POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK | 8002 S Texas 6
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POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK 8002 S Texas 6
2,642 SF Retail Building Houston, TX 77083 £2,339,466 (£885/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.
- Positioned Along Area’s Major Traffic & Retail Corridor - Easy Access and Excellent Visibility w/ Daily Traffic Counts Exceeding 50k Vehicles.
- Near Numerous National Retailers Including Kroger, H-E-B, The Home Depot, Fiesta Mart, Petco, Walgreens, CVS Pharmacy and many more.
- This Location Features a Drive-Thru.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $80k and over 373k People Residing within a 5-Mile Radius.
- Walking Distance from Taylor High School and Kerr High School, providing for an Increased Potential Customer Base.
Executive Summary
Densely Populated & Affluent Area | High Traffic Counts | Near Numerous National Retailers | Walking Distance from High Schools
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,642 SF
Year Built
1994
Price
£2,339,466
Price Per SF
£885
Net Initial Yield
5.25%
NOI
£122,822
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.75 AC
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 1180970010001 | Improvements Assessment | £296,726 |
Land Assessment | £206,523 | Total Assessment | £503,249 |
PROPERTY TAXES
Parcel Number
1180970010001
Land Assessment
£206,523
Improvements Assessment
£296,726
Total Assessment
£503,249
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POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK | 8002 S Texas 6
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