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Texas  + Retail  | 

Burger King Prototype Doubles Down on Drive Thru and Offers

A new single-tenant Burger King prototype with a double-drive-thru in Houston recently sold to a New Hampshire-based private investor. The sale price was not disclosed.

The 3,000-square-foot building is situated on 1.02 acres at the signalized intersection of Farm to Market 1960 Road and Wortham Boulevard at 12929 FM 1960 Road West, with visible pylon signage from U.S. 290. FM 1960 Road has more than 57,000 vehicles per day. The property also benefits from its location 0.25 miles from 290 Highway, the main northwest/southeast highway with more than 164,000 cars per day.

The 290 Corridor is a rapidly growing northwest region of Houston with a current population of 698,000 and a projected 2040 population of 1.1 million, according to Hanley Investment Group’s Brad Dessy.

Hanley Investment Group represented both the buyer and seller. Hanley’s Matt Burnett and Dessy in conjunction with ParaSell Inc. represented the seller, a private investor based in Spring, TX. The buyer was represented by Hanley Investment Group’s Jeff Lefko.

“The property, which was completely rebuilt in 2015 to convert the existing building into Burger King’s latest double-drive-thru prototype, had previously been on the market for over a year with another brokerage company and we were able to generate 12 offers within the first week of marketing the property, including two offers before we did our first email blast about the property,” said Dessy. “The tenant has operated as a Burger King at this location for over 30 years and had a brand-new 15-year absolute triple-net lease.”

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Acquisition