309 Mason Rd, Katy, TX 77450
- Drive through restaurants
- 3,076 SF
- 0.56 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 309 Mason Rd
- Year built
- 2014
- Construction
- BRICK
- Lot size
- 0.56 lot acres
- Property type
- Drive through restaurants
- APN
- 1071210000024
- APU
- 1071210000024
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 30, 2014 | — | 309 Mason Corner LLC | Jcb Properties Ltd | Grant Deed · related | — |
Description
This exceptional investment opportunity presents a fee-simple ownership of a 3,076 square foot El Pollo Loco restaurant located at 309 S Mason Rd, Katy, TX 77450. The property boasts a strong 10.2-year remaining lease term (expiring 01/31/2035), commencing 01/06/2015, with a corporate guarantee and 10% rent bumps every five years. The property features a 5.00% cap rate and a current NOI of $96,800, with a sale price of $1,936,000 ($629.39/sq ft). Situated on a 0.56-acre lot with 26 parking spaces, the single-story building (built and renovated in 2014) benefits from its prime location at a signalized intersection off Interstate 10, experiencing high traffic counts (Mason Road: 45,849 CPD
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Katy
- County
- Harris
- State
- Texas
- Longitude
- -95.7522
- Latitude
- 29.7802
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
