loader
Join Free
Views: 51 DOM: 78 Updated: 06.20.24 Posted: 04.25.24 Status: Active

Summary

Price $1,758,000
Built/Renov 2024
Tenant Popeyes (GL)
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,400
Lease Start 08-15-2024
#Units 270
Price/SF $732.50
Expiration 08-31-2044
Tenant Type Fast Food/QSR
NOI $83,500
R. Term 20.1
Ownership Ground Lease
Rent/SF $34.79
Increases 10.0%/5/yrs
Pop 5Mi 46,432
Lot/AC 0.96
Options 4/5yrs/10%
AHHI 5Mi $137,941

Lease Highlights

  • Brand new 2024 construction
  • Popeyes will be executing a brand new 20-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Z&H Foods, Inc. (270 units backed)

Location Description

Popeyes strategically located on TX-29, with access to 23,618 vehicles passing by daily. The property enjoys a prime retail position adjacent to Liberty Hill Middle School and Louine Noble Elementary School, as well as neighboring a recently developed Starbucks and a planned Popeye’s. The immediate area is surrounded by well-known national tenants, including Tractor Supply Company, Dollar...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Popeyes
  • Guarantor:Franchisee
  • Company:Z&H Foods, Inc.
  • # Units:270
  • Tenant S&P: BB
  • Stock: NYSE: QSR

About Tenant

Popeyes Louisiana Kitchen, Inc., also known as Popeyes, is an American multinational chain of fried chicken fast food restaurants founded in 1972 in New Orleans, LA. Popeyes distinguishes itself...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,199 20,470 62,000
2023 Total Population : 4,646 17,081 46,294
2023 Employed Civilian Pop : 2,303 8,681 23,664
2023 Total Businesses : 132 423 619
2023 Average Household Income : $ 115,589 $ 134,051 $ 137,998
2023 Total Consumer Spending : $ 159 M $ 634 M $ 1794 M
2023 Median Age : 36 37 38
2023 Total Households : 1,620 5,549 15,231
2023 Pop Age 25+: Bachelor's Degree : 1,067 3,682 10,283
2023 Average Home Value : $ 442,068 $ 464,081 $ 467,789
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Main Street Hwy 29 2019 3,421 0.56 mi
State Hwy 29 Loop 332 2005 14,000 0.58 mi
Ranch Road 1869 Vineyard Rd 2022 4,641 0.67 mi
Ranch Road 1869 Hwy 29 2022 6,857 0.80 mi
Bar P Ranch Rd Liberty Meadows Dr 2005 10 0.89 mi
Loop 332 Bell St 2000 1,800 0.93 mi
Co Rd 213 Hwy 29 2011 401 0.95 mi
Hwy 1869 Snyders Trl 2013 4,940 1.04 mi
County Road 279 2015 2,753 1.10 mi
Co Rd 279 Co Rd 278 2010 2,430 1.10 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity