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21013806
21013805

777 Cane Island Pkwy, Katy, TX 77493

JR
TX 303477
KW Commercial Signature
Listed by KW Commercial Signature
$1,300,000
683 days on market
Updated 1 day ago

777 Cane Island

Details
APN 257909
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Square Footage 1,450
Net Rentable (SqFt) 1,450
Units 1
Cap Rate 4.46%
NOI $58,000
Occupancy 100%
Tenancy Single
Brand/Tenant Coffee
Lease Type NNN
Lease Term 5.4
Lease Expiration 01/01/2031
Remaining Term 4.6
Rent Bumps Yes
Lease Options 5 year option + option to purchase
Price per SqFt $897
Year Built 2024
Buildings 1
Stories 1
Acreage 0.596
Parking Spaces 14 spaces
Parking Per SqFt 9.66
Investment Type Net Lease
Lease Commencement 08/01/2025
Occupancy Date 08/01/2025
Ground Lease No

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

Listing Contacts

JR
TX 303477
KW Commercial Signature
Listed by KW Commercial Signature

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$58,000.00
$4,833.33/mo

Valuation Metrics

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DSCR
4.46%
Cap Rate
4.46%
ROI

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Additional Information

Name
Joe Rothchild
License
303477
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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