Popeyes | Absolute NNN | Along US Highway 290 with… — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Houston, TX 77065

Photos

Popeyes | Absolute NNN | Along US Highway 290 with… — Sale in Houston, TX, photo 1 of 3
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Investment Figures

Cap rate
5.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes located at 18550 NW Freeway (U.S. 290) in Houston, Texas. The property is subject to a 10-year absolute NNN lease that commenced in April 2024, with zero landlord responsibilities, 10% rent increases every five years (in addition to percentage rent), and two (2) five-year renewal options. This ±2,165-square-foot restaurant with drive-thru is located on ±0.57 acres at the signalized intersection of U.S. Highway 290 and W Little York Road, with visibility to ±153,790 vehicles per day. The property sits in a dense retail corridor shadow anchored by high-performing Sam’s Club and nearby dozens of national retailers and car dealerships, and serves a 5-mile trade area with over 270,000 residents and 200,000+ employees. The tenant is CSM Group, a top-tier Popeyes operator with 120+ locations across Texas, Missouri, and Kansas. The franchisee has been awarded Popeyes Franchisee of the Year for two consecutive years and is actively expanding through remodels and new-builds as part of the brand’s “Easy to Love” revitalization initiative. Priced at $2,028,311 with $104,458 in current base rent and upside potential through a unique percentage rent clause separate from and in addition to the 10%/5-Year rent increases, this asset offers a passive, high-credit investment with income upside tied to performance. Investment Highlights: • Nearly 9-Years Remaining on Absolute NNN Lease With Zero Landlord Responsibilities • 10% Rent Increases Every 5 Years Plus Percentage Rent | Percentage Rent Kicks In at 8% of Sales Over Breakpoint if Annual Sales Exceed Prior Year by 5%+ • Located on U.S. 290 With ±153,790 Vehicles Per Day in Northwest Houston Retail Corridor • ±2,165 SF Popeyes With Drive-Thru on ±0.57 Acres Shadow Anchored by High-Performing Sam's Club • Franchisee Operates 120+ Popeyes Units and Was Named 2024 & 2025 Popeyes Franchisee of the Year • Part of Restaurant Brands International (

Market Context

This food service in Houston, TX is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Houston, TX — view the full market.

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