309 S. Mason Road Katy (Houston MSA), TX 77450
Sponsored
Property Features for 309 S. Mason Road
General Information
- Property type
- Restaurants
- Square Feet
- 3,076 SF
- Price / Square Foot
- $629
- Elevators
- N/A
- Lot Size
- 24,350 SF
- Net Operating Income
- $96,800
Building Details
- Year Built
- 2014
- Buildings
- 1
- Stories
- 1
- Units
- 1
Overview
El Pollo Loco Investment Opportunity
This property features a 3,076 square foot El Pollo Loco restaurant situated on a 0.56-acre lot in Katy, Texas. The location benefits from high traffic at a signalized intersection near the Interstate 10 on/off ramp. Traffic counts are substantial, with 45,849 on Mason Road, 219,280 on Interstate 10, and 103,731 on Highway 99. The trade area is densely populated with 295,953 people and 98,592 households within a 5-mile radius. The average household income is $140,850, with a 26% annual growth rate from 2020-2023. The property is located in a high-occupancy shopping center alongside national tenants such as 99 Cents Only Store and Harbor Freight Tools, and is directly across from a grocery-anchored center including Fiesta Mart and Dollar Tree. Numerous national chains are within a one-block radius. The property is also near several car dealerships and the GEICO corporate office. The property has an absolute NNN ground lease with over 10 years remaining, offering passive income and 10% rent increases every 5 years. The tenant, El Pollo Loco Inc., is a publicly traded company. The property's net operating income is $96,800.
HighLights
- High‑traffic location at a signalized intersection near I‑10, offering exceptional visibility.
- Strong, publicly traded tenant, El Pollo Loco, with significant revenue and numerous locations.
- Attractive, long‑term NNN ground lease with built‑in rent increases and minimal landlord responsibilities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail properties
Location Insight
- Map
- Local Demand
- City
- Katy (Houston MSA)
- State
- Texas
- Longitude
- -95.752224
- Latitude
- 29.780183
Nearby Comparable
FAQs
What type of property is this?
Restaurant - High-traffic Katy location, strong tenant, passive income.
Where is this restaurant located?
The property is located at 309 S. Mason Road Katy (Houston MSA), TX.
What is the asking price?
The asking price for this property is $1,936,000.
What are key features of this property?
This property features: High-traffic location at a signalized intersection near I-10, offering exceptional visibility.; Strong, publicly traded tenant, El Pollo Loco, with significant revenue and numerous locations.; Attractive, long-term NNN ground lease with built-in rent increases and minimal landlord responsibilities.
