2904 61st St | Galveston, TX 77551
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2904 61st St
Galveston, TX 77551
Popeyes | NNN (Fee-Simple) | Houston, TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Nearly 9-Years Remaining on Absolute NNN Lease With Zero Landlord Responsibilities
- Percentage Rent Kicks In at 8% of Sales Over Breakpoint if Annual Sales Exceed Prior Year by 5%+
- Franchisee Operates 120+ Popeyes Units and Was Named 2024 & 2025 Popeyes Franchisee of the Year
- 10% Rent Increases Every 5 Years Plus Percentage Rent
- Located in the Heart of Galveston’s Tourism Corridor With 8.9M Annual Visitors
- Part of Restaurant Brands International (NYSE: QSR) – $6.8B Revenue, 3,700+ Popeyes Locations Globally
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,370 SF
Building Class
C
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.47 AC
Zoning
F1 - Commercial
PROPERTY TAXES
| Parcel Number | 3647-0000-0002-000 | Improvements Assessment | $704,410 |
| Land Assessment | $553,150 | Total Assessment | $1,257,560 |
PROPERTY TAXES
Parcel Number
3647-0000-0002-000
Land Assessment
$553,150
Improvements Assessment
$704,410
Total Assessment
$1,257,560
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