TGI Fridays

20430 U.S. 59, Humble, TX 77338

$2,315,000

Cap Rate 4.74%

Views: 107 Updated: 05.06.24 Posted: 12.01.22 Status: Inactive 05.06.24

Summary

Price $2,315,000	Built/Renov 1999	Tenant TGI Fridays
Cap Rate 4.74%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 7,850	Lease Start 08-02-1998	#Units 920
Price/SF $294.90	Expiration 12-31-2026	Tenant Type Casual Dining
NOI $109,808	R. Term 2.0	Ownership Fee Simple
Rent/SF $13.99	Increases 10.0%/4/yrs	Pop 5Mi 145,823
Lot/AC 1.45	Options 2/5yrs/10%	AHHI 5Mi $98,973

Lease Highlights

The tenant has 4 years remaining with 2 (5-year) options to extend
Lease features 10% rental increases at the beginning of each option period
Absolute NNN lease presents zero landlord responsibilities
Corporate guaranteed by TGI Fridays Franchisor, LLC.

Location Description

Located in Humble, TX, a suburb of Houston, this site is an outparcel PAD to Deerbrook Marketplace and is within a half-mile of Deerbrook Mall. Positioned on Eastex Freeway Road it is easily accessible from Interstate 69 (174,000+ VPD) as well as Farm to Market 1960 Bypass Road E (41,000+ VPD). The subject property comprises a 1.45-acre lot and a 7,850 SF building and is nearby many retailers...

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Key Features

Links

TGI Fridays Wikipedia TGI Fridays Wikipedia Humble, Texas Zip Code 77338 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: TGI Fridays
Guarantor:Corporate
Company:TriArtisan Capital Advisors
# Units:920
Stock:Private

About Tenant

TGI Fridays (operating in the UK as FRIDAYS) is a privately held, casual restaurant chain focusing on American cuisin e and specialty alcoholic beverages. Originating in New York City...

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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Eastex Fwy	Cantertrot Dr	2001	4,630	0.07 mi
Hwy 59 Hov		2013	136,517	0.12 mi
Fieldtree Dr	Glencreek Dr	2011	820	0.15 mi
Birchridge	Glencreek Dr	2011	3,040	0.17 mi
Eastex Freeway	Eastex Fwy	2019	177,646	0.24 mi
Eastex Freeway	Eastex Fwy	2020	161,099	0.24 mi
Townsen Boulevard	Eastex Fwy	2020	13,096	0.34 mi
N Houston Ave	Meek Rd	2011	1,880	0.52 mi
Eastex Freeway		2018	172,149	0.57 mi
	FM 1960 Bypass Rd W	2020	39,682	0.59 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
23694 Views
59 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
25481 Views
63 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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