For Sale
$12,320,000

4846 Fm 1463 RdKaty, TX 77494

High-yield, multi-tenant retail portfolio.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 22,802 square foot, multi-tenant retail property located at 4846 FM 1463 in Katy, Texas, within the thriving Houston MSA. The property, built in 2017, sits on a 2.57-acre lot and boasts a strong NOI of $769,974, resulting in a compelling 6.25% cap rate. Currently housing ten tenants, including prominent national brands like Orangetheory Fitness and Vision Source, this center benefits from a robust lease structure with built-in rent bumps. The property is strategically positioned at the entrance to Cross Creek Ranch, a rapidly expanding 3,200-acre master-planned community projected to have over 7,000 homes. This prime location is further enhanced by its proximity to new schools and enjoys exceptional demographics, with average household incomes exceeding $200,000 within a one-mile radius. The center is anchored by a significant 101,000 square foot H-E-B grocery store, driving substantial foot traffic and contributing to the overall success of the property. This Net Lease investment is offered at $12,320,000 and is suitable for a 1031 exchange. The property's strong tenant mix, prime location, and impressive financial performance make it an ideal addition to any diversified portfolio. The property offers a compelling combination of stability and growth potential within a rapidly developing area.

Highlights

  • $12,320,000 asking price for a net-leased retail property.
  • Multi-tenant retail property with 10 tenants, including Orangetheory Fitness and Vision Source.
  • 22,802 square feet on a 2.57-acre lot, built in 2017.
  • 6.25% cap rate with a $769,974 NOI.
  • Located in Katy, TX, at 4846 FM 1463, within the Houston MSA, and benefits from strong demographics with average household incomes exceeding $200,000 within a one-mile radius.

Property Details for 4846 Fm 1463 Rd

Property type
Lifestyle centers, Power centers
Square Feet
22,802 SF
Year Built
2017
Lot Size (sq. ft)
111,949 SF

Location Insight

City
Katy
County
Fort Bend
State
Texas
Latitude
29.721147001996
Longitude
-95.846264544636
4846 Fm 1463 Rd, Katy, Texas

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4846 Fm 1463 Rd
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