19706 Morris ave - Fast Food FOR SALE


Manvel, TX 77578
$2,533,333 USD
858-822-9811
19706 Morris ave, Manvel, TX for Sale
$2,533,333 USD
Fast Food - FOR SALE
1/11
null | 3.75% Cap Rate

19706 Morris ave
Manvel, TX 77578


HIGHLIGHTS

  • Absolute NNN Ground Lease with Corporate Guaranty
  • Brand New 2025 Construction with Double Drive-Thru
  • 20-Year Lease with Eight 5 Year Renewal Options and 10% Increases Every 5 Years
  • +$125,400 Avg HHI in 1 Mile Radius
  • Projected 3.1% Annual Population Growth 2024-2029
  • Hard Corner Signalized Intersection Location with 180-Degree Frontage

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,533,333 USD

PRICE/SF

$687 USD /SF

CAP RATE

3.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McDonald's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

-

APN/PARCEL ID

6582-2001-001

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.