222 W Grand Pkwy S Katy, TX 77494

This is a fee simple interest (land & building ownership) in a NNN leased, newly-renovated Fogo de Chao investment property located in Katy, Texas (Houston MSA). The tenant, Fogo de Chao Churrascaria (Katy) LLC, recently signed a brand new 15-year lease with 4 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is NNN with minimal landlord responsibilities. The property is located right off of Interstate 10, where over 215,000 vehicles pass by daily. The Fogo de Chao is adjacent to a 150,000+ square foot Costco Wholesale and within walking distance to several apartment complexes, including Soneto on Western (330 units) and Encore Motif (240 units). It is also in close proximity to Katy Mills, featuring over 1.6 million square feet of retail space. The property is in the center of a primary retail corridor with other nearby national tenants including a Walmart Supercenter, H-E-B, Kohl’s, Academy Sports & Outdoors, Ross, PetSmart, and Buc-ee’s. The 5-mile trade area is supported by a population of over 298,900 residents and 81,000 employees. Residents within 5 miles of the subject property boast an average household income of $141,288. The property size is 8,573 square feet.