1818 Fry Rd - Freestanding FOR SALE
Houston, TX 77084 |
$2,965,000 USD
949-667-1077
1818 Fry Rd
Houston, TX 77084
HIGHLIGHTS
- Original 20 Year Absolute NNN Ground Lease; Zero Landlord Responsibilities; All Expenses Paid Directly by Tenant
- 14.50+ Years Remaining of Primary Term; Rent Increases of 10% Every 5 Years and in Option Periods
- Dominant and Premier Retail Corridor in Katy, TX; Signalized Intersection; Traffic Counts Exceed 44,000 Per Day
- Corporate Guarantee; Largest Latin Chicken Restaurant Concept in the World; 350+ Locations Worldwide, 75+ Unit in United States
- Established and Growing Pollo Campero Concept; Average Unit Volume Exceeding $3M Per Year
- Close Proximity to I-10 on/off Ramp; Over 200k+ Vehicles Per Day; Dense Infill; Population Exceeding 275k within 5-Mile Radius
FOR SALE DETAILS
PRICE
$2,965,000 USD
PRICE/SF
$1,186 USD /SF
CAP RATE
5.56%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
STNL Pollo Campero Abs. Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.69 AC
LAND SF
30,056 SF
ZONING
-
APN/PARCEL ID
1153930000032
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949-667-1077
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949-667-1077
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