POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK 8002 S Texas 6

8002 S 6 , Houston, Texas, 77083 | 2,642 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 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 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    2,642
  • Year Built    1994
  • Price    2,971,429
  • Price Per SF    1,125
  • Cap Rate    5.25
  • NOI    156,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.08
  • Land Acres    0.75 AC

Nearby Amenities & Transportation

Retail Waffle House
Retail La Michoacana Meat Market
Retail Starbucks
Retail Church's Chicken
Retail Planet Fitness
Retail Regions Bank
Retail Jack In The Box
Retail Bank of America
Retail Kroger
Retail Chase Bank

Property Taxes

Parcel Number 1180970010001 Improvements Assessment $262,312
Land Assessment $284,054 Total Assessment $546,366
Date Created: 2024-07-16 04:23:45 Last Updated: 2024-07-16 04:23:45
Address: 8002 S 6 , Houston, Texas, 77083