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Restaurant

Brand New Dunkin' w/ Dual D-Thru | 15Yr NNN Ground | Across New Home Depot | Affluent Houston Suburb

136 Cane Island Pkwy, Katy (Houston MSA), TX 77494

Listing Price: $2,450,000

Cap Rate
5.10%
Tenant Name
Dunkin' Donuts
Years Remaining On Lease
15.5
Gross SF
1,861
Guarantor
Franchisee Guarantee
Rentable SF
1,861
Price/Gross SF
$1,316.50
Lease Type
NNN Ground Lease
Rent Per Square Feet
$67.17

Investment Overview

Katy, Texas, situated in Fort Bend County just southwest of Houston, is part of one of the most dynamic and fastest-growing regions in the United States. Fort Bend County has consistently ranked among the top counties nationwide for population growth, expanding more than 16% since 2020 and projected to reach nearly 1.8 million residents by 2050. This rapid expansion is supported by the area’s reputation for high quality of life, excellent schools, and an expanding network of master-planned communities.

The region benefits from strong household demographics, with median household incomes in Fort Bend County exceeding $113,000, well above state and national averages. A young and family-oriented population further fuels long-term consumer demand, while a diverse labor force of over 300,000 workers within the county—and more than 1.5 million across the Houston metro within a 45-minute commute—ensures a robust and sustainable economic base.

Infrastructure investment continues to drive growth. Significant improvements to FM 1093, the Westpark Tollway, and the Grand Parkway (SH 99) are enhancing east-west and north-south connectivity, linking Katy to major employment and residential centers across Houston. These upgrades not only alleviate congestion but also expand the reach of residential and commercial development deeper into the county.

Economic resilience in Fort Bend stems from a diverse industry base that includes energy, healthcare, logistics, education, and advanced manufacturing. Employment growth across these sectors strengthens daytime activity and provides long-term demand drivers for retail, residential, and hospitality development. Complementing this economic foundation, Fort Bend has emerged as one of the most ethnically diverse counties in the nation, cultivating a vibrant cultural and consumer landscape.

Investment Highlights

  • 15 Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2026 High Quality Construction Featuring a Dual Drive-Thru Lane.
  • The Tenant is a Subsidiary of the Dhanani Group, one of the Largest Restaurant Franchisee in the U.S. and the Largest Dunkin' Franchisee in Texas. Dhanani Operates more than 900 Stores.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access & Excellent Visibility along Cane Island Pkwy. Immediate Access to/from Interstate 10 (69k+ VPD).
  • Affluent Submarket with Strong Demographics and Double-Digit Population Growth - features an Average Household Income of $172k within a 1-Mile Radius, and more than 194k People Residing within a 5-Mile Radius.
  • Located at the Heart of West Katy's Fastest-Growing Retail Corridor - Cane Island Parkway has Emerged as West Katy's Premier Retail Corridor, Anchored by Home Depot, Buc-ee's, and a Wave of Incoming National Tenants.
  • The Interchange Of I-10 and Cane Island Parkway has become a Major Activity Node, with Significant new Retail, Residential, and Hospitality Development Concentrating around this High-Visibility Intersection.
  • Adjacent to the New Home Depot-Anchored Retail Center - Serves as a Dominant Traffic Anchor, Drawing Consistent High-Frequency Shoppers to this Immediate Retail Node Daily.
  • Immediate Proximity to Katy Mills Mall - a 1.3M+ Sq.Ft. Major Regional Shopping Destination with More than 160 Stores, Restaurants, and Entertainment Venues Drawing Millions of Visitors Annually. Minutes from $400 Million Texas Heritage Marketplace Development - a 165-Acre, 1-Million-Square-Foot Mixed-Use Project Anchored by Target, Lowe's, and a Wholesale Club, is Delivering First Tenants Steps from this Location in 2026.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • David Kern

    Managing Director Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Restaurant

Brand New Dunkin' w/ Dual D-Thru | 15Yr NNN Ground | Across New Home Depot | Affluent Houston Suburb

Listing Price: $2,450,000

Cap Rate
5.10%
Tenant Name
Dunkin' Donuts
Years Remaining On Lease
15.5
Gross SF
1,861
Guarantor
Franchisee Guarantee
Rentable SF
1,861
Price/Gross SF
$1,316.50
Lease Type
NNN Ground Lease
Rent Per Square Feet
$67.17

Investment Highlights

  • 15 Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2026 High Quality Construction Featuring a Dual Drive-Thru Lane.
  • The Tenant is a Subsidiary of the Dhanani Group, one of the Largest Restaurant Franchisee in the U.S. and the Largest Dunkin' Franchisee in Texas. Dhanani Operates more than 900 Stores.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access & Excellent Visibility along Cane Island Pkwy. Immediate Access to/from Interstate 10 (69k+ VPD).
  • Affluent Submarket with Strong Demographics and Double-Digit Population Growth - features an Average Household Income of $172k within a 1-Mile Radius, and more than 194k People Residing within a 5-Mile Radius.
  • Located at the Heart of West Katy's Fastest-Growing Retail Corridor - Cane Island Parkway has Emerged as West Katy's Premier Retail Corridor, Anchored by Home Depot, Buc-ee's, and a Wave of Incoming National Tenants.
  • The Interchange Of I-10 and Cane Island Parkway has become a Major Activity Node, with Significant new Retail, Residential, and Hospitality Development Concentrating around this High-Visibility Intersection.
  • Adjacent to the New Home Depot-Anchored Retail Center - Serves as a Dominant Traffic Anchor, Drawing Consistent High-Frequency Shoppers to this Immediate Retail Node Daily.
  • Immediate Proximity to Katy Mills Mall - a 1.3M+ Sq.Ft. Major Regional Shopping Destination with More than 160 Stores, Restaurants, and Entertainment Venues Drawing Millions of Visitors Annually. Minutes from $400 Million Texas Heritage Marketplace Development - a 165-Acre, 1-Million-Square-Foot Mixed-Use Project Anchored by Target, Lowe's, and a Wholesale Club, is Delivering First Tenants Steps from this Location in 2026.

Investment Overview

Katy, Texas, situated in Fort Bend County just southwest of Houston, is part of one of the most dynamic and fastest-growing regions in the United States. Fort Bend County has consistently ranked among the top counties nationwide for population growth, expanding more than 16% since 2020 and projected to reach nearly 1.8 million residents by 2050. This rapid expansion is supported by the area’s reputation for high quality of life, excellent schools, and an expanding network of master-planned communities. The region benefits from strong household demographics, with median household incomes in Fort Bend County exceeding $113,000, well above state and national averages. A young and family-oriented population further fuels long-term consumer demand, while a diverse labor force of over 300,000 workers within the county—and more than 1.5 million across the Houston metro within a 45-minute commute—ensures a robust and sustainable economic base. Infrastructure investment continues to drive growth. Significant improvements to FM 1093, the Westpark Tollway, and the Grand Parkway (SH 99) are enhancing east-west and north-south connectivity, linking Katy to major employment and residential centers across Houston. These upgrades not only alleviate congestion but also expand the reach of residential and commercial development deeper into the county. Economic resilience in Fort Bend stems from a diverse industry base that includes energy, healthcare, logistics, education, and advanced manufacturing. Employment growth across these sectors strengthens daytime activity and provides long-term demand drivers for retail, residential, and hospitality development. Complementing this economic foundation, Fort Bend has emerged as one of the most ethnically diverse counties in the nation, cultivating a vibrant cultural and consumer landscape.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • David Kern

    Managing Director Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

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