19151 W Lake Houston Pky
Humble, TX 77346
Popeyes Louisiana Kitchen · Retail Property For Sale

CBRE is offering to qualified investors the opportunity to purchase the fee simple interest in the commercial property located at 19151 West Lake Houston Parkway in Humble, Texas (the Property ). The free-standing facility is leased to a Houston-based management company operating high-performing Popeyes Louisiana Kitchen units in Texas. The Property features store sales well above the national average for Popeyes Louisiana Kitchen units; sales comparables available upon request. In addition, the Property features excellent real estate fundamentals a prime location in Humble, Texas just off of West Lake Houston Freeway and adjacent to a retail power center. Humble is an affluent, rapidly growing northern suburb of Houston. The Property is operating under a brand new, twenty (20) year absolute NNN lease with six (6), 5-year options to extend and rental increases of 7.5% every 5 years throughout the base term and option periods. Humble, Texas is an affluent Northern Houston suburb strategically located off of Highway 59 N, approximately five miles from George Bush Intercontinental Airport ("Bush IAH"). The city is situated in the Lake Houston Area of the Greater Houston metro, one of the nation' s fastest-growing metropolitan areas, just twenty miles north of Houston' s CBD on I-69. The region has attracted an educated workforce due to its low cost of living, diverse economic base, and strong job growth, and market growth continues to increase by more than twice the projected national average rate.