Katy TX Nec Morton Rd & Katy Hockley Cutoff Rd, Katy, TX 77493
- Retail properties & Spaces
- 3,686 SF
- 1.54 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for Katy TX Nec Morton Rd & Katy Hockley Cutoff Rd
- Year built
- 2024
- Lot size
- 1.54 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents the chance to acquire a fee-simple interest in a 3,686 square foot, freestanding McDonald's restaurant located at the northeast corner of Morton Road and Katy Hockley Cutoff Road in Katy, Texas. The property benefits from a 20-year absolute NNN ground lease with a corporate guarantee, offering significant long-term stability and minimal landlord responsibilities. Rent increases are structured with 10% bumps every five years, ensuring consistent income growth. The lease includes six five-year renewal options, further extending the investment's potential. The property sits on a 1.54-acre lot and boasts a 3.75% cap rate with a current NOI of $130,000. Built in 2024, this McDonald's enjoys a 100% occupancy rate. Its strategic location is a pad site to the new Market at Katy Park development, a grocery-anchored retail center featuring a large H-E-B grocery store, the only one within a three-mile radius, and numerous other retail spaces. The area demonstrates strong demand characteristics, with an average household income exceeding $135,000 within a one-mile radius and a remarkable 177% population growth since 2010. The property's proximity to Katy Park, a 100-acre sports complex attracting over 700,000 annual visitors, further enhances its appeal. The ground lease has 20 years remaining. This is a rare opportunity to invest in a highly sought-after, established brand in a rapidly growing market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Katy
- County
- Harris
- State
- Texas
- Longitude
- -95.8091
- Latitude
- 29.8168
