Shopping Strip

Shops at Woodcreek

1433 FM 1463, Katy, TX 77494

Listing Price: $3,400,000

Cap Rate
6.81%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$340.00
Lot Size
1.37 acres
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to offer Shops at Woodcreek (Property) for your consideration. Completed in 2018, the Property consists of a 10,000-square-foot shopping center on a 1.374-acre parcel in the WoodCreek Reserve master-planned community of Katy (Houston MSA), Texas. Shops at Woodcreek is 81.8 percent occupied with NNN leases that provide for full pass-through of the property's expenses including a management fee.

The property's tenants are a desirable mix of retailers that cater to the strong demographics in the submarket. They include Shipley Do-Nuts, Tune Up Manly Salon and Marcos Pizza. Additional prominent retailers in the area include Kroger, Chase Bank, Wendy's, 24-hour Fitness, Christian Brothers, and CubeSmart among others. Fronting on Farm to Market 1463 Road, Shops at Woodcreek offers achievable upside for the savvy investor by way of leasing up the remaining vacancy in an already flourishing retail corridor.

Furthermore, the property's location in the heart of the WoodCreek Reserve community is a tremendous asset. WoodCreek Reserve is a 500-acre master-planned community that offers residents quick access to I-10, the Grand Parkway, Westheimer, Sam Houston Tollway, the Energy Corridor, and Katy Mills Mall. This master-planned community sits on the west side of Houston and is within the boundaries of Katy Independent School District, one of Texas top-performing school districts. As a result, WoodCreek Reserve has attracted some of the strongest demographics in the Houston MSA with average household incomes over $174,000 in a one-mile radius.

Offered for $3,400,000, Shops at Woodcreek provides an investor the opportunity to acquire a recently constructed shopping center with NNN leases and upside through lease-up in one of Houstons fastest-growing, high-demographic communities.

Investment Highlights

  • Recent 2018 Construction
  • 10,000-Square-Foot Shopping Center | 1.374-Acre Parcel
  • NNN Leases | Staggered Rent Roll | Attractive Retail Corridor
  • Strong Demographics | 174,000+ Average Household Income in 1-Mile
  • Desirable WoodCreek Reserve Master Planned Community Location

Exclusively Listed By

Shopping Strip

Shops at Woodcreek

Listing Price: $3,400,000

Cap Rate
6.81%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$340.00
Lot Size
1.37 acres
Year Built
2018

Investment Highlights

  • Recent 2018 Construction
  • 10,000-Square-Foot Shopping Center | 1.374-Acre Parcel
  • NNN Leases | Staggered Rent Roll | Attractive Retail Corridor
  • Strong Demographics | 174,000+ Average Household Income in 1-Mile
  • Desirable WoodCreek Reserve Master Planned Community Location

Investment Overview

Marcus & Millichap is pleased to offer Shops at Woodcreek (Property) for your consideration. Completed in 2018, the Property consists of a 10,000-square-foot shopping center on a 1.374-acre parcel in the WoodCreek Reserve master-planned community of Katy (Houston MSA), Texas. Shops at Woodcreek is 81.8 percent occupied with NNN leases that provide for full pass-through of the property's expenses including a management fee.

The property's tenants are a desirable mix of retailers that cater to the strong demographics in the submarket. They include Shipley Do-Nuts, Tune Up Manly Salon and Marcos Pizza. Additional prominent retailers in the area include Kroger, Chase Bank, Wendy's, 24-hour Fitness, Christian Brothers, and CubeSmart among others. Fronting on Farm to Market 1463 Road, Shops at Woodcreek offers achievable upside for the savvy investor by way of leasing up the remaining vacancy in an already flourishing retail corridor.

Furthermore, the property's location in the heart of the WoodCreek Reserve community is a tremendous asset. WoodCreek Reserve is a 500-acre master-planned community that offers residents quick access to I-10, the Grand Parkway, Westheimer, Sam Houston Tollway, the Energy Corridor, and Katy Mills Mall. This master-planned community sits on the west side of Houston and is within the boundaries of Katy Independent School District, one of Texas top-performing school districts. As a result, WoodCreek Reserve has attracted some of the strongest demographics in the Houston MSA with average household incomes over $174,000 in a one-mile radius.

Offered for $3,400,000, Shops at Woodcreek provides an investor the opportunity to acquire a recently constructed shopping center with NNN leases and upside through lease-up in one of Houstons fastest-growing, high-demographic communities.

Exclusively Listed By

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