Popeyes
Hewitt, TX
Key Details
| Price: | $1,636,364 |
|---|---|
| Cap Rate: | 5.50% |
| Annual Rent: | $90,000 |
| Address: | 847 North Hewitt Drive, Hewitt, Texas 76643 |
| Property Type: | Retail |
| Lease Type: | Ground |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 5/1/2025 |
| Lease Expiration: | 5/1/2035 |
| Lease Term Remaining: | 10 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 0.77 Acres |
| Year Built: | 2025 |
NNN Pro is pleased to present the Exclusive Listing for a Popeyes located at 847 North Hewitt Drive, Hewitt, TX 76643. This New Construction Popeyes will reside on an estimated estimated 0.77- acre parcel of land. This Popeyes will subject to a 10-year Triple Net (NNN) lease, which will commence at store opening. The Annual rent will be $90,000 and have scheduled increases of 10.00% every 5 years.
About the Investment
- New Construction | The site will finish construction in 2025 and be subject to a 10 year Triple Net (NNN) Lease.
- No Income Tax | Texas offers a significant economic advantage with its lack of state income tax, creating a more favorable business environment for residents and businesses alike.
- Strong Academic Presence | The subject property is located near several reputable institutions including the Baylor University and McLennan Community College, home to collectively over 28,300 students.
- Attractive Rental Increases | The lease features 10.00% rental increases every 5 years.
- Strong Brand Recognition | Popeyes Louisiana Kitchen is an American multinational fast-food restaurant chain founded in 1972 with over 3,705 restaurants worldwide, known for its New Orleans style fried chicken and other Louisiana-inspired dishes.
- Franchisee Guarantee | The lease is subject to a guarantee from Continental Northwest Management, a 6 unit operator with a strong development pipeline.
Key Details
| Price: | $1,636,364 |
|---|---|
| Cap Rate: | 5.50% |
| Annual Rent: | $90,000 |
| Address: | 847 North Hewitt Drive, Hewitt, Texas 76643 |
| Property Type: | Retail |
| Lease Type: | Ground |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 5/1/2025 |
| Lease Expiration: | 5/1/2035 |
| Lease Term Remaining: | 10 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 0.77 Acres |
| Year Built: | 2025 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
Francis Purritano
fpurritano@nnnpro.com
License: NY: 10401333619
Carlton St. Bernard
Broker of Record
Brian Brockman
Bang Realty-Texas, Inc
License: 701472
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.