4015 Red Bluff Rd
Pasadena, TX 77503
Louisiana Fried Chicken · Retail Property For Sale

Freestanding Louisiana Fried Chicken quick-serve restaurant (QSR) with a new 10-year absolute net lease. The site is well positioned in the Pasadena market, a regional trade area in the Houston MSA, and the second largest city in Harris County boasting a population over 153,000 people. The density, demographic makeup, and high concentration of employment generators has long established Pasadena as a “proven” market for fast food/QSR users. Sale volumes for these users consistently exceed Houston average unit volumes (AUV) across multiple brands. The Franchisee is a multi-unit operator with 15 Louisiana Fried Chicken restaurants in the Houston MSA, and is actively expanding. The 10-year absolute net lease features four 5-year options, 10% rental increases every five years, and a percentage rent clause paying the Landlord an additional amount equivalent to 3.5% of sales over $2 Million. Neighboring retailers include Cinemark, Hobby Lobby, McDonald’s, Jack in the Box, Taco Bell, Taco Cabana, Whataburger, Pappas BBQ, and Amegy Bank. Pasadena is located less than 20 minutes from downtown Houston, the largest city in Texas and the fourth-largest city in the United States. The Houston MSA is the fifth-largest MSA in the United States. Houston is home to George Bush International Airport, one of the country’s busiest airports, and The Texas Medical Center, which is the largest medical complex in the world, serving more than 10 million patients per year.