23010 Highland Knolls DrKaty, TX 77494

This exceptional investment opportunity presents a 15,000-square-foot convenience store located at 23010 Highland Knolls Dr, Katy, TX 77494, within the affluent Cinco Ranch Master Planned Community. Built in 2005, the property sits on a substantial 61,258-square-foot lot and boasts a strong tenant mix, including a Domino's anchor tenant, providing stability and long-term lease agreements. The current Net Operating Income (NOI) stands at $332,305, yielding an attractive 6.78% capitalization rate at an asking price of $4,900,000. The property offers significant upside potential, with the average rent currently at $22.15 per square foot and existing tenants benefiting from rental increases within their primary lease terms. This well-maintained retail center presents a compelling investment opportunity in a high-demand area with a proven track record of success. The property's location within the thriving Katy market and its strong tenant occupancy make it an ideal addition to any portfolio seeking stable income and future growth. The substantial lot size also presents potential for future expansion or redevelopment. This is a rare chance to acquire a high-performing retail asset in a prime location.