POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK | 3136 Cypress Creek Pky
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POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK 3136 Cypress Creek Pky
3,000 SF Retail Building Houston, TX 77068 $2,971,429 ($990/SF) 5.25% Cap Rate
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 Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,000 SF
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
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Popeyes
- Retailer
- 3,000 SF
- -
- Triple Net
- Sep 2044
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Popeyes | Retailer | 3,000 SF | - | Triple Net | Sep 2044 |
PROPERTY TAXES
| Parcel Number | 1178820010067 | Improvements Assessment | $1,004,661 |
| Land Assessment | $468,950 | Total Assessment | $1,473,611 |
PROPERTY TAXES
Parcel Number
1178820010067
Land Assessment
$468,950
Improvements Assessment
$1,004,661
Total Assessment
$1,473,611
-
Power Broker Alvin Mansour -
Christopher Talia -
The Mansour Group of Marcus & Millichap
1 of 7
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POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK | 3136 Cypress Creek Pky
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