Freestanding Restaurant with NNN
8702 North Navarro Street Victoria, TX 77904
8702 North Navarro Street, Victoria, TX, 77904
Contact for pricing
For Sale
Contact for pricing
Fee simple interest in a Popeyes freestanding restaurant offered with a 20-year absolute NNN leaseback structure.
Days on Market105
Property Features for 8702 North Navarro Street
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Northmarq
(980) 895-3178
Listed by
Amar Goli · License #01883944
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 1:21AM Checked: Jul 22 at 6:43AM
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
Location Intelligence
Current Use by Public Records
Popeyes Louisiana Kitchen
Restaurant
Similar For Sale Nearby
FAQs
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
