20180 Eva St - Fast Food FOR SALE


Montgomery, TX 77356
$2,850,000 USD
310-909-2374
20180 Eva St, Montgomery, TX for Sale
$2,850,000 USD
Fast Food - FOR SALE
1/6
null | 5.26% Cap Rate

20180 Eva St
Montgomery, TX 77356


HIGHLIGHTS

  • Brand New 20-Year NNN Lease to Commence at Close of Escrow
  • Attractive Rental Increases | 2% Annually, Including Option Periods
  • Located on Highway 105 W (20,750 Vehicles per Day) – the Main Thoroughfare of Montgomery – in the Kroger and Home Depot Anchored Center
  • Situated in a Retail Area With Other Local Tenants Such As Walmart Supercenter, Panda Express, Starbucks, CVS, Chick-fil-A, MOD Pizza, AutoZone and Mo
  • With Over 19,000 Locations in More Than 100 Countries, Burger King Is One of the Largest Fast-Food Chains in the World, Only Behind McDonald’s in Size
  • The Tenant, Kolhorst Foods, LLC, Operates Twelve (12) Burger King Locations in the Surrounding Region

OVERVIEW

Located along Highway 105 W, the primary artery through Montgomery with a traffic count of 20,750 vehicles per day, this property is part of a Kroger and Home Depot-anchored shopping center. It features additional popular tenants, including Dutch Bros. Coffee, Simmons Bank, BlueWave Express Car Wash, Discount Tire, and Popeyes. The surrounding retail hub includes major national brands such as Walmart Supercenter, Starbucks, Chick-fil-A, CVS, MOD Pizza, and AutoZone. Just half a mile from Lake Conroe, a local tourist hotspot, and KOA Holiday, a traveler’s retreat, the property benefits from its proximity to these vibrant attractions. Located in the Houston metro area—the largest in Texas and fifth-largest in the U.S.—Montgomery is experiencing rapid growth, with a nearly 10% annual population increase within a one-mile radius and an average household income of $178,771. This property offers a new 20-year NNN lease set to commence upon escrow closing, providing a hands-off investment opportunity with no landlord responsibilities. The lease includes attractive annual rental increases of 2%, extending into option periods, with four five-year renewal options, potentially bringing the total lease term to 40 years. The tenant, Kolhorst Foods, LLC, operates 12 Burger King locations in the region. Burger King, a global leader in the fast-food industry with over 19,000 locations in more than 100 countries, is renowned for its flame-grilled burgers and signature Whopper sandwich, making this a reliable and established investment opportunity.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$710 USD /SF

CAP RATE

5.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King | New 20YR NNN Lease | 5.26% Cap

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

-

APN/PARCEL ID

3014-00-00100

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
310-909-2374

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Tyler BindiMarcus & MillichapMore Info
310-909-2374

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.