Mini Dealership - The Woodlands
16675 I-45, Conroe, TX, 77385, US
MYR 51,431,000 | 3,252 m²
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.