Two-Tenant NNN Retail
1815-1817 South Mason Road, Katy, TX 77450
For Sale
Contact for pricing
Krispy Kreme and Dogtopia occupy the property under an absolute NNN lease structure.
Property Size8,737 SF
Price / SF$371.98
Days on Market49
Property Features for 1815-1817 South Mason Road
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Commercial Investment Advisors (CIA) Texas
Listed By:
Jessica Zahn Gibson · License AZ BR509621000
(602) 770-7145
Source:
Crexi
Added: Sep 25
Changed: Nov 10
Last Checked: Nov 12 at 5:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Investment Advisors (CIA) Texas
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 8,737-square-foot retail property is fully occupied by two tenants: Krispy Kreme and Dogtopia. Its lease structure is absolute NNN, and the rent roll includes annual increases. Long-term lease commitments are also in place.
The property is located at 1815-1817 South Mason Road in Katy, Texas. South Mason Road carries traffic counts exceeding 22,000 CPD.
The property is located at 1815-1817 South Mason Road in Katy, Texas. South Mason Road carries traffic counts exceeding 22,000 CPD.
Key Highlights
- 8,737 SF of retail space occupied by two tenants
- Krispy Kreme and Dogtopia are the tenants
- Absolute NNN lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,345
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,366,900
$2.4M
Cap Rate 7%
$1,690,643
$1.7M
Cap Rate 9%
$1,314,944
$1.3M
Market Conditions
NOI Build-Up for 8,737 SF
Gross rent
$179.3K $20.52/SF
− Vacancy
−$10.2K −$1.17/SF
EGI
$169.1K $19.35/SF
− OpEx
−$50.7K −$5.81/SF
NOI
$118.3K $13.55/SF
Area
Fort Bend County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,366,900
Cap Rate 7%
$1,690,643
Cap Rate 9%
$1,314,944
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,345 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$2.83M
$2.48M – $3.30M
NOI $198,063 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 77450, TX
72,977
Population
26,259
Households
2.8
Avg Household Size
38
Median Age
53%
College-Educated
95%
High-School Grad
19.7 sq mi
ZIP Area
3,704
Density / Sq Mi
$105,607
Median Household Income
$55,656
Median Earnings
$1,730
Median Rent
$342,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Krispy Kreme and Dogtopia occupy the property under an absolute NNN lease structure.
Where is this nnn property located?
The property is located at 1815-1817 South Mason Road Katy, TX.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 8,737 SF of retail space occupied by two tenants; Krispy Kreme and Dogtopia are the tenants; Absolute NNN lease structure
