1509 W Fairmont Pky - Fast Food FOR SALE
La Porte, TX 77571 |
$1,837,826 USD
408-510-9057
1509 W Fairmont Pky
La Porte, TX 77571
HIGHLIGHTS
- Nearly 9-Years Remaining on Absolute NNN Lease With Zero Landlord Responsibilities
- 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
- ±2,123 SF Popeyes With Drive-Thru on ±0.71 Acres | Strong Visibility Along Fairmont Pkwy
- Dense Retail Corridor Near Port of Houston With Surrounding Tenants Including Kroger, Wingstop, Jersey Mike’s, and Hampton Inn
- Franchisee Operates 120+ Popeyes Units and Was Named 2024 & 2025 Popeyes Franchisee of the Year
- Part of Restaurant Brands International (NYSE: QSR) – $6.8B Revenue, 3,700+ Popeyes Locations Globally
FOR SALE DETAILS
PRICE
$1,837,826 USD
PRICE/SF
$866 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Popeyes | NNN (Fee-Simple) | Houston, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1992
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.71 AC
LAND SF
30,810 SF
ZONING
-
APN/PARCEL ID
0241800940004
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408-510-9057
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408-510-9057
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