Burger King NNN Property For Sale — Houston, TX
12929 Farm to Market 1960 Road West, Houston, TX 77065
This Burger King property features a new 15-year absolute NNN lease, offering investors a passive income stream with no landlord responsibilities. The lease includes attractive 10% rent increases every 5 years and four five-year options to renew. The tenant completed a teardown and rebuild in 2015, converting the building to Burger King's latest prototype and adding a double drive-thru. The property boasts excellent visibility with a freeway-visible pylon sign and benefits from over 30 years of operating history. Strategically located on Farm to Market 1960 Road, a major retail thoroughfare experiencing over 57,000 vehicles per day, the site is just a quarter-mile from the U.S. 290 Freeway, which sees over 164,000 vehicles daily. It is also directly adjacent to Eldridge Crossing, a promin…
- Address: 12929 Farm to Market 1960 Road West, Houston, TX 77065
- Asking price $2.33M
- 5.15% cap rate
- NOI $120,000
- 15 years remaining
- NNN lease
- Building size: 3,000 SF
- Lot size: 1.02 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Burger King property is at 12929 Farm to Market 1960 Road West in Houston, Texas.
Asset type: Retail