Description

Existing fast-food restaurant with drive-thru at the Northeast Corner of East Riverside Drive and Willow Creek Drive, approximately 1 mile East of IH 35. At a lighted intersection, with two points of ingress/egress, this stand-alone restaurant has cross access to the H-E-B grocery store and is located adjacent to McDonald’s, Wendy’s, Taco Bell and KFC.

Location

• Existing Popeye’s Chicken and Biscuits with drive-thru
• Hard corner, lighted intersection
• Northeast corner of E. Riverside Drive and Willow Creek Drive, approximately 1 mile East of IH 35
• Developing corridor

Size

• Approximately 2,460 square feet

Current NOI

• $90,061.32

Lease Type

• Tripe-Net (NNN)

Lease Term

• Initial term expires June 30, 2017
• Two, Five year options

Option Term Increases

• 1 to 1½ percent annual rental increases

Traffic Count (2013 TXDOT)

• Riverside Drive – Lakeshore Blvd. to Willow Creek Dr.: 48,419 vehicles per day

Demographics (2015)

• 1 mile: Population (26,842), Avg. HH Income ($27,546)
• 3 miles: Population (122,685), Avg. HH Income ($34,716)
• 5 miles: Population (297,743), Avg. HH Income ($37,270)