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Shopping Neighborhood

Mission at Katy Mills

600 Katy Fort Bend Rd, Katy, TX 77494

Listing Price: $12,864,000

Cap Rate
7.50%
Rentable SF
58,309
Lot Size
5.00 acres
Year Built
2007

Investment Overview

The subject property is a 58,309 square foot shopping center located in the high growth area of Katy, Texas. The center is just south of Interstate 10 at the signalized intersection of Katy Mills Drive and Katy Fort Bend near Katy Mills Mall. It is directly across the street from Typhoon Texas Water Park, Walmart and several other national retailers. The property is approximately one quarter of a mile from the Katy Boardwalk District. This new development will feature a full-service conference center hotel, 319 luxury loft residences, 155,000 square feet of retail, dining and entertainment space, as well as approximately 60,000 square feet of office space, all anchored by a newly constructed 90-acre lake and nature preserve. The center is 95.4 percent occupied and offers an investor a unique opportunity to acquire a property in the Katy submarket. All operating expenses, insurance, and taxes are reimbursed by the tenants. The center benefits from great demographics which boasts $130,928 average household incomes and a population of 91,844 within three miles. Katy, Texas is home to many leading master planned communities which drive the growth in the area.

Investment Highlights

  • Located in Katy, Texas | Across From Katy Mills Mall
  • Three Mile Radius: $130,928 AHHI | 91,844 Population
  • Next to Katy Boardwalk District (Town Center Development)
  • National and Local Tenants

Exclusively Listed By

Financing By

Shopping Neighborhood

Mission at Katy Mills

Listing Price: $12,864,000

Cap Rate
7.50%
Rentable SF
58,309
Lot Size
5.00 acres
Year Built
2007

Investment Highlights

  • Located in Katy, Texas | Across From Katy Mills Mall
  • Three Mile Radius: $130,928 AHHI | 91,844 Population
  • Next to Katy Boardwalk District (Town Center Development)
  • National and Local Tenants

Investment Overview

The subject property is a 58,309 square foot shopping center located in the high growth area of Katy, Texas. The center is just south of Interstate 10 at the signalized intersection of Katy Mills Drive and Katy Fort Bend near Katy Mills Mall. It is directly across the street from Typhoon Texas Water Park, Walmart and several other national retailers. The property is approximately one quarter of a mile from the Katy Boardwalk District. This new development will feature a full-service conference center hotel, 319 luxury loft residences, 155,000 square feet of retail, dining and entertainment space, as well as approximately 60,000 square feet of office space, all anchored by a newly constructed 90-acre lake and nature preserve. The center is 95.4 percent occupied and offers an investor a unique opportunity to acquire a property in the Katy submarket. All operating expenses, insurance, and taxes are reimbursed by the tenants. The center benefits from great demographics which boasts $130,928 average household incomes and a population of 91,844 within three miles. Katy, Texas is home to many leading master planned communities which drive the growth in the area.

Exclusively Listed By

Financing By

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