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5536 Peek RdKaty, TX 77450

Prime Katy retail center, multiple suites available.

Overview

Added:
Dec 11, 2024
Days on market:
116
Grand Lakes Shopping Center, located at 5536 S Peek Rd, Katy, TX 77450, presents a compelling investment opportunity in the thriving Katy submarket of Fort Bend County. This well-established shopping center, situated at the entrance to Grand Lakes, boasts a total of 25,947 square feet across two single-story buildings, encompassing 12 suites. Currently, 2,555 square feet of retail space is available, with individual suites ranging from 1,050 to 2,555 square feet, ideal for a variety of retail, medical, office, or restaurant uses. The property features ample parking with 73 spaces and benefits from a 42 building FAR. Renovated in 2012, the center enjoys a strategic location at the intersection of Peek Road and Fry Road, serving as the only community center at this prime intersection. The center draws a significant customer base from within a 5-mile radius, with a substantial portion of traffic originating from within 2 miles. The surrounding area boasts a high average household income exceeding $150,000, indicating significant disposable income among potential customers. This property offers a unique blend of established tenancy and available space, promising strong returns for the discerning investor.

Highlights

  • Grand Lakes Shopping Center, a 25,947 SF retail center in Katy, TX.
  • 12 suites available, with 2,555 SF currently vacant; suites range from 1,050 to 2,555 SF.
  • Ample parking (73 spaces) and a 42 building FAR.
  • Renovated in 2012, strategically located at Peek & Fry Roads, serving a high-income demographic ($150,000+ avg. household income).
  • Strong location at the entrance to Grand Lakes, drawing customers from a 5-mile radius.

Property Details for 5536 Peek Rd

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
25,947 SF
Year Renovated
2012
Buildings
2
Stories
1

Unit(s) available at that property

Space
Suite 5550
Size
2,555 SF
Space
Suite 5556 B
Size
2,318 SF
Space
Suite 5552
Size
1,050 SF

Location Insight

City
Katy
County
Fort Bend
State
Texas
Latitude
29.713902724085
Longitude
-95.765318373453
5536 Peek Rd, Katy, Texas

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5536 Peek Rd
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