Freestanding QSR with Absolute NNN
1509 W Fairmont Pkwy La Porte, TX 77571
1509 W Fairmont Pkwy, La Porte, TX, 77571
Contact for pricing
For Sale
Contact for pricing
Pending
Popeyes freestanding restaurant offered with a new 10-year absolute NNN lease that began in April 2024.
Days on Market90
Property Features for 1509 W Fairmont Pkwy
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed by
Jason Fefer · License #CA 02100489
Source
Crexi
Added: Apr 24 Updated: Jul 21 at 12:15AM Checked: Jul 21 at 8:55AM
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Investment Insights
Based on property information with market context.
A freestanding Popeyes restaurant building totaling approximately 2,123 square feet sits on about 10.71 acres. The property is subject to a new 10-year absolute NNN lease that commenced in April 2024, with zero landlord responsibilities. The lease includes 10% rent increases every five years and two five-year renewal options. A percentage rent provision applies at 8% of gross sales above a natural breakpoint, triggered only if annual sales exceed the prior year by more than 5%.
The site is located along Fairmont Parkway in La Porte, Texas, described as a primary east-west retail corridor with excellent visibility and traffic exposure. The surrounding area includes national retailers such as Kroger, Wingstop, Jersey Mike’s, Anytime Fitness, and Hampton Inn & Suites, with proximity to the Port of Houston and major employment centers.
The tenant is CSM Group, operating as one of the largest Popeyes franchisees. The property is scheduled to undergo a full remodel to Popeyes’ new prototype by the end of 2026.
The site is located along Fairmont Parkway in La Porte, Texas, described as a primary east-west retail corridor with excellent visibility and traffic exposure. The surrounding area includes national retailers such as Kroger, Wingstop, Jersey Mike’s, Anytime Fitness, and Hampton Inn & Suites, with proximity to the Port of Houston and major employment centers.
The tenant is CSM Group, operating as one of the largest Popeyes franchisees. The property is scheduled to undergo a full remodel to Popeyes’ new prototype by the end of 2026.
Key Highlights
- Freestanding Popeyes at 1509 Fairmont Parkway, La Porte, Texas
- ±2,123 SF building on ±0.71 acres along Fairmont Parkway
- New 10‑year absolute NNN lease commenced April 2024; zero landlord responsibilities
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Popeyes freestanding restaurant offered with a new 10-year absolute NNN lease that began in April 2024.
Where is this nnn property located?
The property is located at 1509 W Fairmont Pkwy La Porte, TX.
What are key features of this property?
This property features: Freestanding Popeyes at 1509 Fairmont Parkway, La Porte, Texas; ±2,123 SF building on ±0.71 acres along Fairmont Parkway; New 10‑year absolute NNN lease commenced April 2024; zero landlord responsibilities
