1420 Grand Pkwy Katy, TX 77494

This exceptional 8,419 square foot, 100% occupied retail property in Katy, Texas, presents a compelling investment opportunity. Located on the highly trafficked SH-99 (Grand Parkway) with over 118,000 vehicles per day, this Class "A" shopping center boasts a prime location within a thriving, affluent submarket. The property features a complementary mix of national and regional tenants, including a Kroger grocery anchor, and benefits from a strong demographic profile with average household incomes exceeding $122,000 within a 3-mile radius. Built in 2019, this four-tenant strip center offers NNN leases, ensuring predictable cash flow. The property's 0.99-acre lot provides excellent visibility and signage opportunities. With a 6.00% cap rate and a Net Operating Income (NOI) of $351,626, this investment offers significant potential for long-term growth. The property's proximity to other major retailers like Costco, Academy Sports + Outdoors, and Sprouts Farmers Market further enhances its desirability. All suites are smaller than 3,050 square feet, making them highly leasable. The property is situated near LaCenterra, a large upscale mixed-use development, and within the Cinco Ranch Master Planned Community, a significant residential area with over 15,000 homes. This is a rare opportunity to acquire a high-performing retail asset in one of Houston's fastest-growing submarkets. The asking price is $5,865,000.