Listed by Marcus & Millichap - San Diego
$7,692,300
FOGO DE CHAO | BRAZILIAN STEAKHOUSE | LONG TERM NNN LEASE
Details
APN 1346160080002
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 8,573
Cap Rate 6.5%
NOI $500,000
Tenancy Single
Lease Type NNN
Lease Expiration 04/30/2040
Remaining Term 13.8
Rent Bumps Yes
Class A
Year Built 2017
Year Renovated 2025
Acreage 1.500
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
$1.1 Billion Bain Capital Backing | Texas’s Fastest-Growing Toll Corridor
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310693/fogo-de-chao-brazilian-steakhouse
Investment highlights
- Long Term NNN Lease (Minimal Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2025 High Quality Construction.
- Affluent Submarket with Strong Demographics and Double-Digit Population Growth - Features an Average Household Income of $133k within and More than 303k People Residing within a 5-Mile Radius.
- Backed by Bain Capital’s $1.1 Billion Acquisition - Fogo de Chão Operates 100+ Locations Globally. Founded in 1979, this World-Renowned Brazilian Churrascaria is Backed by Bain Capital.
- Exceptional Traffic Exposure - 221k+ Combined VPD at the I-10 / State Highway 99 Interchange where Interstate 10 Intersects SH-99, one of Houston’s Busiest Interchanges, a Massive Daily Audience of Commuters and Shoppers Passes this Site.
- Irreplaceable Location on SH-99 / Grand Parkway - Texas’s Fastest-Growing Toll Corridor Grand Parkway Serves as Houston’s Primary Suburban Loop, Connecting Katy, Sugar Land, The Woodlands, and Cypress with Unmatched Regional Visibility.
- Directly Adjacent to Costco Wholesale, One of America’s Highest-Traffic Retail Anchors - This 150k+ SF Warehouse Club Generates Millions of Annual Customer Trips, ensuring a Constant Flow of High-Spending Consumers Passing this Property Daily.
- Minutes from Katy Mills Mall, a Simon-Owned 1.3 Million SF Outlet Destination - This 175+ Store Simon-Owned Outlet Mall Draws an Estimated 10–12 Million Annual Shoppers, Concentrating Enormous Regional Traffic along the I-10 and Grand Parkway Corridor.
- Memorial Hermann, Houston Methodist & Texas Children’s Hospital Systems Generate Consistent Daytime Dining Demand from Thousands of Medical Professionals, Support Staff, and Patient Families Dining throughout the West Katy Trade Area. Near Cinco Ranch - a 8,092-Acre Nationally Ranked Master-Planned Community with 15,000+ Single-Family Homes delivers an Enormous, Established, and Affluent Residential Demand Base Located Just Minutes from the Subject Property.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$500,000.00
$41,666.67/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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