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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
Freestanding
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

Waffle House
La Michoacana Meat Market
Starbucks
Planet Fitness
Regions Bank
Bank of America
Kroger
Chase Bank
Dutch Bros
LA Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1180970010001
Land Assessment
£206,523
Improvements Assessment
£296,726
Total Assessment
£503,249
  • Listing ID: 31883005

  • Date on Market: 22/05/2024

  • Last Updated:

  • Address: 8002 S Texas 6, Houston, TX 77083

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