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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
- Aug 2045
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Popeyes | Retailer | 2,571 SF | - | Triple Net | Aug 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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