1818 Fry RdHouston, TX 77084

Property Details for 1818 Fry Rd

Year built

2018

Construction

BRICK

Lot size

0.69 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $816,169

  6.5%

  $753,387

  7%

  $699,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,009,792

  Geo Method

  $2,045,349

• Alternative Use

  Use

  Valuation

  Residential

  $635,510

  Hospitality

  $582,124

  Educational

  $484,320

  Medical

  $500,977

  Retail

  $753,387

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7925

Longitude

-95.7185

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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