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2731 FM 1463
Katy, TX 77494
Firethorne Plaza I · Retail Property For Sale
Investment Highlights
- Path to value: 9 of 14 Tenants are rolling to market or have FMV options
- Road expansion to increase capacity: FM 1463 increasing from 2 to 6 lanes to manage robust traffic flow
- Brand-name, strong tenure: 50% of the rent roll is leased to regional and national tenancy
- Rare CAGR strip investment: 3.34% CAGR over a 5 year hold period
- Imbedded in affluent residential community: Surrounding 1-Mile demographics boast an average household income of $218,000+
- National tenants: Edward Jones, Pizza Hut, Tide Cleaners,
Property Facts
Property Type
Retail
Property Subtype
Building Size
29,986 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2014
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
3.87 AC
Amenities
- Signage
Property Taxes
| Parcel Number | 3105-19-000-0010-914 | Improvements Assessment | $2,796,588 |
| Land Assessment | $1,074,351 | Total Assessment | $3,870,939 |
Property Taxes
Parcel Number
3105-19-000-0010-914
Land Assessment
$1,074,351
Improvements Assessment
$2,796,588
Total Assessment
$3,870,939
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