1818 Fry Rd Houston, TX 77084-5819
- Drive through restaurants
- 2,711 SF
- 0.69 lot acres
Current Use by Public Records
- Pollo Campero / Chicken Restaurant / Fried Chicken Takeaway
- Jeson Auto & Residential Lock / Locksmith / Car Repair And Maintenance Service
Property Details for 1818 Fry Rd
- Year built
- 2018
- Construction
- BRICK
- Lot size
- 0.69 lot acres
- Property size
- 2,711 SF
- 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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $365,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $356,000
Market price range: $207k - $357k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $280,000 Current use
- OFFICE BUILDING
- $455,000 Change: +63% Conversion: Moderate
- MEDICAL BUILDING
- $225,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- 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
