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Burger King | New 20YR NNN Lease | 5.26% Cap 20180 Eva St

4,012 SF Retail Building Montgomery, TX 77356 $4,039,647 CAD ($1,007 CAD/SF) 5.26% Cap Rate

Investment Highlights

  • Brand New 20-Year NNN Lease to Commence at Close of Escrow
  • Located on Highway 105 W (20,750 Vehicles per Day) – the Main Thoroughfare of Montgomery – in the Kroger and Home Depot Anchored Center
  • With Over 19,000 Locations in More Than 100 Countries, Burger King Is One of the Largest Fast-Food Chains in the World, Only Behind McDonald’s in Size
  • Attractive Rental Increases | 2% Annually, Including Option Periods
  • Situated in a Retail Area With Other Local Tenants Such As Walmart Supercenter, Panda Express, Starbucks, CVS, Chick-fil-A, MOD Pizza, AutoZone and Mo
  • The Tenant, Kolhorst Foods, LLC, Operates Twelve (12) Burger King Locations in the Surrounding Region

Executive Summary

Located along Highway 105 W, the primary artery through Montgomery with a traffic count of 20,750 vehicles per day, this property is part of a Kroger and Home Depot-anchored shopping center. It features additional popular tenants, including Dutch Bros. Coffee, Simmons Bank, BlueWave Express Car Wash, Discount Tire, and Popeyes. The surrounding retail hub includes major national brands such as Walmart Supercenter, Starbucks, Chick-fil-A, CVS, MOD Pizza, and AutoZone. Just half a mile from Lake Conroe, a local tourist hotspot, and KOA Holiday, a traveler’s retreat, the property benefits from its proximity to these vibrant attractions. Located in the Houston metro area—the largest in Texas and fifth-largest in the U.S.—Montgomery is experiencing rapid growth, with a nearly 10% annual population increase within a one-mile radius and an average household income of $178,771.
This property offers a new 20-year NNN lease set to commence upon escrow closing, providing a hands-off investment opportunity with no landlord responsibilities. The lease includes attractive annual rental increases of 2%, extending into option periods, with four five-year renewal options, potentially bringing the total lease term to 40 years. The tenant, Kolhorst Foods, LLC, operates 12 Burger King locations in the region. Burger King, a global leader in the fast-food industry with over 19,000 locations in more than 100 countries, is renowned for its flame-grilled burgers and signature Whopper sandwich, making this a reliable and established investment opportunity.

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,012 SF
Building Class
C
Year Built
2017
Price
$4,039,647 CAD
Price Per SF
$1,007 CAD
Cap Rate
5.26%
NOI
$212,613 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
1.01 AC
Parking
18 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
324 ft on TX-105

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • Net
  • -

Every day, guests visit Burger King restaurants around the world. And they do so because Burger King restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined the brand for years.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services - - Net -

Nearby Major Retailers

Kroger
HOTWORX
Starbucks
Mod Pizza
Anytime Fitness
Melting Pot
Woodforest National Bank
Brookshire Brothers
Amegy Bank
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3014-00-00100
Land Assessment
$737,478 CAD
Improvements Assessment
$1,567,358 CAD
Total Assessment
$2,304,836 CAD
  • Listing ID: 33936868

  • Date on Market: 2024-11-20

  • Last Updated:

  • Address: 20180 Eva St, Montgomery, TX 77356

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