

777 Cane Island
Retail | 4.46% CAP | 1,450 SqFt
Marketing description
Newly constructed 1,450 sq ft building will be tenant occupied by a coffee shop under a new 5 year lease with 5 year option, 1.5% annual increases, generating $58,000 NOI and offering a 4.46% CAP rate.
Conveniently located at the corner of HWY 90 and Cane Island Pkwy. features a drive-thru, offering convenience and accessibility in a high traffic area, making it an ideal choice for those seeking a prime location in a prestigious community.. Direct curb-cut access from HWY 90, 2 main entrances, 14 parking spaces, and a drive-thru window. Right across from the building is the prestigious Cane Island community, which features homes valued between $200K and $1M. Within a 5-mile radius of this property, there are approximately 50,000 homes to market to. Additionally, the lot is just 2 minutes from the Katy Freeway and a 24-hour Buc-ee's. Don't miss this opportunity!
Investment highlights
$58,000 NOI
4.46% CAP
Tenant occupied - 5 year term
Newly constructed building
Adjacent to West Ten Business Center
Surrounded by multiple prestigious Katy Communities
Direct access to Highway 90
Land: .596 Acres Approximately
Sale Price: $1,300,00
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