1380 Grand PkwyKaty, TX 77494

This exceptional investment opportunity presents a Class "A" two-tenant retail strip center totaling 13,291 square feet, boasting 100% occupancy. Located at 1380 W Grand Pkwy S in Katy, Texas (77494), this property offers a compelling 5.85% cap rate with a strong NOI of $316,937. Built in 2023, the center features a triple-net (NNN) lease structure with escalations for both tenants, ensuring consistent income growth. The property benefits from a prime location in the affluent Katy submarket, shadow-anchored to a high-performing Kroger and situated along the Grand Parkway (SH-99), experiencing over 118,000 vehicles per day, providing excellent visibility and signage opportunities. The area's average household income exceeds $122,000 within a 3-mile radius, nearly double the national average. This thriving location is near LaCenterra, a significant upscale mixed-use development, and the Cinco Ranch master-planned community, home to over 15,000 residences. The proximity to national retailers such as Costco, Academy Sports + Outdoors, Sprouts Farmers Market, Cato Fashions, Starbucks, and Jersey Mike's Subs further enhances the property's desirability and potential for long-term growth. The asking price is $5,420,000. This is a rare opportunity to acquire a high-performing, well-located retail investment in a rapidly growing market.