Listed by Marcus & Millichap - San Diego
$2,818,182
POPEYES W/ DRIVE THRU | 20 YEAR ABSOLUTE NET LEASE
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,571
Units 1
Cap Rate 5.5%
NOI $155,000
Tenancy Single
Brand/Tenant Chick-fil-A, Popeyes
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/31/2045
Remaining Term 19.1
Rent Bumps Yes
Class A
Year Built 2025
Acreage 0.570
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/30/2025
Ground Lease No
Retail | 5.50% CAP | 2,571 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
Investment highlights
- 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2025 High Quality Construction w/ Drive-Thru.
- Positioned Along Area’s Retail and Traffic Corridor. Features Easy Access & Excellent Visibility Along US-59 BUS with Daily Traffic Counts Exceeding 14k Vehicles. Immediate Access to/from I-69.
- Tremendous Market Demographics with Rapid Growth - Affluent Area: Features an Average Household Income of more than $101k within a 3-Mile Radius.
- The Immediate Area is Experiencing Significant Commercial Growth, with several new Retailers and Restaurants Establishing a Presence, including Whataburger, KFC, and Upcoming Additions such as Wendy’s, Taco Bell, and a National Coffee Chain.
- Located Just Off I-69 - Benefiting from strong Highway Visibility, easy Commuter Access, and growing Traffic Counts that Continue to Support National Retailers and Fast-Casual Restaurant Demand Year after Year.
- Investment Activity along the I-69 Corridor has Picked Up in Recent Years, with both National Franchises and Private Investors Targeting this Area for its Growth, Affordability, and Underserved Retail Pockets.
- A 3,000-acre Master-Planned Residential Development nearby is expected to Deliver over 7,000 Homes, injecting New Long-term Demand for Restaurants, Services, and Community Retail in this Expanding Growth Corridor.
- East Montgomery County Continues to see Steady Population Growth, driven by Affordable Housing, Highway Expansion, and its Strategic Location within Commuting Distance to Houston, Kingwood, and the Woodlands. Adjacent to Peachcreek Elementary School and Near Numerous Other Schools including Splendora High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,000.00
$12,916.67/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Zoning
C CommercialGeneral CommercialCommercial
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View all 256 uses
View all 256 uses Last updated May 22, 2026 For deeper zoning details, reports are available at Zoneomics
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