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El Rancho 3050 N Fry Rd 64,059 SF Retail Building Katy, TX 77449 $7,533,338 ($117.60/SF) 6.25% Cap Rate
EXECUTIVE SUMMARY
- More than 150,000 people within a three-mile radius with average household incomes in excess of $109,000 with 43.7% of the population being Hispanic/Latino
- NNN 20-year primary term with approximately 13.9 years remaining
- El Rancho Supermercado has 29 existing locations across Texas and Kansas with all locations being corporately owned and operated
- Strong neighborhood location with excellent traffic counts at the intersection of Fry Road and Morton Road with more than 49,000 VPD
- Potential for pad site opportunity along Fry Road
- NNN 20-year primary term with approximately 13.9 years remaining
- El Rancho Supermercado has 29 existing locations across Texas and Kansas with all locations being corporately owned and operated
- Strong neighborhood location with excellent traffic counts at the intersection of Fry Road and Morton Road with more than 49,000 VPD
- Potential for pad site opportunity along Fry Road
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
64,059 SF
Building Class
C
Year Built
2000
Price
$7,533,338
Price Per SF
$117.60
Cap Rate
6.25%
NOI
$470,834
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
8.81 AC
Frontage
302’ on N Fry Rd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1210160010001 | Improvements Assessment | $5,078,082 |
| Land Assessment | $2,733,240 | Total Assessment | $7,811,322 |
PROPERTY TAXES
Parcel Number
1210160010001
Land Assessment
$2,733,240
Improvements Assessment
$5,078,082
Total Assessment
$7,811,322
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El Rancho | 3050 N Fry Rd
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