Popeyes - Net Lease Property for Sale
Houston, TX
Key Investment Metrics
Price
$1,455,917
Cap Rate
6.0%
Net Operating Income
$87,355
Building Size
2175 SF
Lot Size
2,175 SF
Remaining Term
8.3 years
Lease Expiration
04/30/2034
Lease Term
10 years
Lease Commencement
04/22/2024
Lease Type
Absolute NNN
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
10%/5-Years + Percentage Rent
About This Popeyes Net Lease Property
This Popeyes NNN (triple net lease) property is located in Houston, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 2175 square feet of building space.
With a cap rate of 6.0%, this Popeyes net lease property offers stable income potential. The asking price is $1,455,917, making it an attractive option for 1031 exchange investors seeking quality Popeyes commercial properties.
Why Invest in Popeyes NNN Properties?
- Stable Income: Popeyes net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Popeyes is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Houston, TX Market Overview
Located in Houston, TX, this Popeyes property benefits from strong local demographics and market fundamentals. The Houston area offers excellent visibility and accessibility, making it an ideal location for Popeyes operations and a solid investment for net lease property buyers.