309 Mason RdKaty, TX 77450
For Sale
$1,936,000
View listing
- Drive through restaurants
- 3,076 SF
Property Details for 309 Mason Rd
- Year built
- 2014
- Construction
- BRICK
- Lot size
- 0.56 AC
- Property size (Sq ft)
- 3,076 SF
- Property type
- Drive through restaurants
- APN
- 1071210000024
- APU
- 1071210000024
Description
This exceptional investment opportunity presents a fee-simple ownership of a 3,076 square foot El Pollo Loco restaurant located at 309 S Mason Rd, Katy, TX 77450. The property boasts a strong 10.2-year remaining lease term (expiring 01/31/2035), commencing 01/06/2015, with a corporate guarantee and 10% rent bumps every five years. The property features a 5.00% cap rate and a current NOI of $96,800, with a sale price of $1,936,000 ($629.39/sq ft). Situated on a 0.56-acre lot with 26 parking spaces, the single-story building (built and renovated in 2014) benefits from its prime location at a signalized intersection off Interstate 10, experiencing high traffic counts (Mason Road: 45,849 CPD
309 Mason Rd, Katy, Texas
Location Insight
- City
- Katy
- County
- Harris
- State
- Texas
- Latitude
- 29.7802
- Longitude
- -95.7522
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$31,562
$608,750
$1,181,779
$1,790,529
-
$608,750
$1,181,779
$1,790,529
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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