Newly Renovated Fogo de
For Sale
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222 W Grand Pkwy S, Katy, TX 77494
NNN leased Fogo de Chao in Katy, Texas for sale.
Property Size8,573 SF
Price / SF$933.16
Days on Market201
Property Features for 222 W Grand Pkwy S
General Information
Standard status
Active
Size
8,573 SF
Total Parking Spaces
108
Property subtype
Retail
Zoning
Commercial
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$500,000
Building Details
Year Built
2017
Year Renovated
2025
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #01912215
Source:
Crexi
Added: Jan 21
Changed: Aug 8
Last Checked: Jul 31 at 2:15PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Brand new 15‑year NNN lease with Fogo de Chao, demonstrating long‑term commitment.
- Strategic location off Interstate 10 with high traffic volume (over 215,000 vehicles daily).
- Located in an affluent area with a 5‑mile average household income of $141,288.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,210
Businesses Nearby
Explore this area
Business Placement
Demographics for 77494, TX
130,872
Population
44,520
Households
2.9
Avg Household Size
35
Median Age
66%
College-Educated
96%
High-School Grad
37.9 sq mi
ZIP Area
3,453
Density / Sq Mi
$146,105
Median Household Income
$68,773
Median Earnings
$2,044
Median Rent
$450,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - NNN leased Fogo de Chao in Katy, Texas for sale.
Where is this nnn property located?
The property is located at 222 W Grand Pkwy S Katy, TX.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Brand new 15‑year NNN lease with Fogo de Chao, demonstrating long‑term commitment.; Strategic location off Interstate 10 with high traffic volume (over 215,000 vehicles daily).; Located in an affluent area with a 5‑mile average household income of $141,288.
