POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK | 10112 Bissonnet St
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POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK 10112 Bissonnet St
2,356 SF Retail Building Houston, TX 77036 $3,446,136 CAD ($1,462.71 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options.
- Extremely Dense Houston Submarket w/ over 501k People Residing w/in a 5-Mile Radius. Strong Daytime Employment Area
- A Short Drive from Houston Christian University - a Private Baptist University that Offers more than 130 Degrees.
- This Location Features a Drive-Thru. Positioned Along Area’s Major Traffic, Industrial & Retail Corridor - Easy Access & Excellent Visibility.
- In Close Proximity to Numerous National Retailers Including Walmart Supercenter, H-E-B, Sun’s Wholesale Club, Viet Hoa International Foods, etc
- The Site Benefits from its Close Proximity to Downtown Houston - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants.
EXECUTIVE SUMMARY
Extremely Dense Houston Submarket: 501k People Residing w/in a 5-Mile Radius | High Traffic Counts | Strong Daytime Employment Area | Immediate Access to/from Sam Houston Tollway | Minutes from Major Medical Center and University
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,356 SF
Building Class
B
Year Built
2007
Price
$3,446,136 CAD
Price Per SF
$1,462.71 CAD
Cap Rate
5.25%
NOI
$180,922 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.65 AC
Parking
15 Spaces (6.37 Spaces per 1,000 SF Leased)
Frontage
471’ on Bissonnet St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Popeyes
- Retailer
- 2,356 SF
- -
- Net
- Sep 2044
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Popeyes | Retailer | 2,356 SF | - | Net | Sep 2044 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1279820010001 | Improvements Assessment | $759,667 CAD |
| Land Assessment | $407,502 CAD | Total Assessment | $1,167,169 CAD |
PROPERTY TAXES
Parcel Number
1279820010001
Land Assessment
$407,502 CAD
Improvements Assessment
$759,667 CAD
Total Assessment
$1,167,169 CAD
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POPEYES w/ D-THRU | 20YR NNN GROUND LEASEBACK | 10112 Bissonnet St
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