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Shops at Young Ranch 29711 Kingsland Blvd 14,784 SF 100% Leased Retail Building Katy, TX 77494 $6,922,000 ($468.21/SF) 6.54% Cap Rate
Investment Highlights
- Long-Term Upside By Raising Below Market Rents
- Surrounded by Additional Residential Communities Young Ranch (1,000 Planned Homes) and Firethorne (3,000+ Homes)
- Stable, Internet Resistant Tenancy With Multiple National Chains
- Excellent High Growth Location Off Texas Heritage Parkway
- Centrally Located in Prime Retail Corridor
Executive Summary
Marcus & Millichap is pleased to exclusively list for sale Shops at Young Ranch, a 14,784-square-foot, 100 percent occupied multi-tenant retail center built in 2019 and located at 29711 Kingsland Boulevard in Katy, Texas. The center sits directly off Texas Heritage Parkway — the primary north-south thoroughfare off Interstate 10 — and is surrounded by three master-planned communities totaling over 7,000 homes: Jordan Ranch (3,000 planned), Young Ranch (1,000 planned), and Firethorne (3,000+).
The property offers meaningful long-term upside by raising rents, with base rents currently averaging $30.60/SF. Similar nearby retail centers are achieving rents up-to twenty percent higher.
The asset is centrally located within a rapidly growing area of Katy. 0.5 Miles north of the property is the forthcoming Texas Heritage Marketplace, a $400M Target-anchored development also bringing Sam’s Club, Lowe’s, and EOS Fitness. The H-E-B-anchored Jordan Ranch Market is located 0.8 miles south of the property.
Shops at Young Ranch is offered at $6,922,000 ($468/SF), representing a 6.54 percent cap rate on in place NOI of $452,353.
The property offers meaningful long-term upside by raising rents, with base rents currently averaging $30.60/SF. Similar nearby retail centers are achieving rents up-to twenty percent higher.
The asset is centrally located within a rapidly growing area of Katy. 0.5 Miles north of the property is the forthcoming Texas Heritage Marketplace, a $400M Target-anchored development also bringing Sam’s Club, Lowe’s, and EOS Fitness. The H-E-B-anchored Jordan Ranch Market is located 0.8 miles south of the property.
Shops at Young Ranch is offered at $6,922,000 ($468/SF), representing a 6.54 percent cap rate on in place NOI of $452,353.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,784 SF
Building Class
C
Year Built
2019
Price
$6,922,000
Price Per SF
$468.21
Cap Rate
6.54%
NOI
$452,699
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.64 AC
Zoning
Commercial
Parking
60 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
383’ on Kingsland Boulevard
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- House of Donuts and Kolaches
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| House of Donuts and Kolaches | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
SECOND GENERATION FORMER ARTS STUDIO SPACE. READY FOR MOVE IN.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 1,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
SECOND GENERATION FORMER ARTS STUDIO SPACE. READY FOR MOVE IN.
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 255443 | Improvements Assessment | $4,315,280 |
| Land Assessment | $384,720 | Total Assessment | $4,700,000 |
Property Taxes
Parcel Number
255443
Land Assessment
$384,720
Improvements Assessment
$4,315,280
Total Assessment
$4,700,000
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Shops at Young Ranch | 29711 Kingsland Blvd
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