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Shopping Community

World Theatre & Event Center

1012 Mason Rd, Katy, TX 77450

Listing Price: $3,574,000

Cap Rate
8.00%
Gross SF
11,600
Rentable SF
11,600
Price/Gross SF
$308.10
Lot Size
1.62 acres
Year Built
1990

Investment Overview

The offering includes two buildings consisting of 6,600 square feet and 5,000 square feet in Katy, TX. The asset is situated on 1.62 acres and fronts on Mason Road with great visibility. There are two points of entry with parking space in the front and back side of the building. One building has several rooms that occupy dance studios and a church. The other building includes an enormous theatre for productions and can seat around 300+. The subject property also has seven food trucks. All stated tenants are currently under annual rental agreements. Eighteen other tenants are under agreements for the year with specified time frames. Apart from these agreements, additional rental income is collected from special events held in the theatre with agreed upon leases for stated periods of time. The theatre averages around 2-3 events per month. The subject property is located in a highly dense region of Katy and offers investors a unique opportunity to acquire property in the prosperous Katy submarket. The asset is surrounded by Grand Park Plaza, new apartments, schools, H-E-B, CVS, and several other national retailers. This is a a great opportunity for investors seeking active involvement in an area with very favorable demographics. Within a one, three, and five mile radius, the population totals over 21,361, 130,147, and 299,160. Average household incomes are $104,203, $137,941, and $133,816 within a one, three, and five mile radius respectively.

Investment Highlights

  • Opportunity To Collect Additional Annual Income
  • Frontage On Mason Road
  • Diversified Tenant Mix
  • Three Mile Radius: $137,941 AHHI | 130,147 Population
  • High Cash Yield

Exclusively Listed By

Financing By

Shopping Community

World Theatre & Event Center

Listing Price: $3,574,000

Cap Rate
8.00%
Gross SF
11,600
Rentable SF
11,600
Price/Gross SF
$308.10
Lot Size
1.62 acres
Year Built
1990

Investment Highlights

  • Opportunity To Collect Additional Annual Income
  • Frontage On Mason Road
  • Diversified Tenant Mix
  • Three Mile Radius: $137,941 AHHI | 130,147 Population
  • High Cash Yield

Investment Overview

The offering includes two buildings consisting of 6,600 square feet and 5,000 square feet in Katy, TX. The asset is situated on 1.62 acres and fronts on Mason Road with great visibility. There are two points of entry with parking space in the front and back side of the building. One building has several rooms that occupy dance studios and a church. The other building includes an enormous theatre for productions and can seat around 300+. The subject property also has seven food trucks. All stated tenants are currently under annual rental agreements. Eighteen other tenants are under agreements for the year with specified time frames. Apart from these agreements, additional rental income is collected from special events held in the theatre with agreed upon leases for stated periods of time. The theatre averages around 2-3 events per month. The subject property is located in a highly dense region of Katy and offers investors a unique opportunity to acquire property in the prosperous Katy submarket. The asset is surrounded by Grand Park Plaza, new apartments, schools, H-E-B, CVS, and several other national retailers. This is a a great opportunity for investors seeking active involvement in an area with very favorable demographics. Within a one, three, and five mile radius, the population totals over 21,361, 130,147, and 299,160. Average household incomes are $104,203, $137,941, and $133,816 within a one, three, and five mile radius respectively.

Exclusively Listed By

Financing By

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