24350 Kuykendahl RdTomball, TX 77375

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.