Restaurant
Fogo de Chao | Excellent Sales | Houston MSA - Irreplaceable Location | Adjacent to Costco
222 W Grand Pkwy S, Katy (Houston MSA), TX 77494
Listing Price: $7,692,300
Investment Overview
Katy, Texas is one of the most dynamic and rapidly expanding suburban markets in the United States, strategically positioned approximately 29 miles west of downtown Houston along the Interstate 10 corridor — one of the nation’s most heavily traveled freight and commuter arteries. The Greater Katy area serves as the western gateway to the Houston-The Woodlands-Sugar Land metropolitan statistical area, which ranks among the four largest metros in the country with a regional population exceeding 7.5 million people.
The subject property is located within the heart of this thriving submarket, at the intersection of Interstate 10 and State Highway 99 — the Grand Parkway — which functions as Houston’s primary suburban loop and one of the longest toll roads in the United States. The immediate trade area is anchored by some of the most prestigious and fastest-growing master-planned communities in the nation, including Cinco Ranch, Cross Creek Ranch, Elyson, Firethorne, and Jordan Ranch, collectively representing tens of thousands of established and newly constructed single-family homes serving an exceptionally affluent residential base.
The Greater Katy area is home to an estimated 375,000 residents within the Katy Independent School District boundaries, one of Texas’s highest-rated public school systems and a primary driver of sustained upper-income household migration into the corridor. The area’s median household income of $114,912 significantly exceeds national averages, reflecting a consumer demographic with strong discretionary spending capacity. Fort Bend County, which encompasses a significant portion of the trade area, consistently ranks among the wealthiest and fastest-growing counties in America.
Employment demand is further reinforced by proximity to the Houston Energy Corridor — the nation’s second-largest energy employment district — home to BP, Shell, ConocoPhillips, and Chevron, with over 94,000 workers earning an average annual salary of $86,100, establishing a deep and durable foundation of dining and retail demand throughout this corridor.
Fogo de Chao | Excellent Sales | Houston MSA - Irreplaceable Location | Adjacent to Costco
Investment Highlights
- Long Term NNN Lease (Minimal Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2025 High Quality Construction.
- Affluent Submarket with Strong Demographics and Double-Digit Population Growth - Features an Average Household Income of $133k within and More than 303k People Residing within a 5-Mile Radius.
- Backed by Bain Capital's $1.1 Billion Acquisition - Fogo de Chão Operates 100+ Locations Globally. Founded in 1979, this World-Renowned Brazilian Churrascaria is Backed by Bain Capital.
- Exceptional Traffic Exposure - 221k+ Combined VPD at the I-10 / State Highway 99 Interchange where Interstate 10 Intersects SH-99, one of Houston's Busiest Interchanges, a Massive Daily Audience of Commuters and Shoppers Passes this Site.
- Irreplaceable Location on SH-99 / Grand Parkway - Texas's Fastest-Growing Toll Corridor Grand Parkway Serves as Houston's Primary Suburban Loop, Connecting Katy, Sugar Land, The Woodlands, and Cypress with Unmatched Regional Visibility.
- Directly Adjacent to Costco Wholesale, One of America's Highest-Traffic Retail Anchors - This 150k+ SF Warehouse Club Generates Millions of Annual Customer Trips, ensuring a Constant Flow of High-Spending Consumers Passing this Property Daily.
- Minutes from Katy Mills Mall, a Simon-Owned 1.3 Million SF Outlet Destination - This 175+ Store Simon-Owned Outlet Mall Draws an Estimated 10–12 Million Annual Shoppers, Concentrating Enormous Regional Traffic along the I-10 and Grand Parkway Corridor.
- Memorial Hermann, Houston Methodist & Texas Children's Hospital Systems Generate Consistent Daytime Dining Demand from Thousands of Medical Professionals, Support Staff, and Patient Families Dining throughout the West Katy Trade Area. Near Cinco Ranch - a 8,092-Acre Nationally Ranked Master-Planned Community with 15,000+ Single-Family Homes delivers an Enormous, Established, and Affluent Residential Demand Base Located Just Minutes from the Subject Property.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Restaurant
Fogo de Chao | Excellent Sales | Houston MSA - Irreplaceable Location | Adjacent to Costco
Listing Price: $7,692,300
Investment Highlights
- Long Term NNN Lease (Minimal Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2025 High Quality Construction.
