Project Pollo Houston, TX

6705 Fondren Road
Houston, TX

Price: $1,610,000
Cap Rate: 5.75%
NOI: $92,565
Building Size: Approx. 2,550 Sq. Ft.
Lot Size: Approx. 0.48 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built / Renovated: 1972 / 2021

Investment Overview

  • 2021 Renovation. 2,550+/- SF Building on 0.48+/- Acre Site
  • Brand New 10 Yr Absolute NNN Lease w/ 3.5% Annual Rent Increases in Primary Term
  • Project Pollo is a Brand New Plant-Based Chicken Fast-Casual Dining Chain w/ Vegan Menu
  • Ideally Situated in Densely Populated High Traffic Corridor Along Southwest Freeway (171K VPD)
  • Near Burlington, Rainbow, Family Dollar, CVS, Walgreens, Foot Locker, Planet Fitness
  • Strong Income Demos w/ an est. $99,283 within a 5-Mile Radius
  • Houston  |  5th Largest MSA in the USA  |  Population: 2.33 Million+