For Sale
$2,296,912

1935 Avenue DKaty, TX 77493

High-growth QSR investment. Strong tenant, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,000 square-foot HTeaO restaurant in Katy, Texas. The property boasts a 15-year net lease (NNN) with a strong tenant, HTeaO, the nation's largest privately held iced tea franchisor. The lease commenced December 1st, 2024, and expires November 30th, 2039, featuring three, five-year renewal options and 10% rent bumps every five years. The property sits on a 0.61-acre lot and enjoys 100% occupancy, generating a Net Operating Income (NOI) of $143,557 and a 6.25% cap rate. Built in 2024, this build-to-suit location is strategically positioned in Harris County, Texas (zip code 77493), at 1935 Avenue D, within the fastest-growing school district in Houston, near major retail corridors (including 6.9 million square feet of existing retail and the new 80-acre Katy Boardwalk District), and benefits from high visibility (31,000+ vehicles per day) and proximity to significant amenities such as a new water park, Katy Mills Mall, and new residential developments. This location is the first HTeaO in Katy and the only one within a 30-mile radius, capitalizing on a captive consumer base. The property's exceptional performance is evidenced by its ranking among the top 10 nationally in store sales during its first month of operation. The absence of state income tax further enhances the investment's attractiveness. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a rapidly expanding market. Asking price is $2,296,912.

Highlights

  • Brand new 15-year NNN lease with attractive rental escalations.
  • Nation's largest iced tea franchise (128 locations, 300+ in development).
  • High-growth market with strong demographics; located near housing, schools, employment centers, and family amenities in Houston's fastest-growing school district (2,000+ new students annually), one mile from a major high school stadium.
  • Prime retail location in a 6.9M SF retail area attracting 14M shoppers annually, near a new 80-acre mixed-use development, water park, Katy Mills Mall, and Home Depot.
  • Top 10 national store sales performance in its first month.
  • High visibility (31,000+ vehicles per day) with excellent I-10 access.

Property Details for 1935 Avenue D

Property type
Retail properties, Restaurants
Square Feet
2,000 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Katy
County
Harris
State
Texas
Latitude
29.8011905
Longitude
-95.8253336
1935 Avenue D, Katy, Texas

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1935 Avenue D
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