POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK | 10112 Bissonnet St
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POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK 10112 Bissonnet St
2,356 SF Retail Building Houston, TX 77036 £1,877,880 (£797/SF) 5.25% Net Initial Yield
Investment Highlights
- 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options.
- Extremely Dense Houston Submarket w/ over 501k People Residing w/in a 5-Mile Radius. Strong Daytime Employment Area
- A Short Drive from Houston Christian University - a Private Baptist University that Offers more than 130 Degrees.
- This Location Features a Drive-Thru. Positioned Along Area’s Major Traffic, Industrial & Retail Corridor - Easy Access & Excellent Visibility.
- In Close Proximity to Numerous National Retailers Including Walmart Supercenter, H-E-B, Sun’s Wholesale Club, Viet Hoa International Foods, etc
- The Site Benefits from its Close Proximity to Downtown Houston - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants.
Executive Summary
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 Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,356 SF
Building Class
B
Year Built
2007
Price
£1,877,880
Price Per SF
£797
Net Initial Yield
5.25%
NOI
£98,589
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
0.65 AC
Parking
15 Spaces (6.37 Spaces per 1,000 SF Leased)
Frontage
471 ft on Bissonnet St
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1279820010001 | Improvements Assessment | £411,864 |
| Land Assessment | £220,933 | Total Assessment | £632,796 |
PROPERTY TAXES
Parcel Number
1279820010001
Land Assessment
£220,933
Improvements Assessment
£411,864
Total Assessment
£632,796
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POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK | 10112 Bissonnet St
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