A freestanding Popeyes located at 18550 NW Freeway (U.S. 290) in Houston, Texas. The property is subject to a 10-year absolute NNN lease that commenced in April 2024, with zero landlord responsibilities, 10% rent increases every five years (in addition to percentage rent), and two
Investment Highlights
- ✅ investment-grade Investment-Grade Credit — Popeyes maintains strong credit providing institutional quality and 70-75% LTV financing.
- ✅ 8.2-Year Lease Security — Lease through 2034 provides long-term cash flow with minimal landlord duties.
- ✅ $104,458 Annual NOI (5.5% Cap) — Property delivers $8,705 monthly mailbox money creating truly passive income.
- ✅ Houston, TX Market — Texas zero income tax eliminates state tax drag.
- ✅ Popeyes Brand Strength — Proven recession-resistant business model with long-term real estate commitment.
Property Details
| Metric |
Value |
| Price |
$1,899,236 |
| Cap Rate |
5.5% |
| Annual NOI |
$104,458 |
| Monthly Income |
$8,705 |
| Lease Remaining |
8.2 years |
| Tenant |
Popeyes (investment-grade) |
| Lease Type |
Absolute NNN |
| Location |
Houston, TX |
Why Popeyes NNN Properties?
Popeyes triple net properties offer institutional-quality real estate with proven fundamentals including strong investment-grade credit rating providing major lender support at 70-75% LTV, absolute NNN lease structure creating true passive mailbox money, recession-resistant business model proven through economic cycles, and purpose-built locations with long-term value retention.
Houston, TX Market Analysis
Texas zero income tax eliminates state tax drag. The Houston market provides strong demographics, accessible retail corridors, and consumer demand supporting long-term Popeyes performance and NNN lease stability.
Absolute NNN Lease Structure
This property features absolute triple net lease where tenant pays all property taxes, insurance, maintenance, repairs, and utilities. Investor responsibility limited to mortgage payment (if financed) and collecting rent checks — truly passive income.
1031 Exchange Benefits
This Popeyes NNN property qualifies as like-kind replacement for 1031 exchange investors seeking to defer capital gains tax, simplify from active to passive real estate, eliminate landlord responsibilities, preserve wealth through institutional quality, and generate predictable income through 8.2-year lease term.
Financing Available
Popeyes’s investment-grade credit provides excellent financing options including 70-75% LTV from major banks, competitive interest rates, 25-30 year amortization, and non-recourse options for qualified borrowers.
Contact American Net Lease
We represent buyers only — your interests come first. Specializing in Popeyes NNN acquisitions nationwide.
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