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1509 W Fairmont Pky
La Porte, TX 77571 Southeast Houston

$1,837,826 USD

Fast Food For Sale  •  2,123 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,123 SF
  • Lot Size 0.71 AC
  • Building Class B
  • Year Built 1992
  • Cap Rate 5.75 %
  • Tenancy Single
0 Transit Score
50 Walk Score

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
±2,123 SF Popeyes With Drive-Thru on ±0.71 Acres | Strong Visibility Along Fairmont Pkwy
Dense Retail Corridor Near Port of Houston With Surrounding Tenants Including Kroger, Wingstop, Jersey Mike’s, and Hampton Inn
Franchisee Operates 120+ Popeyes Units and Was Named 2024 & 2025 Popeyes Franchisee of the Year
Part of Restaurant Brands International (NYSE: QSR) – $6.8B Revenue, 3,700+ Popeyes Locations Globally

Property Flyers

Cap Rate: 5.75 %

Amenities

  • 24 Hour Access

Public Transportation

AirportDriveWalkDistance
William P Hobby 32 min - 16.7 mi
George Bush Intcntl/Houston 47 min - 37.5 mi
Tyler Bindi 408-510-9057 Marcus & Millichap
Tyler Bindi 408-510-9057 Marcus & Millichap