5536 Peek RdKaty, TX 77450

Property Details for 5536 Peek Rd

Property size (Sq ft)

25,947 SF

Property type

Healthcare properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Katy

County

Fort Bend

State

Texas

Latitude

29.7139

Longitude

-95.7653

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