1115 S Mason Rd - Auto Repair FOR SALE


Katy, TX 77450- Cinco Ranch
$1,999,999 USD
713-515-1367
1115 S Mason Rd, Katy, TX for Sale
$1,999,999 USD
Auto Repair - FOR SALE
1/5
null | 7.97% Cap Rate

1115 S Mason Rd
Katy, TX 77450
Cinco Ranch


HIGHLIGHTS

  • Prime Location: This retail center enjoys strong visibility and accessibility | 47K+ VPD
  • Dense Submarket: Located in a thriving area with a population of nearly 330,000 residents within a 5-mile radius
  • Stabilized Asset: The property is 100 percent occupied with a diverse tenant mix
  • Proximity to National Retailers: The center is surrounded by national tenants such as H-E-B, Dairy Queen, Taco Bell, KFC, and Public Storage

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale the Mason Shopping Center, a 13,250-square-foot retail center situated on 1.01 acres at 1115 South Mason Road in Katy, Texas. The property benefits from exceptional visibility along South Mason Road, with traffic counts exceeding 47,000 vehicles per day. Strategically located in the West Houston submarket, the center is surrounded by a dense and growing population of nearly 330,000 residents within a five-mile radius. The asset is currently 100 percent occupied with tenants paying affordable, below-market rents, providing immediate value-add potential through rental rate adjustments. The Center at Rock Canyon is offered at a price of $1,999,999, representing a 7.97 percent day one cap rate. This is an excellent opportunity for an investor to acquire a stabilized, cash-flowing asset with upside through rent increases in a strong and growing submarket.

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$151 USD /SF

CAP RATE

7.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Center at Rock Canyon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,821 SF

ZONING

None

APN/PARCEL ID

1166210000004

ASK ABOUT THIS PROPERTY

Scott JonesMarcus & MillichapMore Info
713-515-1367

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Scott JonesMarcus & MillichapMore Info
713-515-1367

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.