Shake Shack w/ Double Drive-Thru Houston, TX

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+

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