1140 Mason Rd Katy, TX 77450-3841
This exceptional 4,182 square foot auto shop, located at 1140 S Mason Rd in Katy, Texas (77450), presents a rare investment opportunity. Situated on a 0.71-acre lot, the property boasts a strong 100% occupancy rate under a single-tenant lease with 19.2 years remaining (commencing February 9, 2024, and expiring February 9, 2044). The lease includes five 5-year renewal options, providing long-term stability and predictable income. The building was renovated in 1998. This prime location benefits from high traffic volume, with a reported 42,053 vehicles passing daily. The surrounding area demonstrates strong demographics, featuring a population of 306,754 within a 5-mile radius and an average household income exceeding $139,070 within a 3-mile radius. The property's proximity to I-10 (less than 2 miles south on Mason Road) ensures excellent accessibility and visibility. This is an ideal investment for those seeking a stable, long-term income stream in a high-growth area. The property is classified as retail, with an auto shop subtype.
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Clutch Automotive - Mason Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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