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Arby's Net Lease Investment | 5.5% Cap Rate

25957 Northwest Hwy 290
Cypress (Houston), TX 77429
PRICE : $3,285,000
CAP RATE: 5.5%
PROPERTY TYPE: Retail
SITE SIZE: 0.88 Acres
BUILDING SIZE: 3,034 SF
YEAR BUILT: 2008

Highlights

  • 10+ years remain on a 20 year initial lease term NNN lease
  • Four 5-year options with 5% rent increases every 5 years and in option periods
  • Corporate guarantee by Arby’s Restaurant Group, Inc.
  • Cypress in located NW of Houston's CBD and is one of the fastest growing areas in the Houston MSA
  • Outstanding exposure and traffic from other compatible nearby retailers and significant traffic counts of over 69,000 vehicles per day
  • Situated as an outparcel to a Lowe’s with Panera, Firestone and Wells Fargo nearby with all the big national retailers in the immediate trade area
  • Broker of Record: Randy Reid of Reid Peevey, TX License # 33073

Description

Bull Realty is pleased to offer this absolute NNN corporate guaranteed fee simple Arby’s in Cypress, Texas, part of the sprawling Houston MSA. This single tenant property is well located on the frontage road of U.S. Hwy 290 with over 69,000 vehicles per day. It is an outparcel to a Lowe’s retail center that includes other national tenant outparcel tenants - Panera Bread, Firestone and Wells Fargo. The store is operated by Atlanta based Arby’s Restaurant Group and has over 10 years remaining on the primary lease term with four 5-year renewal options. There are generous 5% rent increases every five years including in the option periods. The immediate trade area features additional major retailers and restaurants including Home Depot, Walmart and more. The three mile population is over 74K with an average household income of $157K.

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