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Popeyes | NNN (Fee-Simple) | Houston, TX 4946 Highway 6 N 2,175 SF Retail Building Houston, TX 77084 $2,032,344 CAD ($934.41 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Nearly 9-Years Remaining on Absolute NNN Lease With Zero Landlord Responsibilities
- Nearby Signalized Hard Corner With Nearly 50K VPD at Highway 6 and Kieth Harrow Blvd
- Franchisee Operates 120+ Popeyes Units and Was Named 2024 & 2025 Popeyes Franchisee of the Year
- 10% Rent Increases Every 5 Yrs Plus Percentage Rent | Percentage Rent Kicks In at 8% of Sales Over Breakpoint if Annual Sales Exceed Prior Year by 5%
- Located in Densely Populated Northwest Houston With 300K+ Residents and 100K+ Employees Nearby
- Part of Restaurant Brands International (NYSE: QSR) – $6.8B Revenue, 3,700+ Popeyes Locations Globally
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,175 SF
Year Built
1989
Price
$2,032,344 CAD
Price Per SF
$934.41 CAD
Cap Rate
6%
NOI
$121,941 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.21 AC
Zoning
N/A
Parking
29 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
60’ on Highway 96
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1164900000005 | Improvements Assessment | $557,782 CAD |
| Land Assessment | $126,133 CAD | Total Assessment | $683,915 CAD |
PROPERTY TAXES
Parcel Number
1164900000005
Land Assessment
$126,133 CAD
Improvements Assessment
$557,782 CAD
Total Assessment
$683,915 CAD
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Popeyes | NNN (Fee-Simple) | Houston, TX | 4946 Highway 6 N
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