Peek Plaza Retail FOR SALE


$10,180,000 USD
469-844-8884
, Katy, TX for Sale
$10,180,000 USD
Retail - FOR SALE
1/5
null | 6.75% Cap Rate


OVERVIEW

New 2023 Construction - 20,013 Square Foot Shopping Center with Drive-Thru Windows on Both End-Caps Ease of Management - 100% Occupied with Triple-Net Leases Long-Term Leases - All New 5-Year and 10-Year Leases with Weighted Average Lease Term of 7.4 Years Scheduled Rent Escalations - Rent Growth with Scheduled Increases during Primary Term and Renewal Options High Traffic Location - Well Positioned on Grand Parkway North (Highway 99) with Excellent Visibility to 71,037 Average Vehicles Per Day Strong Credit Tenants - 67% of Gross Leasable Area Leased to National Tenants Located in Growing Retail Trade Area - Nearby Major Attractions Include Walmart Supercenter, Kroger, HomeGoods, McDonald’s, Starbucks, Chick-fil-A, Petco, and Many Other National Retailers Strong Demographics - Average Household Income of $102,680 and Population of 277,938 within a Five Mile Radius Surrounded by New Housing Developments - Brea Luxury Apartments (371 Units), Ascend at Ventana Lakes (303 Units), Linz Luxury Living Apartments (305 Units), and Morton Creek Ranch by Long Lake Single-Family Home Development

ASK ABOUT THIS PROPERTY

Jason VitorinoSTRIVEMore Info
469-844-8884

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Jason VitorinoSTRIVEMore Info
469-844-8884

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