24350 Kuykendahl Rd Tomball, TX 77375
- Retail properties
- 2,407 SF
- 0.31 lot acres
Current Use by Public Records
- Kroger Pharmacy / Pharmacy
- Kroger Marketplace / Cheese Shop / Deli
- Starbucks / Internet Cafe / Coffee Shop
- Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
- MoneyGram / Money Transfer Service
Property Details for 24350 Kuykendahl Rd
- Year built
- 2022
- Lot size
- 0.31 lot acres
- Property size
- 2,407 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 2,407 square foot Popeyes restaurant situated on a 0.31-acre lot at 24350 Kuykendahl Rd, Tomball, TX 77375. Built in 2022, this single-tenant property boasts a 20-year triple-net (NNN) ground lease with zero landlord responsibilities, offering significant long-term stability. The property enjoys a prime location along Kuykendahl Road, a high-traffic thoroughfare with over 35,000 cars daily passing the intersection with W Rayford Road, ensuring exceptional visibility and accessibility. The tenant is one of the largest Popeyes franchisees in the system, providing excellent financial security. The lease includes attractive rental increases of 10% every five years, extending through six five-year renewal options, potentially totaling a 50-year lease term. The property generates a strong net operating income (NOI) of $126,000, resulting in a compelling 5.25% cap rate. The asking price is $2,400,000. This investment benefits from its location within the rapidly growing Houston metro area, alongside numerous national retailers such as Kroger, Bank of America, CVS Pharmacy, Starbucks, and McDonald's. The property's 100% occupancy and strong tenant covenant make this a highly desirable addition to any portfolio.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tomball
- County
- Harris
- State
- Texas
- Longitude
- -95.5546
- Latitude
- 30.1149
