For Sale
$5,734,080

2212 Katy Flewellen Rd Katy, TX 77494

100% Leased Retail Center, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 14,942 square foot retail center, built in 2016, sits on a 1.23-acre lot in Katy, Texas, at 2212 Katy Flewellen Rd, zip code 77494. Boasting a 6.25% cap rate and a strong net operating income (NOI) of $358,380, this property presents a compelling investment opportunity. Currently 100% occupied, the center benefits from a long-term anchor tenant, a daycare, ensuring consistent revenue streams. Its prime location at the northwest quadrant of the entrances to the Woodcreek Reserve and Grayson Lakes communities provides excellent visibility and accessibility. The property's proximity to Woodcreek Junior High School and numerous master-planned communities, including Cinco Ranch and Avalon at Spring Green, guarantees a substantial customer base. An assumable non-recourse debt at a favorable 4.25% interest rate further enhances the investment potential. This property offers a rare combination of strong financial performance, excellent location, and long-term stability, making it an ideal addition to any investment portfolio. The property is located in Fort Bend County.

Highlights

  • Assumable, non-recourse financing at a 4.25% interest rate.
  • 100% leased to a long-term daycare anchor tenant.
  • Excellent location in Katy, TX, near the intersection of Flewellen and Woodcreek Bend.
  • Adjacent to Woodcreek Junior High School.
  • Adjacent to the entrances of Woodcreek Reserve and Grayson Lakes communities.
  • Near several master-planned communities including Woodcreek Reserve, Grayson Lakes, Grayson Woods, Cinco Ranch, and Avalon at Spring Green.

Property Details for 2212 Katy Flewellen Rd

Property type
Retail properties, Land
Square Feet
14,942 SF
Year Built
2016
Lot Size (sq. ft)
53,579 SF

Location Insight

City
Katy
County
Fort Bend
State
Texas
Latitude
29.7578052
Longitude
-95.8319635

FAQs

What type of property is this?
Retail property - 100% Leased Retail Center, High NOI
Where is the retail property located?
The property is located at 2212 Katy Flewellen Rd Katy, TX.
What is the asking price?
The asking price for this property is $5,734,080.
What are key features of this property?
This property features: Assumable, non-recourse financing at a 4.25% interest rate.; 100% leased to a long-term daycare anchor tenant.; Excellent location in Katy, TX, near the intersection of Flewellen and Woodcreek Bend.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2212 Katy Flewellen Rd
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