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Popeyes | NNN (Fee-Simple) | Houston, TX 1509 W Fairmont Pky 2,123 SF Retail Building La Porte, TX 77571 $1,837,826 ($865.67/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Nearly 9-Years Remaining on Absolute NNN Lease With Zero Landlord Responsibilities
- ±2,123 SF Popeyes With Drive-Thru on ±0.71 Acres | Strong Visibility Along Fairmont Pkwy
- Franchisee Operates 120+ Popeyes Units and Was Named 2024 & 2025 Popeyes Franchisee of the Year
- 10% Rent Increases Every 5 Years Plus Percentage Rent | Percentage Rent Kicks In at 8% of Sales Over Breakpoint if Annual Sales Exceed Prior Year by 5
- Dense Retail Corridor Near Port of Houston With Surrounding Tenants Including Kroger, Wingstop, Jersey Mike’s, and Hampton Inn
- Part of Restaurant Brands International (NYSE: QSR) – $6.8B Revenue, 3,700+ Popeyes Locations Globally
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,123 SF
Building Class
B
Year Built
1992
Price
$1,837,826
Price Per SF
$865.67
Cap Rate
5.75%
NOI
$105,625
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.71 AC
AMENITIES
- 24 Hour Access
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0241800940004 | Improvements Assessment | $369,782 |
| Land Assessment | $369,720 | Total Assessment | $739,502 |
PROPERTY TAXES
Parcel Number
0241800940004
Land Assessment
$369,720
Improvements Assessment
$369,782
Total Assessment
$739,502
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Popeyes | NNN (Fee-Simple) | Houston, TX | 1509 W Fairmont Pky
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