Popeyes | GL Houston, TX

Houston, TX

Price: $2,105,000
Cap Rate: 4.75%
NOI: $100,000
Building Size: Approx. 2,400 Sq. Ft.
Lot Size: Approx. 0.77 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2019

Investment Overview

  • 2019 Construction 2,400+/- SF Building on 0.77+/- Acre Site
  • New 20-year absolute NNN lease projected to open December 2019
  • Located at the southeast quadrant of “Hwy. 59” (256,557 VPD) at its signalized intersection with Bellaire Blvd. (45,642) in southwest Houston, TX
  • Above average demographics | Within a 1-mile radius there are 29,000 people & 16,480 employees
  • Close proximity to multiple Apartment Complexes, Medical Centers, and Universities
  • Located 11-miles from downtown Houston, TX | Houston MSA 5th largest U.S. population