POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK 8002 S Texas 6 2,642 SF Retail Building Houston, TX 77083 $2,971,429 ($1,124.69/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 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 FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,642 SF
Year Built
1994
Price
$2,971,429
Price Per SF
$1,124.69
Cap Rate
5.25%
NOI
$156,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.75 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Popeyes
- Retailer
- 2,642 SF
- -
- Triple Net
- Sep 2044
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Popeyes | Retailer | 2,642 SF | - | Triple Net | Sep 2044 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1180970010001 | Improvements Assessment | $376,881 |
| Land Assessment | $262,312 | Total Assessment | $639,193 |
