Popeyes | Absolute NNN | High-Traffic Location Near… — Sale in La Porte, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: La Porte, TX 77571

Photos

Popeyes | Absolute NNN | High-Traffic Location Near… — Sale in La Porte, TX, photo 1 of 3
Popeyes | Absolute NNN | High-Traffic Location Near… — Sale in La Porte, TX, photo 2 of 3
Popeyes | Absolute NNN | High-Traffic Location Near… — Sale in La Porte, TX, photo 3 of 3

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes located at 1509 Fairmont Parkway in La Porte, Texas. This ±2,123-square-foot building sits on ±0.71 acres and is subject to a new 10-year absolute NNN lease that commenced in April 2024. The lease includes zero landlord responsibilities, 10% rent increases every five years, and two (2) five-year renewal options. A percentage rent provision allows for 8% of gross sales above a natural breakpoint, triggered only if annual sales exceed the prior year by more than 5%. The property is situated along Fairmont Parkway, one of the primary east-west retail corridors in La Porte and Pasadena, with excellent visibility and traffic exposure. The surrounding area includes national retailers such as Kroger, Wingstop, Jersey Mike’s, Anytime Fitness, and Hampton Inn & Suites, and benefits from proximity to the Port of Houston and major employment centers. The location also serves a dense daytime population supported by schools, industrial parks, and residential communities. The tenant is CSM Group, one of the largest and most respected Popeyes franchisees, operating 120+ locations across Texas, Kansas, and Missouri. CSM was named Popeyes Franchisee of the Year in both 2024 and 2025. This site is scheduled to undergo a full remodel to Popeyes’ new prototype by the end of 2026. Priced at $1,938,073 with a 5.45% cap rate and $105,625 in annual base rent, this offering presents a strong, passive QSR investment in one of the nation’s fastest-growing MSAs. Investment Highlights: • Nearly 9-Years Remaining on Absolute NNN Lease With Zero Landlord Responsibilities • 10% Rent Increases Every 5 Years Plus Percentage Rent | Percentage Rent Kicks In at 8% of Sales Over Breakpoint if Annual Sales Exceed Prior Year by 5%+ • ±2,123 SF Popeyes With Drive-Thru on ±0.71 Acres | Strong Visibility Along Fairmont Pkwy • Dense Retail Corridor Near Port of Houston With Surrounding Tenants Including Kroger, Wingsto

Market Context

This food service in La Porte, TX is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in La Porte, TX — view the full market.

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