3136 Cypress Creek Pkwy Houston, TX 77068

This exceptional investment opportunity presents a 3,000 square foot Popeyes restaurant featuring a drive-thru, situated on a 1.23-acre lot at 3136 Cypress Creek Pkwy, Houston, TX 77068. Boasting a 20-year absolute NNN ground lease with a franchisee tenant, this Class A property offers a 5.25% cap rate and a strong NOI of $156,000. The lease includes attractive 7.5% rent bumps every five years, ensuring consistent income growth. Built in 2013 and renovated in 2021 to the latest prototype, the property benefits from excellent visibility and accessibility along a major retail corridor with daily traffic exceeding 47,000 vehicles. Located in a densely populated and affluent area with an average household income exceeding $87,000 within a one-mile radius and over 321,000 people within a five-mile radius, this property enjoys proximity to numerous national retailers including CVS, Walmart Supercenter (ranked in the top 3% nationally), The Home Depot, ALDI, and more. The strategic location near schools further enhances its potential customer base. The asking price is $2,971,429, representing a price per square foot of $990.48. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime Houston location.