10112 Bissonnet StHouston, TX 77036

For Sale
$2,400,000

Houston QSR, 20-Year NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 2,356 square foot Popeyes restaurant in Houston, Texas, situated on a 0.65-acre lot. Built in 2007, this Class A property boasts a 20-year absolute NNN ground lease with a franchisee tenant, ensuring consistent cash flow. The lease includes a 10% rent increase every five years, providing built-in growth potential. The property generates a strong net operating income (NOI) of $126,000, resulting in a 5.25% cap rate. Located at 10112 Bissonnet St, Houston, TX 77036, this strategically positioned property benefits from high visibility and exceptional access, exceeding 45,000 vehicles daily. The property is near major retailers, including Walmart, H-E-B, and numerous others, and is within close proximity to Houston Christian University and Memorial Hermann Southwest Hospital, ensuring a substantial customer base. The area's strong daytime employment and proximity to Downtown Houston further enhance the investment's appeal. The asking price is $2,400,000, representing a price per square foot of $1,018.68. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a thriving Houston submarket.

Highlights

  • 20-year absolute NNN ground lease with 7.5% rent increases every five years; drive-thru available.
  • High-traffic location with over 45,000 vehicles daily; excellent visibility and access to Sam Houston Tollway (174,000 VPD).
  • Dense Houston submarket with over 501,000 residents within a 5-mile radius; strong population growth projected.
  • Proximity to major retailers including Walmart, H-E-B, and other national chains.
  • Short drive from Houston Christian University (4,255+ students).
  • Minutes from Memorial Hermann Southwest Hospital (543-bed facility).

Property Details for 10112 Bissonnet St

Property type
Other retail properties, Individual retail properties
Square Feet
2,356 SF
Class
A
Year Built
2007
Lot Size (sq. ft)
28,314 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.6751825
Longitude
-95.557003
10112 Bissonnet St, Houston, Texas

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10112 Bissonnet St
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