1301 Fry Rd Katy, TX 77449-3343

This exceptional investment opportunity presents a 3,200-square-foot Voodoo Doughnut located at 1301 N Fry Rd, Katy, TX 77449. The property is a single-tenant, net-leased (NNN) retail building, classified as Class B, built in 1996 and renovated in 2022. The property boasts a 100% occupancy rate with a corporate guarantee from Voodoo Doughnut, a rapidly expanding brand with over 22 locations nationwide. The current lease, a ground lease, has a remaining term of 13.3 years, expiring February 28, 2038, and includes rent bumps. Situated on a high-traffic outparcel of a Walmart, this location benefits from a strong trade area of nearly 200,000 people with an average household income exceeding $100,000. The property is part of a premier retail node attracting over 9 million visitors annually and is strategically located within 30 miles of Houston, a major metropolitan area. The asking price is $2,855,000, representing a 6.50% cap rate and a price per square foot of $892.19. The property's Net Operating Income (NOI) is $185,600. This location is the top-performing Voodoo Doughnut in Texas and a highly successful Walmart outparcel. The area has experienced significant population growth, with a 34% increase over the past decade. The property's location on North Fry Road, with over 45,000 vehicles passing daily, ensures high visibility and accessibility. This is a rare opportunity to acquire a high-performing, well-located retail asset with a strong tenant and significant long-term growth potential.