2340 Texas Heritage Pkwy Katy, TX 77494
- Retail properties
- 19,575 SF
- 1.45 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2340 Texas Heritage Pkwy
- Year built
- 2022
- Lot size
- 1.45 lot acres
- Property size
- 19,575 SF
- Property type
- Retail properties
Description
This exceptional 19,575-square-foot retail strip center, built in 2022, presents a compelling investment opportunity. Located at 2340 Texas Heritage Pkwy in Katy, Texas (77494), this property boasts a 100% occupancy rate and a strong net operating income (NOI) of $625,005, yielding a 6.00% capitalization rate. The asking price is $10,416,758. Situated on a 1.45-acre lot, this single-building center is strategically positioned within Houston's newest affluent, family-oriented master-planned community, approximately four miles west of existing retail, ensuring optimal absorption of Katy's continued growth. Its pedestrian-friendly design promotes high foot traffic, further enhanced by its location on the major north-south thoroughfare, Texas Heritage Parkway. The property benefits from unparalleled integration into this thriving community and exceptional growth potential due to the construction of nearby new master-planned communities. This investment offers a rare combination of prime location, strong performance, and significant future upside.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Katy
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.8859
- Latitude
- 29.7567
