KFC

Subject Property

222 E Parkwood Ave
Friendswood, TX

Price: $1,491,000
Cap Rate: 5.5%
NOI: $81,999
Building Size: Approx. 2,969 Sq. Ft.
Lot Size: Approx. 0.69 Acres
Status: Sold
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 1990

Investment Overview

  • 2,969+/- SF Building on .69+/- Acre Site
  • 20 Year NNN Lease with 10% Rent Bumps Every 5 Years
  • No Damage or pause in operations during Hurricane Harvey
  • Located along E Parkwood Ave (29K VPD), N of Parkwood Dr
  • Across First Choice ER | Near Whataburger, AutoZone, H-E-B
  • Near Space Center Houston (1M+Visitors/Year) | Baybrook Mall
  • Major Employers: H-E-B Grocery | NASA Johnson Space Center
  • 3-Mile Radius: 2017 Est Pop: 68,562 | Avg HH Income: $123,224
  • Friendswood is located 24-Miles SE of downtown Houston, TX