For Sale
$1,936,000
309 Mason RdKaty, TX 77450
Katy, TX: High-traffic El Pollo Loco NNN lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 117
Highlights
- Fee-simple ownership of a 3,076 SF El Pollo Loco restaurant with a 10.2-year remaining lease (expiring 01/31/2035).
- 10% rent increase due February 2025, with 10% increases every five years thereafter; corporate guarantee.
- Absolute NNN ground lease; 5.00% cap rate and $96,800 current NOI; $1,936,000 sale price ($629.39/SF).
- Located at a signalized intersection off Interstate 10, in a high-traffic area (45,849 CPD on Mason Road).
- Situated on a 0.56-acre lot with 26 parking spaces; part of a major retail corridor with numerous national brands; within a densely populated area (295,000 people within a 5-mile radius).
Property Details for 309 Mason Rd
- Property type
- Retail properties, Restaurants
- Square Feet
- 3,076 SF
- Class
- A
- Year Built/Renovated
- 2014/2014
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 24,394 SF
- Units
- 1
Location Insight
- City
- Katy
- County
- Harris
- State
- Texas
- Latitude
- 29.7801593
- Longitude
- -95.752138
309 Mason Rd, Katy, Texas
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