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Shopping Strip

Shoppes at Churchill Farms

4020 FM 1463, Fulshear, TX 77441

Listing Price: $8,850,000

Cap Rate
7.03%
Gross SF
21,600
Rentable SF
21,600
Price/Gross SF
$409.72
Lot Size
2.36 acres
Year Built
2019

Investment Overview

The subject property is a 100% occupied 21,600 square foot shopping center in Katy, Texas. It is situated at the signalized intersection of FM 1463 and Corbitt road in the Churchill Farms master planned community. The building was constructed in 2019 and is leased to 8 tenants. Tenants in the center are internet resistant tenants that range from restaurants to nail salons to a specialty grocery store. The center is surrounded by multiple nationally top-rated master planned communities such as Cinco Ranch, Cross Creek Ranch and Tamarron. Area retailers include Walgreens, HEB, and Kroger. All leases are NNN allowing for the landlord to recover CAM, taxes, insurance and management fees from tenants. Average household incomes are strong in the area with the average being over $180,000 within a 1-3-5 mile radius. Population is over 12,500 within 3 miles.

Investment Highlights

  • 100% Leased
  • Internet resistant tenancy | All NNN leases
  • Located at signalized intersection with access to Walgreens
  • AHHI above $180,000 within 1-3-5 mile radius

Exclusively Listed By

Financing By

Shopping Strip

Shoppes at Churchill Farms

Listing Price: $8,850,000

Cap Rate
7.03%
Gross SF
21,600
Rentable SF
21,600
Price/Gross SF
$409.72
Lot Size
2.36 acres
Year Built
2019

Investment Highlights

  • 100% Leased
  • Internet resistant tenancy | All NNN leases
  • Located at signalized intersection with access to Walgreens
  • AHHI above $180,000 within 1-3-5 mile radius

Investment Overview

The subject property is a 100% occupied 21,600 square foot shopping center in Katy, Texas. It is situated at the signalized intersection of FM 1463 and Corbitt road in the Churchill Farms master planned community. The building was constructed in 2019 and is leased to 8 tenants. Tenants in the center are internet resistant tenants that range from restaurants to nail salons to a specialty grocery store. The center is surrounded by multiple nationally top-rated master planned communities such as Cinco Ranch, Cross Creek Ranch and Tamarron. Area retailers include Walgreens, HEB, and Kroger. All leases are NNN allowing for the landlord to recover CAM, taxes, insurance and management fees from tenants. Average household incomes are strong in the area with the average being over $180,000 within a 1-3-5 mile radius. Population is over 12,500 within 3 miles.

Exclusively Listed By

Financing By

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