1818 Fry Rd, Houston, TX 77084-5819

Property Details for 1818 Fry Rd

Year built

2018

Construction

BRICK

Lot size

0.69 lot acres

Property type

Drive through restaurants

APN

1153930000032

APU

1153930000032

Description

This exceptional investment opportunity presents a fee-simple ownership of a 2,501 square foot Pollo Campero restaurant in Houston, Texas. Located at 1818 Fry Rd, this property boasts a prime location in a high-traffic area with over 44,000 vehicles passing daily. The property benefits from a 20-year absolute NNN ground lease with a corporate guarantee from Pollo Campero, the largest Latin American chicken restaurant chain globally, with over 350 locations worldwide and 75+ in the United States. The lease commenced June 24, 2018, and has approximately 13.6 years remaining, with two lease options. Rent increases of 10% are built into the lease every five years. The property features a single-story building constructed in 2018, situated on a 0.69-acre lot. The current Net Operating Income (NOI) is $165,000, resulting in a 5.56% cap rate and a price per square foot of $1,185.53. The property is situated in a thriving retail corridor alongside national retailers such as Target, Walmart, H-E-B, and more, benefiting from a strong daytime employment base and exceptionally low unemployment rates in the rapidly growing Katy area. This investment offers significant long-term value and stability due to its strong tenant, favorable lease terms, and prime location within the Houston MSA. The property's proximity to I-10 further enhances its accessibility and visibility. The high household income within a 5-mile radius ($105,000+) underscores the robust market demand. This is a truly exceptional opportunity for a savvy investor seeking a secure, high-return investment.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.7185

Latitude

29.7925

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments