The building was constructed using first class building materials with numerous design and aesthetic enhancements. The subject property is leased by a prominent mix of successful regional businesses in diversified economic sectors with alternating prime business hours for good traffic parking synergy. All seven tenants are on 10-Year NNN leases with tenants reimbursing for all operating expenses.
The retail market is a densely populated, affluent Houston suburb with an average household income of $176,000 within a 5-mile radius. Prominent tenants within close proximity include a Walmart Supercenter, TJ Maxx, Petsmart, and Starbucks. Located along FM 1463 (16,034 VPD) and near the intersection of FM 1093 (26,189 VPD), the asset benefits from strong traffic flow. The subject property is located between the Cross Creek Ranch and the Cinco Ranch Southwest high-end housing developments, totaling 7,450 housing units. Cinco Ranch Southwest is part of the larger Cinco Ranch master planned development with over 15,000 homes. Katy is a rapidly growing suburb of Houston, the fourth largest MSA in the country.
