Property History
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Marketing Description
NAI Partners is pleased to present for sale Royal Montreal Plaza, a 40,094 square foot multi-tenant retail shopping center located at 2004 S Mason Road in Katy, Texas. The property is 88.5% occupied with rates 10% below market and is priced at a 6.0% CAP on current income. Royal Montreal Plaza offers investors attractive upside and a 7.5% CAP at stabilization.
Royal Montreal is located in Katy, Texas which was ranked as the #1 fastest growing city in the U.S. by the Dallas Morning News. It is situated directly on Mason Road, a major thoroughfare in Katy, and sits near Interstate I-10, the largest freeway in the U.S. The shopping center is surrounded by high-density and wealthy residential neighborhoods, the foremost being Cinco Ranch. It is also in close proximity to LaCenterra and Katy Mills Mall, which both serve as major drivers of retail traffic and combine to employ over 4,500 people. Royal Montreal’s irreplaceable location provides an investor long-term value and stable income for the foreseeable future.
Investment Highlights
- 88.5% Occupied
- Located In The Heart Of Katy, TX Within The Award-Winning Cinco Ranch Master Planned Community
- Upside Potential Via Lease-up And Rent Growth
- Below Replacement Cost
- 7.5% Stabilized CAP
- 40,094 SF/5.59 Acres
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
Contacts
Listing removed on
BY:
Joshua Lass-Sughrue PRO
•••.•••.4596
jls@••••••.com
JLS Real Estate
Listing removed on
BY:
Davis Amanyisye, CCIM PRO
•••.•••.1435
•••••.•••••isye@••••••.com
JLS Real Estate
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