1301 Fry Rd Katy, TX 77449-3343

Property Details for 1301 Fry Rd

Year built

1996

Construction

BRICK

Lot size

0.39 lot acres

Property size

3,200 SF

Property type

Retail space

APN

1176800010006

APU

1176800010006

Description

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.