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Burger King | New 20YR NNN Lease | 5.75% Cap 1605 E Washington Ave

4,012 SF Retail Building Navasota, TX 77868 £1,718,881 (£428/SF) 5.75% Net Initial Yield

Investment Highlights

  • Located Across From a Walmart and GMC Dealership, Just Off of the Heavily Trafficked N Highway 6 Loop, Which Sees Sees About 32,100 Vehicles per Day
  • Attractive Rental Increases | 2% Annually, Including Option Periods | 4, 5-year lesase options bringing the potential lease term to 40 years
  • Many Local Surrounding Retailers Such As Walmart, Several Dealerships, Subway, Squeaky Clean Xpress Wash, Days Inn, Popeyes, Sonic, Shell, Chevron
  • Brand New 20-Year NNN Lease to Commence at Close of Escrow
  • With Over 19,000 Locations in More Than 100 Countries, Burger King Is One of the Largest Fast-Food Chains in the World, Only Behind McDonald’s in Size

Executive Summary

This property consists of a prime location directly across from a Walmart and a GMC dealership, just off the busy N Highway 6 Loop, which sees approximately 32,100 vehicles daily. Positioned one block from St. Joseph Hospital, Navasota High School, John C. Webb Elementary School, and the Navasota Public Library, it offers excellent accessibility and visibility. The surrounding area features a mix of well-known national and local retailers, including Subway, Sonic, Popeyes, McDonald’s, Squeaky Clean Xpress Wash, Days Inn, and gas stations like Shell and Chevron. As part of the Houston metro area—Texas's largest city and an economic powerhouse—Navasota blends small-town appeal with the benefits of being near a thriving urban center known for its rich sports culture and diverse entertainment options.
This offering includes a newly established 20-year NNN lease that will begin upon the close of escrow, making it a fully passive, hands-off investment with no landlord responsibilities. With annual rent increases of 2% and four optional five-year lease extensions, the lease term can extend up to 40 years. The tenant, Kolhorst Foods, LLC, manages 12 Burger King locations in the region. Burger King, one of the world’s leading fast-food chains with over 19,000 locations across more than 100 countries, is famous for its flame-grilled burgers and iconic Whopper sandwich. Supported by Navasota’s recent population growth, new infrastructure, and community development, this property represents a reliable and attractive investment opportunity.

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Retail
Building Size
4,012 SF
Building Class
C
Year Built
2019
Price
£1,718,881
Price Per SF
£428
Net Initial Yield
5.75%
NOI
£98,836
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
0.96 AC
Opportunity Zone
Yes

Amenities

  • Corner Lot
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R25745
Land Assessment
£242,179
Improvements Assessment
£1,043,150
Total Assessment
£1,285,329
  • Listing ID: 33994364

  • Date on Market: 25/11/2024

  • Last Updated:

  • Address: 1605 E Washington Ave, Navasota, TX 77868

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