5536 Peek Rd Katy, TX 77450

Grand Lakes Shopping Center, located at 5536 S Peek Rd, Katy, TX 77450, presents a compelling investment opportunity in the thriving Katy submarket of Fort Bend County. This well-established shopping center, situated at the entrance to Grand Lakes, boasts a total of 25,947 square feet across two single-story buildings, encompassing 12 suites. Currently, 2,555 square feet of retail space is available, with individual suites ranging from 1,050 to 2,555 square feet, ideal for a variety of retail, medical, office, or restaurant uses. The property features ample parking with 73 spaces and benefits from a 42 building FAR. Renovated in 2012, the center enjoys a strategic location at the intersection of Peek Road and Fry Road, serving as the only community center at this prime intersection. The center draws a significant customer base from within a 5-mile radius, with a substantial portion of traffic originating from within 2 miles. The surrounding area boasts a high average household income exceeding $150,000, indicating significant disposable income among potential customers. This property offers a unique blend of established tenancy and available space, promising strong returns for the discerning investor.