POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK 6370 Farm to Market 2920

6370 Farm to Market 2920 , Spring, Texas, 77379 | 2,813 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 & Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 24k Vehicles. Just South of The Woodlands: The Most Prosperous Suburb of Houston and the Region?s Largest Employment Center. This Location Features a Drive-Thru. Densely Populated and Affluent Area: Features an Average Household Income of more than $128k and over 227k People Residing within a 5-Mile Radius. Pad Site to Kroger and near Numerous National Retailers Including Walmart Supercenter, The Home Depot, ALDI, Target, Academy Sports, Lowe?s, etc

Executive Summary

Densely Populated & Affluent Area: $128k+ Avg HHI | Pad to Kroger | Immediate Area Experiencing Major Growth | Located near The Woodlands

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    2,813
  • Year Built    2017
  • Price    2,971,429
  • Price Per SF    1,056
  • Cap Rate    5.25
  • NOI    156,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.08
  • Land Acres    0.84 AC

Nearby Amenities & Transportation

Retail Prosperity Bank
Retail Spring Creek Barbeque
Retail Kroger
Retail Starbucks
Retail Woodforest National Bank
Retail Chili's
Retail Bank of America
Retail Chase Bank
Retail PNC Bank
Retail Denny's

Property Taxes

Parcel Number 1235750010013 Improvements Assessment $662,166
Land Assessment $809,942 Total Assessment $1,472,108
Date Created: 2024-07-16 04:23:45 Last Updated: 2024-07-16 04:23:45
Address: 6370 Farm to Market 2920 , Spring, Texas, 77379