Arby's | Net Lease Investment | 5.5% Cap Rate | 3,034 SF
26026 Northwest Freeway, Cypress, Texas
Bull Realty is pleased to offer this absolute NNN Arby’s single tenant net lease property for sale, located in Cypress, Texas, in the NW section of Houston. The property is fronted by US Hwy 290 with over 96,000 vehicles per day and is an outparcel to a Lowe’s retail center that includes Panera Bread, Firestone and Wells Fargo. The store is operated by Atlanta based Arby’s Restaurant Group and has 13 years remaining on the primary lease term with four 5 year renewal options. Rents increase an average of 5+% every five years. The immediate trade area features other major retailers and restaurants including Home Depot, Wal-Mart and more. The three mile population is over 60K with an average household income of $129K.
- 13+ years remaining on a 20 year term NNN lease with four 5 year options.
- 5.5% cap rate with 5%+ increases every 5 years.
- NNN corporate lease guaranteed by Atlanta based Arby’s Restaurant Group, Inc.
- 96,000+ VPD fronting the main thoroughfare, Hwy 290.
- $130,754 average HH income with a projected population growth of 3.24% within a 5 mile radius.
- Located 21 miles NE of the Houston’s CBD, the 4th largest metro area in the nation.
- Outparcel to Lowe’s that including Panera Bread, Wells Fargo and Firestone.
Randy Reid, TX #333073, Broker of Record
On The Radio
Nancy Miller, President of the National Net Lease Investment Group, Bull Realty, Inc. and Scott Lindstrom, Director of Real Estate and Development with Garrard Group joined Michael in Studio One to share some single tenant property investment tips .
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