About This Restaurant
Investment Highlights
Brand New 20-Year Triple Net (NNN) Ground Lease with Zero Landlord Responsibilities Attractive Rental Increases | 10% Every 5 Years, Including Option Periods Located in Houston, the Largest City in Texas Excellent Guaranty | Operated by One of the Largest Popeyes Franchisee in the System Situated along Barker Cypress Road, Ensuring High Visibility and Easy Access | Over 50,000 Cars Per Day Attractive Rental Increases | 10% Every 5 Years, Including Option Periods
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
- Building Size 2,881
- Building Class B
- Year Built 1999
- Price 3,308,411
- Price Per SF 1,148
- Cap Rate 5.35
- NOI 177,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.46 AC
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 1200450010001 | Improvements Assessment | $381,552 |
| Land Assessment | $929,430 | Total Assessment | $1,310,982 |
| Date Created: | 2024-07-16 04:23:45 | Last Updated: | 2024-07-16 04:23:45 |
| Address: | 6245 Barker Cypress Rd , Houston, Texas, 77084 | ||