390 S Mason Rd - Fast Food FOR SALE


Katy, TX 77450
$1,936,000 USD
619-546-0121
390 S Mason Rd, Katy, TX for Sale
$1,936,000 USD
Fast Food - FOR SALE
1/7
null | 5% Cap Rate

390 S Mason Rd
Katy, TX 77450


HIGHLIGHTS

  • LONG TERM ABSOLUTE NNN GROUND LEASE
  • PAD AT SIGNALIZED INTERSECTION OFF INTERSTATE 10
  • HIGH TRAFFIC – 45,849 CPD
  • MAJOR RETAIL CORRIDOR SURROUNDED BY SEVERAL NATIONALS
  • DENSELY POPULATED – 295K PEOPLE IN 5-MILE RADIUS

OVERVIEW

ATTRACTIVE LONG TERM CORPORATE ABSOLUTE NNN GROUND LEASE • Over 10 years remaining on the absolute NNN lease providing any investor long term passive NNN income • Completely passive NNN investment – ZERO landlord responsibilities • Attractive 10% increases every 5 years in the Primary and Option Terms STRONG PUBLICLY TRADED TENANT – EL POLLO LOCO INC. • $455 million in Revenue (FY 2021) • $24.747 million (FY 2020) • Nearly 500 U.S. locations with over 5,000 employees LOW GROUND RENT PROVIDING TREMENDOUS SECURITY • El Pollo Loco is paying low, replaceable, ground rent providing additional security to any investor • Ground lease structure creates further security to any investor, inheriting the building and improvements upon the expiration of the ground lease COVID-19 AND ECOMMERCE RESISTANT BUSINESS • Fast food drive thru buildings were one of the few Essential Services that were allowed to remain open for business throughout the pandemic

FOR SALE DETAILS

PRICE

$1,936,000 USD

PRICE/SF

$629 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

El Pollo Loco Corp GL | Long Term Lease | TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ed Colson, CCIMInvestCore CommercialMore Info
619-546-0121

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Ed Colson, CCIMInvestCore CommercialMore Info
619-546-0121

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