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POPEYES W/ DR-THRU | 20 YR ABSOLUTE NET LEASE 14114 FM 2090 Rd 2,571 SF Retail Building Splendora, TX 77372 $2,900,000 ($1,127.97/SF) 5.34% Cap Rate
INVESTMENT HIGHLIGHTS
- 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2025 Construction.
- The Immediate Area is Experiencing Significant Commercial Growth, with several new Retailers and Restaurants Establishing a Presence.
- Located Just Off I-69 - Benefiting from strong Highway Visibility, easy Commuter Access, and growing Traffic Counts.
- Positioned Along Area’s Retail and Traffic Corridor. Features Easy Access & Excellent Visibility Along US-59 BUS.
- Tremendous Market Demographics with Rapid Growth - Affluent Area: Features an Average Household Income of more than $101k within a 3-Mile Radius.
- Investment Activity along the I-69 Corridor has Picked Up in Recent Years, with both National Franchises and Private Investors Targeting this Area.
EXECUTIVE SUMMARY
Popeyes w/ Drive Thru | 20 Year Absolute Net Lease | Brand New 2025 Construction | Affluent Area: $101k+ Avg. HHI | Immediate Area is Experiencing Significant Commercial Growth | Located Just Off Interstate-69 | Near Numerous Schools | Steady Population Growth
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,571 SF
Building Class
B
Year Built
2025
Price
$2,900,000
Price Per SF
$1,127.97
Cap Rate
5.34%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.57 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Popeyes
- Retailer
- 2,571 SF
- -
- Triple Net
- Sep 2045
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Popeyes | Retailer | 2,571 SF | - | Triple Net | Sep 2045 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0082-02-07100 | Improvements Assessment | $0 |
| Land Assessment | $898,836 | Total Assessment | $898,836 |
PROPERTY TAXES
Parcel Number
0082-02-07100
Land Assessment
$898,836
Improvements Assessment
$0
Total Assessment
$898,836
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POPEYES W/ DR-THRU | 20 YR ABSOLUTE NET LEASE | 14114 FM 2090 Rd
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