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.