19300 Katy Freeway
Houston, TX
Price:
$7,321,000
Cap Rate:
4.75%
NOI:
$347,747
Building Size:
Approx. 3,372 Sq. Ft.
Lot Size:
Approx. 1.12 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2023
Investment Overview
- 2023 Construction. 3,372+/- SF Building on 1.1195 +/- Acre Site
- Brand New 15 Year Absolute NNN Lease w/ 10% Rental Increases Every 5 Years
- Subject Property is a New Prototype Building with a Double Lane Drive-Thru
- Excellent Signalized, Hard Corner Location at the Intersection of Greenhouse Rd & I-10 (304K Combined VPD)
- Subject Property Located in Dense Retail Corridor Near Chick-fil-A, H-E-B, Walmart Supercenter, Target & More
- Strong Income Demographics Within the Immediate Trade Area w/ an est. $96,000 Within 1 Mile
- Shake Shack is one of the Fastest Growing Food Chains in the US and is Publicly Traded
- Katy | Affluent Suburb of Houston | Population: 24,000+