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- LoopNet Team
405 Fry Rd
Houston, TX 77094
McDonald's | Corporate Guarantee | Katy, TX · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Drive Thru
ABOUT 405 FRY RD , HOUSTON, TX 77094
Cushman & Wakefield is pleased to offer the rare opportunity to acquire the fee simple interest in an absolute triple-net leased, corporate guaranteed McDonald’s property in Katy, Texas. The long term tenant has an original lease term of 15 years, with 1 year remaining and three 5-year options to extend. The lease features 10% rent increases at the beginning of each option period, providing for a great hedge against inflation. The asset consists of a 3,119 SF freestanding building equipped with a drive-thru on a 0.93 AC lot, that is located as an outpad to the Green Tree Shopping Center. This property offers high visibility and ease of access. The local market is dense, with 14,405 residents within 1 mile and 232,706 residents within 5 miles, contributing to the store’s strong sales performance. Population growth within the region is expected to grow by 8.43% within the next four years.
PROPERTY TAXES
| Parcel Number | 1184440010006 | Improvements Assessment | $1,024,752 |
| Land Assessment | $806,760 | Total Assessment | $1,831,512 |
PROPERTY TAXES
