For Sale
$3,470,000

Katy TX Nec Morton Rd & Katy Hockley Cutoff RdKaty, TX 77493

High-yield McDonald's investment. Prime Katy location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents the chance to acquire a fee-simple interest in a 3,686 square foot, freestanding McDonald's restaurant located at the northeast corner of Morton Road and Katy Hockley Cutoff Road in Katy, Texas. The property benefits from a 20-year absolute NNN ground lease with a corporate guarantee, offering significant long-term stability and minimal landlord responsibilities. Rent increases are structured with 10% bumps every five years, ensuring consistent income growth. The lease includes six five-year renewal options, further extending the investment's potential. The property sits on a 1.54-acre lot and boasts a 3.75% cap rate with a current NOI of $130,000. Built in 2024, this McDonald's enjoys a 100% occupancy rate. Its strategic location is a pad site to the new Market at Katy Park development, a grocery-anchored retail center featuring a large H-E-B grocery store, the only one within a three-mile radius, and numerous other retail spaces. The area demonstrates strong demand characteristics, with an average household income exceeding $135,000 within a one-mile radius and a remarkable 177% population growth since 2010. The property's proximity to Katy Park, a 100-acre sports complex attracting over 700,000 annual visitors, further enhances its appeal. The ground lease has 20 years remaining. This is a rare opportunity to invest in a highly sought-after, established brand in a rapidly growing market.

Highlights

  • 20-year absolute NNN ground lease with McDonald's; zero landlord responsibilities.
  • H-E-B anchored pad site; only H-E-B within a 3-mile radius.
  • High demand; $135,000+ average household income within 1 mile and 177% population growth since 2010.
  • Adjacent to Katy Park, a 100-acre sports complex attracting over 700,000 annual visitors.
  • Strong tenant; McDonald's, a globally recognized brand.
  • High residential growth; over 6,000+ apartment leases in Katy since 2021.

Property Details for Katy TX Nec Morton Rd & Katy Hockley Cutoff Rd

Property type
Retail properties
Square Feet
3,686 SF
Year Built
2024
Lot Size (sq. ft)
67,082 SF

Location Insight

City
Katy
County
Harris
State
Texas
Latitude
29.8168022
Longitude
-95.8091322
Katy TX Nec Morton Rd & Katy Hockley Cutoff Rd, Katy, Texas

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Katy TX Nec Morton Rd & Katy Hockley Cutoff Rd
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