10112 Bissonnet St Houston, TX 77036-7804
- Commercial land
- 0.37 lot acres
Current Use by Public Records
- Popeyes Louisiana Kitchen / Restaurant
- Carlos Painting - Professional & Affordable Interior & Exterior Painting / Construction Company / General Contractor
Property Details for 10112 Bissonnet St
- Lot size
- 0.37 lot acres
- Property type
- Commercial land
- APN
- 1279820010002
- APU
- 1279820010002
Description
This exceptional investment opportunity presents a 2,356 square foot Popeyes restaurant in Houston, Texas, situated on a 0.65-acre lot. Built in 2007, this Class A property boasts a 20-year absolute NNN ground lease with a franchisee tenant, ensuring consistent cash flow. The lease includes a 10% rent increase every five years, providing built-in growth potential. The property generates a strong net operating income (NOI) of $126,000, resulting in a 5.25% cap rate. Located at 10112 Bissonnet St, Houston, TX 77036, this strategically positioned property benefits from high visibility and exceptional access, exceeding 45,000 vehicles daily. The property is near major retailers, including Walmart, H-E-B, and numerous others, and is within close proximity to Houston Christian University and Memorial Hermann Southwest Hospital, ensuring a substantial customer base. The area's strong daytime employment and proximity to Downtown Houston further enhance the investment's appeal. The asking price is $2,400,000, representing a price per square foot of $1,018.68. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a thriving Houston submarket.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.5567
- Latitude
- 29.6763
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
