Property summary
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,000 square-foot HTeaO restaurant in Katy, Texas. The property boasts a 15-year net lease (NNN) with a strong tenant, HTeaO, the nation's largest privately held iced tea franchisor. The lease commenced December 1st, 2024, and expires November 30th, 2039, featuring three, five-year renewal options and 10% rent bumps every five years. The property sits on a 0.61-acre lot and enjoys 100% occupancy,… generating a Net Operating Income (NOI) of $143,557 and a 6.25% cap rate. Built in 2024, this build-to-suit location is strategically positioned in Harris County, Texas (zip code 77493), at 1935 Avenue D, within the fastest-growing school district in Houston, near major retail corridors (including 6.9 million square feet of existing retail and the new 80-acre Katy Boardwalk District), and benefits from high visibility (31,000+ vehicles per day) and proximity to significant amenities such as a new water park, Katy Mills Mall, and new residential developments. This location is the first HTeaO in Katy and the only one within a 30-mile radius, capitalizing on a captive consumer base. The property's exceptional performance is evidenced by its ranking among the top 10 nationally in store sales during its first month of operation. The absence of state income tax further enhances the investment's attractiveness. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a rapidly expanding market. Asking price is $2,296,912.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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