Baytown huge building 25,000 sqft of leaseable space is occupied by one tenant on lower level, and has another 12,500 sqft on top level for space. On corner on one of the busiest streets in Baytown, perfect for c-store. Super Cheap!
Details: Popeye’s location for sale the fee simple interest (land & building) in a freestanding, single-tenant, NNN leased Popeyes (the “Property”) located within the North Houston Business District in Houston, Texas. The Property is operated by the nation’s largest Popeyes franchisee, HZ Southeast Props, LP, who is a multi-brand operator based out of Houston, TX with more than 270 Popeyes restaurants in 7 states, 26 other La Madeleine French Bakery & Cafe concepts, and having an annual revenue in excess of $500 million and ambitions to reach more than 1,000 units in the next five years. The lease features rare annual rent increases (2.36% – 3.00%) throughout the Primary Term and each Option Period remaining, 3 (5-year), generating steady NOI growth and hedging against inflation.