Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Shops at Young Ranch, a 14,784-square-foot, 100 percent occupied multi-tenant retail center built in 2019 and located at 29711 Kingsland Boulevard in Katy, Texas. The center sits directly off Texas Heritage Parkway — the primary north-south thoroughfare off Interstate 10 — and is surrounded by three master-planned communities totaling over 7,000 homes: Jordan Ranch (3,000 planned), Young Ranch (1,000 planned), and Firethorne (3,000+). The property offers meaningful long-term upside by raising rents, with base rents currently averaging $30.60/SF. Similar nearby retail centers are achieving rents up-to twenty percent higher. The asset is centrally located within a rapidly growing area of Katy. 0.5 Miles north of the property is the forthcoming Texas Heritage Marketplace, a $400M Target-anchored development also bringing Sam’s Club, Lowe’s, and EOS Fitness. The H-E-B-anchored Jordan Ranch Market is located 0.8 miles south of the property. Shops at Young Ranch is offered at $6,922,000 ($468/SF), representing a 6.54 percent cap rate on in place NOI of $452,353.