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9534 Fry Rd
Cypress, TX 77433
Bojangles Ground Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 15-year absolute NNN ground lease to Bojangles (NASDAQ: BOJA
- Operating approximately 800 restaurants across 17 states, with a mix of company-operated and franchised locations.
- For 2024 and into 2025, the company is accelerating momentum, aiming to open 50–70 new restaurants per year and scale to 1,400 locations nationwide.
- 10% rent escalations every five years in the initial term and option periods
- Bojangles is one of the fastest-growing quick-service chicken chains in the country, with many more locations in development.
EXECUTIVE SUMMARY
This Bojangles is located near the signalized hard corner of Fry Road and Tuckerton Road, which experiences a high-traffic count of 41,894 vehicles per day.
The property is within walking distance of Cypress’s master-planned communities such as Bridgeland, Cypress Lakes, Blackhorse Ranch, Towne Lake, and Miramesa.
Prime location minutes from Lone Star College - CyFair Campus, Bridgeland High School, and Cypress Ranch High School, establishing a built-in customer base of more than 25,000 students.
The population within a one-mile radius of the site has increased more than tenfold since the 2010 U.S. Census and by 94% since the 2020 U.S. Census, illustrating the area’s rapid growth.
Located in an extremely affluent region with an average annual household income of $217,868 within a one-mile radius (projected to increase by 12% over the next five years).
The population count within a five-mile radius of the site is 239,451 (a 20% increase since the 2020 U.S. Census).
Cypress is located less than 25 miles northwest of Downtown Houston, the most populous city in Texas with a current metro area population of more than 7 million.
The property is within walking distance of Cypress’s master-planned communities such as Bridgeland, Cypress Lakes, Blackhorse Ranch, Towne Lake, and Miramesa.
Prime location minutes from Lone Star College - CyFair Campus, Bridgeland High School, and Cypress Ranch High School, establishing a built-in customer base of more than 25,000 students.
The population within a one-mile radius of the site has increased more than tenfold since the 2010 U.S. Census and by 94% since the 2020 U.S. Census, illustrating the area’s rapid growth.
Located in an extremely affluent region with an average annual household income of $217,868 within a one-mile radius (projected to increase by 12% over the next five years).
The population count within a five-mile radius of the site is 239,451 (a 20% increase since the 2020 U.S. Census).
Cypress is located less than 25 miles northwest of Downtown Houston, the most populous city in Texas with a current metro area population of more than 7 million.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,138 SF
Building Class
B
Year Built
2025
Price
$3,030,082 CAD
Price Per SF
$965.61 CAD
Cap Rate
5%
NOI
$151,504 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
13.50 AC
Parking
37 Spaces (11.79 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 1346510010004 | Improvements Assessment | $13,272,199 CAD |
| Land Assessment | $10,976,812 CAD | Total Assessment | $24,249,011 CAD |
PROPERTY TAXES
Parcel Number
1346510010004
Land Assessment
$10,976,812 CAD
Improvements Assessment
$13,272,199 CAD
Total Assessment
$24,249,011 CAD
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