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1815-1817 S Mason Rd
Katy, TX 77450
KATY RETAIL - KATY, TX · Retail Property For Sale

Investment Highlights

  • 100% occupied by Krispy Kreme & Dogtopia, two well-established consumer brands
  • Absolute NNN lease structure with tenants responsible for taxes, insurance, maintenance, and operating expenses
  • Average household income approximately $155,000 within 3 miles
  • Diverse tenant mix serving both daily consumer needs and recurring service-based demand
  • Population of approximately 294,000 residents within 5 miles
  • Located in a no state income tax state

Executive Summary

This premier retail investment opportunity is strategically located in one of the fastest-growing and most affluent trade areas within the Houston MSA. The property is 100% occupied by two established tenants, including a nationally recognized Krispy Kreme and Dogtopia, providing investors with diversified income from complementary retail uses. The asset consists of approximately 8,737 SF and is offered with an Absolute NNN lease structure, eliminating landlord responsibility for operating expenses and providing truly passive ownership.
Positioned along South Mason Road, a major north-south thoroughfare in Katy, the property benefits from strong visibility, excellent accessibility, and traffic counts exceeding 22,000 CPD. The surrounding trade area is characterized by high household incomes, continued residential expansion, and strong consumer spending patterns that support long-term tenant performance.
The rent roll offers built-in income growth through annual rental increases, while the long-term lease commitments provide stable cash flow and downside protection. With Texas' business-friendly environment, lack of state income tax, and continued population growth, this asset presents an attractive opportunity for investors seeking durable income, inflation protection, and long-term appreciation potential.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,737 SF
Building Class
B
Year Built
2018
Price
$3,250,000
Price Per SF
$371.98
Cap Rate
7.59%
NOI
$246,646
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.08 AC
Zoning
Commercial
Frontage
200’ on Mason Rd

Amenities

  • Corner Lot
  • Signage
  • Drive Thru

Property Taxes

Property Taxes

Parcel Number
1279070010001
Land Assessment
$940,720
Improvements Assessment
$1,370,980
Total Assessment
$2,311,700
  • Listing ID: 41048072

  • Date on Market: 6/24/2026

  • Last Updated:

  • Address: 1815-1817 S Mason Rd, Katy, TX 77450

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