McDonald's - Katy, TX_Property for Sale
McDonald's - Katy, TX_Property for Sale
24924 Morton Ranch Rd, Katy, TX, 77493, US

McDonald's - Katy, TX

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 3,686 square foot freestanding, single-tenant McDonald’s located at the NEC of Morton Road and Katy Hockley Cutoff Road in Katy, TX (“Property” or “Asset”).


The Asset is 100% leased to McDonald’s USA, LLC. McDonald’s is currently under construction and upon completion will operate on a 20.0-year absolute NNN ground lease with 10.0% rent escalations every 5-years, six, five-year renewal options and zero landlord responsibilities.


The Property is strategically positioned as a pad site to the new Market at Katy Park development on the corner of Katy Hockley Cutoff Road and Morton Road, with direct access to more than 44,000 vehicles per day. The Market at Katy Park is the first grocery-anchored retail center north of I-10 and west of the Grand Parkway. The Market features The Oaks at Katy Park luxury apartments with 348 units, a 120,00 square foot H-E-B grocery store anchor, and numerous retail pad sites. H-E-B is the largest grocery store in Texas, and the nearest location is over 3-miles away from the Property.

...

Attributes

Asking price
MYR 15,468,000
Cap rate
3.75%
NOI
MYR 580,000
WAULT
20 years
Year built
2024
Building area net
342 m²

Media

Investment Highlights

  • McDonald's 20-year absolute NNN ground lease with zero landlord responsibilities
  • H-E-B anchored pad site, the only H-E-B in over 3-miles
  • Incredible demand characteristics driven by 1-mile AHHI of $135K+ and 177% population growth since 2010
  • Adjacent to Katy Park, a 100-acre sports complex with over 700,000 annual visitors
  • McDonald's is the world's leading fast food brand that serves more than 63 million customers daily
  • Since 2021, residents in Katy have leased more than 6,000+ apartments
McDonald's - Katy, TX 4_Property for Sale

Contact brokers

McDonald's - Katy, TX (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
26 Sep 2024