4846 Fm 1463 Rd Katy, TX 77494

This exceptional investment opportunity presents a 22,802 square foot, multi-tenant retail property located at 4846 FM 1463 in Katy, Texas, within the thriving Houston MSA. The property, built in 2017, sits on a 2.57-acre lot and boasts a strong NOI of $769,974, resulting in a compelling 6.25% cap rate. Currently housing ten tenants, including prominent national brands like Orangetheory Fitness and Vision Source, this center benefits from a robust lease structure with built-in rent bumps. The property is strategically positioned at the entrance to Cross Creek Ranch, a rapidly expanding 3,200-acre master-planned community projected to have over 7,000 homes. This prime location is further enhanced by its proximity to new schools and enjoys exceptional demographics, with average household incomes exceeding $200,000 within a one-mile radius. The center is anchored by a significant 101,000 square foot H-E-B grocery store, driving substantial foot traffic and contributing to the overall success of the property. This Net Lease investment is offered at $12,320,000 and is suitable for a 1031 exchange. The property's strong tenant mix, prime location, and impressive financial performance make it an ideal addition to any diversified portfolio. The property offers a compelling combination of stability and growth potential within a rapidly developing area.