- Affluent Submarket with Strong Demographics and Double-Digit Population Growth - Features an Average Household Income of $133k within and More than 303k People Residing within a 5-Mile Radius.
- Backed by Bain Capital's $1.1 Billion Acquisition - Fogo de Chão Operates 100+ Locations Globally. Founded in 1979, this World-Renowned Brazilian Churrascaria is Backed by Bain Capital.
- Exceptional Traffic Exposure - 221k+ Combined VPD at the I-10 / State Highway 99 Interchange where Interstate 10 Intersects SH-99, one of Houston's Busiest Interchanges, a Massive Daily Audience of Commuters and Shoppers Passes this Site.
- Irreplaceable Location on SH-99 / Grand Parkway - Texas's Fastest-Growing Toll Corridor Grand Parkway Serves as Houston's Primary Suburban Loop, Connecting Katy, Sugar Land, The Woodlands, and Cypress with Unmatched Regional Visibility.
- Directly Adjacent to Costco Wholesale, One of America's Highest-Traffic Retail Anchors - This 150k+ SF Warehouse Club Generates Millions of Annual Customer Trips, ensuring a Constant Flow of High-Spending Consumers Passing this Property Daily.
- Minutes from Katy Mills Mall, a Simon-Owned 1.3 Million SF Outlet Destination - This 175+ Store Simon-Owned Outlet Mall Draws an Estimated 10–12 Million Annual Shoppers, Concentrating Enormous Regional Traffic along the I-10 and Grand Parkway Corridor.
- Memorial Hermann, Houston Methodist & Texas Children's Hospital Systems Generate Consistent Daytime Dining Demand from Thousands of Medical Professionals, Support Staff, and Patient Families Dining throughout the West Katy Trade Area. Near Cinco Ranch - a 8,092-Acre Nationally Ranked Master-Planned Community with 15,000+ Single-Family Homes delivers an Enormous, Established, and Affluent Residential Demand Base Located Just Minutes from the Subject Property.
Investment Overview
Katy, Texas is one of the most dynamic and rapidly expanding suburban markets in the United States, strategically positioned approximately 29 miles west of downtown Houston along the Interstate 10 corridor — one of the nation’s most heavily traveled freight and commuter arteries. The Greater Katy area serves as the western gateway to the Houston-The Woodlands-Sugar Land metropolitan statistical area, which ranks among the four largest metros in the country with a regional population exceeding 7.5 million people. The subject property is located within the heart of this thriving submarket, at the intersection of Interstate 10 and State Highway 99 — the Grand Parkway — which functions as Houston’s primary suburban loop and one of the longest toll roads in the United States. The immediate trade area is anchored by some of the most prestigious and fastest-growing master-planned communities in the nation, including Cinco Ranch, Cross Creek Ranch, Elyson, Firethorne, and Jordan Ranch, collectively representing tens of thousands of established and newly constructed single-family homes serving an exceptionally affluent residential base. The Greater Katy area is home to an estimated 375,000 residents within the Katy Independent School District boundaries, one of Texas’s highest-rated public school systems and a primary driver of sustained upper-income household migration into the corridor. The area’s median household income of $114,912 significantly exceeds national averages, reflecting a consumer demographic with strong discretionary spending capacity. Fort Bend County, which encompasses a significant portion of the trade area, consistently ranks among the wealthiest and fastest-growing counties in America. Employment demand is further reinforced by proximity to the Houston Energy Corridor — the nation’s second-largest energy employment district — home to BP, Shell, ConocoPhillips, and Chevron, with over 94,000 workers earning an average annual salary of $86,100, establishing a deep and durable foundation of dining and retail demand throughout this corridor.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
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