For Sale
$10,416,758

2340 Texas Heritage PkwyKaty, TX 77494

19,575 SF Retail Strip Center, 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 19,575-square-foot retail strip center, built in 2022, presents a compelling investment opportunity. Located at 2340 Texas Heritage Pkwy in Katy, Texas (77494), this property boasts a 100% occupancy rate and a strong net operating income (NOI) of $625,005, yielding a 6.00% capitalization rate. The asking price is $10,416,758. Situated on a 1.45-acre lot, this single-building center is strategically positioned within Houston's newest affluent, family-oriented master-planned community, approximately four miles west of existing retail, ensuring optimal absorption of Katy's continued growth. Its pedestrian-friendly design promotes high foot traffic, further enhanced by its location on the major north-south thoroughfare, Texas Heritage Parkway. The property benefits from unparalleled integration into this thriving community and exceptional growth potential due to the construction of nearby new master-planned communities. This investment offers a rare combination of prime location, strong performance, and significant future upside.

Highlights

  • $10,416,758 asking price for this 19,575 SF retail strip center.
  • 6.00% cap rate with a $625,005 NOI.
  • 100% occupancy in a 2022-built, single-building property.
  • Located on 1.45 acres at 2340 Texas Heritage Pkwy, Katy, TX 77494.
  • Prime location in a new, affluent, family-oriented master-planned community, strategically positioned to benefit from Katy's growth.

Property Details for 2340 Texas Heritage Pkwy

Property type
Retail properties
Square Feet
19,575 SF
Year Built
2022
Buildings
1
Lot Size (sq. ft)
63,162 SF

Location Insight

City
Katy
County
Fort Bend
State
Texas
Latitude
29.7567177
Longitude
-95.8858693
2340 Texas Heritage Pkwy, Katy, Texas

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2340 Texas Heritage Pkwy
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