Freestanding Absolute NNN
For Sale
Contact for pricing
1509 West Fairmont Parkway, La Porte, TX 77571
Freestanding restaurant with a recently commenced long-term lease and no landlord responsibilities.
Property Size2,123 SF
Lot Size0.71 Acres
Price / SF$829.21
Days on Market9
Property Features for 1509 West Fairmont Parkway
General Information
Standard status
Active
Size
2,123 SF
Lot size
0.71 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$105,625
Additional Details
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed By:
Jason Fefer · License #CA 02100489
Source:
Crexi
Added: Jul 27
Changed: Aug 3
Last Checked: Aug 3 at 6:08AM
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.
This freestanding Popeyes property includes a ±2,123-square-foot building on ±0.71 acres at 1509 West Fairmont Parkway in La Porte, Texas. The site is leased under a new 10-year absolute NNN agreement that began in April 2024, with zero landlord responsibilities, 10% rent increases every five years, and two five-year renewal options. The lease also provides for percentage rent equal to 8% of gross sales above a natural breakpoint when annual sales exceed the prior year by more than 5%.
The property occupies a position along Fairmont Parkway, a primary east-west retail corridor serving La Porte and Pasadena. Nearby national retailers and hospitality operators include Kroger, Wingstop, Jersey Mike’s, Anytime Fitness, and Hampton Inn & Suites. The surrounding trade area includes schools, industrial parks, residential communities, and access to the Port of Houston and major employment centers. CSM Group, which operates about 120 Popeyes locations across Texas, Kansas, and Missouri, is the tenant. A full remodel to Popeyes’ new prototype is scheduled by the end of 2032.
The property occupies a position along Fairmont Parkway, a primary east-west retail corridor serving La Porte and Pasadena. Nearby national retailers and hospitality operators include Kroger, Wingstop, Jersey Mike’s, Anytime Fitness, and Hampton Inn & Suites. The surrounding trade area includes schools, industrial parks, residential communities, and access to the Port of Houston and major employment centers. CSM Group, which operates about 120 Popeyes locations across Texas, Kansas, and Missouri, is the tenant. A full remodel to Popeyes’ new prototype is scheduled by the end of 2032.
Key Highlights
- ±2,123‑square‑foot freestanding Popeyes building on ±0.71 acres
- New 10‑year absolute NNN lease commenced in April 2024
- 10% rent increases every five years with two five‑year renewal options
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
166k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Groceries 22%
Shops & Services 21%
Hotels & Casinos 2%
Kroger
Groceries
36,183 visits/mo
0.1 miles
McDonald's
Dining
24,741 visits/mo
0.4 miles
Kroger Fuel Center
Shops & Services
13,400 visits/mo
0.1 miles
7-Eleven
Shops & Services
11,803 visits/mo
0.4 miles
Jack in the Box
Dining
11,390 visits/mo
0.1 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 - Freestanding restaurant with a recently commenced long-term lease and no landlord responsibilities.
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: ±2,123‑square‑foot freestanding Popeyes building on ±0.71 acres; New 10‑year absolute NNN lease commenced in April 2024; 10% rent increases every five years with two five‑year renewal options
