20350 Park Row Dr Katy, TX 77449-5085
- Grocery and convenience stores
- 4,876 SF
- 1.32 lot acres
Current Use by Public Records
- Chevron / Gas Station / Diesel Fuel Supplier
- Jack in the Box / Dessert Restaurant / Hamburger Restaurant
- ATM (ATM Link, Inc.) / Atm
- Comida rica / Hamburger Restaurant
- Taqueria Tacos El Paiza (Food Truck) / Mexican Restaurant
Property Details for 20350 Park Row Dr
- Year built
- 2005
- Construction
- FRAME
- Lot size
- 1.32 lot acres
- Property size
- 4,876 SF
- Property type
- Grocery and convenience stores
- APN
- 260510000219
- APU
- 260510000219
Description
This exceptional investment opportunity presents a fee-simple ownership of a 4,507 square foot multi-tenant retail property in Katy, Texas. The property, located at 20350 Park Row Dr, features a Jack in the Box, Chevron gas station, and convenience store, all operating under a corporate-guaranteed absolute NNN lease. The lease boasts a remaining term of 3.1 years, expiring December 18, 2027, with two 10-year renewal options and fixed 10% rent bumps every five years. The property sits on a sizable 1.32-acre lot, offering significant retail frontage along major roadways, less than half a mile from I-10. Built in 2005 and renovated that same year, the property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $198,552, representing a 6.21% cap rate and a price per square foot of $708.90. This strategically located asset benefits from high traffic counts and strong visibility, making it an ideal investment for those seeking a stable, recession-resistant, and e-commerce-immune income stream. The property's strong tenant mix, coupled with the absolute NNN lease structure and corporate guarantee, minimizes landlord responsibilities and ensures a secure investment. This is a rare opportunity to acquire a high-performing retail property in a rapidly growing area of Houston's MSA. The property's location, tenant strength, and lease terms combine to create a compelling investment proposition with significant long-term potential. The Harris County location and its proximity to major transportation arteries further enhance its appeal.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $395,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $394,000
Market price range: $214k - $395k
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Location Insight
- Map
- Local Demand
- City
- Katy
- County
- Harris
- State
- Texas
- Longitude
- -95.7347
- Latitude
- 29.7904
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
