Skip to main content

Restaurant

Popeyes w/ D-Thru | Houston | 20Yr Abs Net Ground Sale Leaseback | Densely Populated & Affluent Area

8945 Hwy 6 N, Houston, TX 77095

Listing Price: $4,000,000

Cap Rate
4.25%
Tenant Name
Popeyes
Years Remaining On Lease
20.2
Gross SF
2,994
Guarantor
Franchisee Guarantee
Rentable SF
2,994
Price/Gross SF
$1,336.01
Lease Type
Ground Lease
Rent Per Square Feet
$56.78

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 - Features Easy Access and Excellent Visibility near a Signalized Intersection w/ Daily Combined Traffic Counts Exceeding 71k Vehicles.
  • Along TX Highway 6, the main Arterial Road which runs South of Houston through the West Side and Back East.
  • Surrounded by over 2.6 million Square Feet of Warehouse, Industrial, and Distribution Space within a 3-Mile Radius. Companies include Wayfair, Floor & Decor and many others.
  • In Close Proximity to Numerous National Retailers Including Kroger, Walmart Supercenter, The Home Depot, Target, CVS, Walgreens, Sam's Club, Academy Sports and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $101k and over 322k People Residing within a 5-Mile Radius.
  • Less than a Mile from Aberdeen Business Park which is home to several Business Headquarters, Industrial, Distribution, and Flex-Space Facilities. Minutes from HCA Houston Healthcare North Cypress - a 163-Licensed Bed, General Acute Care Hospital. The Hospital has Grown and is now Part of the Largest Healthcare System in Houston, HCA Houston Healthcare.
  • Near Cypress Falls High School which has an enrollment of over 3,200 students, 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/ D-Thru | Houston | 20Yr Abs Net Ground Sale Leaseback | Densely Populated & Affluent Area

Listing Price: $4,000,000

Cap Rate
4.25%
Tenant Name
Popeyes
Years Remaining On Lease
20.2
Gross SF
2,994
Guarantor
Franchisee Guarantee
Rentable SF
2,994
Price/Gross SF
$1,336.01
Lease Type
Ground Lease
Rent Per Square Feet
$56.78

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 - Features Easy Access and Excellent Visibility near a Signalized Intersection w/ Daily Combined Traffic Counts Exceeding 71k Vehicles.
  • Along TX Highway 6, the main Arterial Road which runs South of Houston through the West Side and Back East.
  • Surrounded by over 2.6 million Square Feet of Warehouse, Industrial, and Distribution Space within a 3-Mile Radius. Companies include Wayfair, Floor & Decor and many others.
  • In Close Proximity to Numerous National Retailers Including Kroger, Walmart Supercenter, The Home Depot, Target, CVS, Walgreens, Sam's Club, Academy Sports and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $101k and over 322k People Residing within a 5-Mile Radius.
  • Less than a Mile from Aberdeen Business Park which is home to several Business Headquarters, Industrial, Distribution, and Flex-Space Facilities. Minutes from HCA Houston Healthcare North Cypress - a 163-Licensed Bed, General Acute Care Hospital. The Hospital has Grown and is now Part of the Largest Healthcare System in Houston, HCA Houston Healthcare.
  • Near Cypress Falls High School which has an enrollment of over 3,200 students, 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

MM Texture Background
MM Textured Background Lower