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Hat Creek Burger - Houston MSA 2150 S Mason Rd 5,000 SF 100% Leased Retail Building Katy, TX 77450 $4,310,000 ($862/SF) 6.25% Cap Rate
Investment Highlights
- Located in Booming Affluent Houston Suburb with $151,000 HH Income
- Corporate Guarantee | Strong Regional Operator with 26 Units and Growing
- Large Consumer Based Generators nearby including H-E-B, Specs, Kroger, Lifetime Fitness, The Golf Club at Cinco Ranch, Shopping Centers, Parks & more
- Absolute Net Lease | 16 Years Remaining | 1.5% Annual Increases | Next Increase 9/1/25
- 105,000 VPD on HWY 99 | 28,445 VPD on Mason | Oversized Pad
Executive Summary
TREK Investment Group is pleased to offer for sale Hat Creek Burger in Katy, Texas. This Absolute NNN investment offers a corporately guaranteed lease with 16 years remaining, four - (5)year renewal options, and 1.5% annual rent increases throughout. This asset is well positioned in an affluent, growing community with $151,850+ household income in a 3-mile radius, providing a large consumer base. Hat Creek is strategically located in a high-trafficked area of the city’s primary retail corridor along S. Mason Road which averages 28,445+ vehicles per day, and is located less than 2 miles east of State Highway 99 which serves as a loop around the Houston MSA and sees staggering traffic counts of 106,000+ vehicles per day.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
B
Year Built
2019
Price
$4,310,000
Price Per SF
$862
Cap Rate
6.25%
NOI
$269,321
Percent Leased
100%
Building Height
1 Story
Building FAR
0.09
Lot Size
1.32 AC
Zoning
Commercial
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 1299020010002 | Improvements Assessment | $1,612,191 |
| Land Assessment | $1,156,240 | Total Assessment | $2,768,431 |
Property Taxes
Parcel Number
1299020010002
Land Assessment
$1,156,240
Improvements Assessment
$1,612,191
Total Assessment
$2,768,431
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Hat Creek Burger - Houston MSA | 2150 S Mason Rd
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