Freestanding QSR with Absolute NNN
For Sale
Contact for pricing
Pending
1509 West Fairmont Parkway, La Porte, TX 77571
Popeyes freestanding restaurant offered with a new 10-year absolute NNN lease that began in April 2024.
Property Size2,123 SF
Days on Market135
Property Features for 1509 West Fairmont Parkway
General Information
Standard status
Pending
Size
2,123 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$105,625
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #CA 02100489
(310) 909-5500
Source:
Crexi
Added: Apr 24
Changed: Sep 3
Last Checked: Sep 3 at 12:22PM
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 Marcus & Millichap - Los Angeles
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Hotels & Casinos 5%
Shell
Shops & Services
6,362 visits/mo
0.2 miles
Days Inn & Suites by Wyndham La Porte
Hotels & Casinos
304 visits/mo
0.3 miles
Demographics for 77571, TX
37,018
Population
14,428
Households
2.6
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
37.1 sq mi
ZIP Area
998
Density / Sq Mi
$83,795
Median Household Income
$50,441
Median Earnings
$1,328
Median Rent
$220,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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 West Fairmont Parkway La Porte, TX.
What is the asking price?
The asking price for this property is $1,760,416.
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
