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31252730
31252731

1815 S Mason Rd, Katy, TX 77450

JZ
AZ BR509621000
Commercial Investment Advisors (CIA) Texas
Listed by Commercial Investment Advisors (CIA) Texas
$3,524,000
71 days on market
Updated 36 days ago

KATY RETAIL – KATY, TX

Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 8,737
Net Rentable (SqFt) 8,737
Cap Rate 7.00%
NOI $246,646
Occupancy 100%
Tenancy Multi
Brand/Tenant Krispy Kreme
Lease Type Absolute NNN
Lease Expiration 10/31/2035
Remaining Term 9.6
Broker Co-Op Yes
Buildings 1
Stories 1
Acreage 1.080
Zoning C
Investment Type Net Lease
Ownership (Building & Land) Fee Simple

Retail | 7.00% CAP | 8,737 SqFt

Marketing description

Distances:

    • Katy → Downtown Houston: ~30 miles (≈30–45 min depending on traffic)

Growth story (this is why investors are paying attention)

Population growth

    • Katy has grown ~35% since 2020
    • Katy itself saw ~25% growth from 2019–2024

Regional expansion (the bigger picture)

The broader Katy-area region:

    • Grew from ~406K (2000) → 1.06M+ (2025)
    • Expected to keep growing through 2030

This is a major suburban growth corridor, not just a small town story.

Income + demographics (very strong for Texas)

    • Median household income: ~$114K+
    • Above Texas average significantly
    • High concentration of:
    • Families
    • Professionals
    • Dual-income households

This supports:

    • Higher rents
    • Stable home values
    • Retail demand

Development pipeline (this is what drives appreciation)

Massive retail + mixed-use expansion

    • $400M retail project underway (Texas Heritage Marketplace)
    • Includes:
    • Big-box retail (Target, Lowe’s, etc.)
    • Restaurants + lifestyle centers
    • Walkable, community-oriented design

This matters because:

    • Retail follows rooftops
    • Then attracts more rooftops (positive feedback loop)

Healthcare expansion

    • ~$280M hospital expansion in Katy

Healthcare is one of the strongest long-term real estate drivers

Investment highlights

· Texas is an income tax-free State

· ABSOLUTE NNN LEASE: Tenants are responsible for all expenses

· TRAFFIC COUNTS: S Mason Rd - 22,855 CPD | Winding Hollow Dr - 1,336 CPD

· 2025 DEMOGRAPHICS: Total Population (5MI): 294,262 | Average Household Income (3MI): $149,473

Listing Contacts

JZ
AZ BR509621000
Commercial Investment Advisors (CIA) Texas
Listed by Commercial Investment Advisors (CIA) Texas

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$246,646.00
$20,553.83/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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