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McDonald's 19706 Morris ave 3,686 SF Retail Building Manvel, TX 77578 $2,533,333 ($687.29/SF) 3.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Ground Lease with Corporate Guaranty
- 20-Year Lease with Eight 5 Year Renewal Options and 10% Increases Every 5 Years
- Projected 3.1% Annual Population Growth 2024-2029
- Brand New 2025 Construction with Double Drive-Thru
- +$125,400 Avg HHI in 1 Mile Radius
- Hard Corner Signalized Intersection Location with 180-Degree Frontage
EXECUTIVE SUMMARY
This 2025 brand new construction McDonald’s offers a Corporate Guaranteed Absolute NNN Ground Lease with 20-year initial term and eight 5-year options. The tenant plans to open end of 2025. The site is strategically placed at a hard corner signalized intersection, offering premier 180-degree frontage on Hwy 6/Manvel Ave (28,002 VPD) and McCoy Rd, at the entrance of the 3,000 Acre Meridiana Master Planned Community.
The subject property is in an affluent trade area with 3.1% annual population growth projected 2024-2029 and less than 30-minute drive time from Houston Zoo, University of Houston, and William P Hobby Houston International Airport. Offering easy access to Highway 288 (81,750 VPD), the property is located directly across from Manvel Junior High and Manvel High School (+3,600 students combined).
Manvel is thriving with new developments. The subject property is in the epicenter of at least 7 master planned communities totaling over 5,000 Acres.
Watch Property Video: https://vimeo.com/1129846481
The subject property is in an affluent trade area with 3.1% annual population growth projected 2024-2029 and less than 30-minute drive time from Houston Zoo, University of Houston, and William P Hobby Houston International Airport. Offering easy access to Highway 288 (81,750 VPD), the property is located directly across from Manvel Junior High and Manvel High School (+3,600 students combined).
Manvel is thriving with new developments. The subject property is in the epicenter of at least 7 master planned communities totaling over 5,000 Acres.
Watch Property Video: https://vimeo.com/1129846481
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,686 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$2,533,333
Price Per SF
$687.29
Cap Rate
3.75%
NOI
$95,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.21 AC
Parking
32 Spaces (8.68 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Restaurant
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- McDonald's
- Accommodation and Food Services
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| McDonald's | Accommodation and Food Services | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6582-2001-001 | Improvements Assessment | $2,151,420 |
| Land Assessment | $784,590 | Total Assessment | $2,936,010 |
PROPERTY TAXES
Parcel Number
6582-2001-001
Land Assessment
$784,590
Improvements Assessment
$2,151,420
Total Assessment
$2,936,010
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McDonald's | 19706 Morris ave
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