price/Gross SF
$1,564.07
Lease Type
Ground Lease
Rent Per Square Feet
$66.47

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Signalized Hard Corner Location Featuring Easy Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 30k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $80k within a 1-Mile Radius and over 314k People Residing within a 5-Mile Radius.
  • The Champion Forest Retail Corridor is located Approx. 1 Mile North of the Site & one of the Area's Major Industrial Corridor is located less than a Mile West of the Site. Near Several Large Housing/Retail Developments Under Construction.
  • Across from Walgreens and near Numerous National other Retailers Including Kroger, Target, CVS Pharmacy, Hobby Lobby, Big Lots, Randalls and many more.
  • Walking Distance from Numerous Schools (7,900+ Students in Total), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Houston is the most populous city in the U.S. state of Texas, fourth-most populous city in the United States, most populous city in the Southern United States, as well as the sixth-most populous in North America, with an estimated 2019 population of 2,320,268. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County and 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 the Dallas–Fort Worth metroplex, with a population of 7,066,141 in 2019. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Houston is the eighth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area, whose government is not consolidated with that of a county, parish, or borough. Though primarily in Harris County, small portions of the city extend into Fort Bend and Montgomery counties, bordering other principal communities of Greater Houston such as Sugar Land and The Woodlands.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s): TX: 0606255

    Texas

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