POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK
2,356 SF | Retail Building | Houston, TX 77036 | $2,400,000 ($1,019/SF) | 5.25% Cap Rate
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,400,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,356 SF
- Price / Square Foot
- $1,019
Listing Contacts
Alvin Mansour
Verified Profile
Christopher Talia
Verified Profile
- Property Info
Property Overview
Extremely Dense Houston Submarket: 501k People Residing w/in a 5-Mile Radius | High Traffic Counts | Strong Daytime Employment Area | Immediate Access to/from Sam Houston Tollway | Minutes from Major Medical Center and University
Property Details
- Class
- B
- Year Built
- 2007
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 28,314 SF
Highlights
- 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options.
- This Location Features a Drive-Thru. Positioned Along Area’s Major Traffic, Industrial & Retail Corridor - Easy Access & Excellent Visibility.
- Extremely Dense Houston Submarket w/ over 501k People Residing w/in a 5-Mile Radius. Strong Daytime Employment Area
- In Close Proximity to Numerous National Retailers Including Walmart Supercenter, H-E-B, Sun’s Wholesale Club, Viet Hoa International Foods, etc
- A Short Drive from Houston Christian University - a Private Baptist University that Offers more than 130 Degrees.
- The Site Benefits from its Close Proximity to Downtown Houston - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants.
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