Katy Franz Plaza is a 94.30%-occupied neighborhood shopping center strategically positioned on the hard corner of Franz Road and Katy-Hockley Road in one of Houston's fastest-growing suburban markets. Featuring below-market in-place rents, a diversified necessity-based tenant roster, and significant mark-to market leasing upside, the property offers investors stable cash flow with compelling long-term NOI growth potential. Family Dollar is paying significant below market rents and no NNN's, offering investors the opportunity to renew the tenant at market rent with NNN's or re-leasing the space at market rent. The potential year 2 growth is a 18.67% increase in gross rent.