Houston, TX - Pollo Campero
$1,821,000
7754 W. Bellfort Avenue, Houston, TX 77071
5.75
Cap Rate
104,720
NOI
Details:
Description:
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, corporate signed, freestanding Pollo Campero investment property located in Houston, Texas. The tenant, Pollo Campero has approximately 2 years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor in a no income tax state.
The property is located along W Bellfort Ave, which averages 33,600 vehicles passing by daily and is the major retail thoroughfare serving the city of Houston. The asset is complete with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The Pollo Campero located adjacent to Fondren Southwest Village, a 304,000 square foot shopping center that features national/credit tenants including Fiesta Mart, Citi trends, dd’s Discounts and Rainbow Shops. Additionally, the asset is positioned southwest of Meyerland Plaza, a 1,167,000 square foot power center that is anchored by Dick’s Sporting Goods, Target, Ross Dress for Less, and Marshalls. Furthermore, the site is also located a few miles Southeast of Southway Shopping Center, a 230,000 square foot center anchored by Ross Dress for Less, dd’s Discounts and Marshalls. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Kohl’s, Kroger, Aaron’s, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 464,400 with an average household income of $82,507.
Location
Gallery
