Freestanding Restaurant with NNN
For Sale
Contact for pricing
8702 North Navarro Street, Victoria, TX 77904
Fee simple interest in a Popeyes freestanding restaurant offered with a 20-year absolute NNN leaseback structure.
Property SizeContact for details
Days on Market122
Property Features for 8702 North Navarro Street
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Northmarq
(980) 895-3178
Listed By:
Amar Goli · License #01883944
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 4:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq
Investment Insights
Based on property information with market context.
CBRE is offering the fee simple interest in a freestanding restaurant property located at 8702 North Navarro Street in Victoria, Texas. The facility is currently leased to LB Northwest Management, LLC, operating as Popeyes Louisiana Kitchen, Inc. (Popeyes).
Upon close, the property is expected to operate under a new 20-year absolute NNN sale leaseback, with six (6) five-year extension options. Rental increases are structured at 7.5% every five years across the primary term and option periods. The offering is targeted to qualified investors, with an offering memorandum available upon request.
LB Northwest Management is described as a Houston-based management company that operates more than 20 Popeyes locations across the Midwest region.
Upon close, the property is expected to operate under a new 20-year absolute NNN sale leaseback, with six (6) five-year extension options. Rental increases are structured at 7.5% every five years across the primary term and option periods. The offering is targeted to qualified investors, with an offering memorandum available upon request.
LB Northwest Management is described as a Houston-based management company that operates more than 20 Popeyes locations across the Midwest region.
Key Highlights
- Fee simple interest in a freestanding Popeyes Louisiana Kitchen restaurant at 8702 North Navarro Street in Victoria, TX
- Currently leased to LB Northwest Management, LLC operating as Popeyes Louisiana Kitchen, Inc.
- Planned 20‑year absolute NNN sale leaseback at closing with six (6) 5‑year extension options
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
637k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Apparel 28%
Shops & Services 17%
Superstores 16%
Sam's Club
Superstores
74,756 visits/mo
0.4 miles
Academy Sports + Outdoors
Apparel
68,118 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
41,991 visits/mo
0.1 miles
Hobby Lobby
Shops & Services
41,652 visits/mo
0.1 miles
Kohl's
Apparel
36,659 visits/mo
0.3 miles
Demographics for 77904, TX
29,646
Population
12,822
Households
2.3
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
109.9 sq mi
ZIP Area
270
Density / Sq Mi
$86,821
Median Household Income
$44,632
Median Earnings
$1,272
Median Rent
$237,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fee simple interest in a Popeyes freestanding restaurant offered with a 20-year absolute NNN leaseback structure.
Where is this conventional restaurant located?
The property is located at 8702 North Navarro Street Victoria, TX.
What are key features of this property?
This property features: Fee simple interest in a freestanding Popeyes Louisiana Kitchen restaurant at 8702 North Navarro Street in Victoria, TX; Currently leased to LB Northwest Management, LLC operating as Popeyes Louisiana Kitchen, Inc.; Planned 20‑year absolute NNN sale leaseback at closing with six (6) 5‑year extension options
