POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK 3136 Cypress Creek Pky

3136 Cypress Creek Pky , Houston, Texas, 77068 | 3,000 sq.f | $ 2,971,429

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About This Restaurant

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 with Daily Traffic Counts Exceeding 47k Vehicles. Adjacent to a CVS Pharmacy and Near Numerous other National Retailers Including The Home Depot, Walmart Supercenter, ALDI, Sun?s Wholesale, etc Recent 2021 Renovation to the New Prototype Look. This Location Features a Drive-Thru. Densely Populated and Affluent Area: Avg. Household Income of $87k+ w/in a 1-Mile Radius and over 321k People Residing w/in a 5-Mile Radius. The Walmart Supercenter down the Street is Ranked Top 3% in the Chain Nationwide as the Most-Visited Location (3.81M+ Annual Visitors).

Executive Summary

Densely Populated & Affluent Area | High Traffic Counts | Adjacent to CVS - Near Numerous National Retailers | In Close Proximity to Numerous Schools

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant General Retail Storefront Freestanding
  • Building Size    3,000
  • Year Built/Renovated    2013/2021
  • Price    2,971,429
  • Price Per SF    990
  • Cap Rate    5.25
  • NOI    156,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.06
  • Land Acres    1.23 AC

Nearby Amenities & Transportation

Retail Regions Bank
Retail Bank of Texas
Retail ALDI
Retail Dutch Bros
Retail Panda Express
Retail Bank of America
Retail PNC Bank
Retail Jack In The Box
Retail Prosperity Bank
Retail Chase

Property Taxes

Parcel Number 1178820010067 Improvements Assessment $468,950
Land Assessment $824,421 Total Assessment $1,293,371
Date Created: 2024-07-16 04:23:45 Last Updated: 2024-07-16 04:23:45
Address: 3136 Cypress Creek Pky , Houston, Texas, 77068