Listing Agency: eXp Realty LLC m***@mpr.group Show Phone

Listed By: Mickey Patel · License #652604

Source: Crexi

Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 12:51PM

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Investment Insights

Based on property information with market context.

This NNN property is subject to a lease executed in early 2024. The current term runs for 5 years and includes 2 additional 5-year renewal options. The agreement also provides for a 2% annual rent increase during the lease term.

Key Highlights

• Lease signed in early 2024
• Initial 5‑year lease term
• 2 additional 5‑year renewal options

Property Analytics

Property Profile

Current Use

ABA Therapy of Houston Crisis Center

Suggested Use

Top Pick Law Firm Real Estate Agency Pharmacy Restaurant (Bike/Boat/Book/etc) Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

155

Businesses Nearby

Explore this area Business Placement

Demographics for 77449, TX

128,180

Population

40,773

Households

3.1

Avg Household Size

32

Median Age

28%

College-Educated

86%

High-School Grad

27.0 sq mi

ZIP Area

4,747

Density / Sq Mi

$85,934

Median Household Income

$42,015

Median Earnings

$1,755

Median Rent

$236,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

NNN property - Existing tenant commitment includes renewal options and annual rent increases under an NNN lease structure.

Where is this nnn property located?

The property is located at 21765 Merchants Way Katy, TX.

What are key features of this property?

This property features: Lease signed in early 2024; Initial 5‑year lease term; 2 additional 5‑year renewal options