Firethorne Plaza

2721 & 2731 Fm 1463, Katy, TX, 77494, US

Description

Jones Lang LaSalle ("JLL") is pleased to present Firethorne Plaza ("The Property"), a 29,986 SF Strip retail center strategically located at the entrance to the Firethorne Master Planned Community in Katy, Texas (Houston MSA). Currently 100% leased, the property features national tenancy and mark to market opportunities at the growing intersection of S. Firethorne & FM 1463.

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Attributes

Building area gross

29,986 sf

Land area gross

3.87 acres

Year built

2014

Occupancy

100%

Media

Investment Highlights

Path to value: 9 of 14 Tenants are rolling to market or have FMV options.
Rare CAGR strip investment: 3.34% CAGR over a 5 year hold period.
Road expansion to increase capacity: FM 1463 increasing from 2 to 6 lanes to manage robust traffic flow.
Imbedded in affluent residential community: Surrounding 1-Mile demographics boast an average household income of $218,000+.
Brand-name, strong tenure: 50% of the rent roll is leased to regional and national tenancy. National tenants: Edward Jones, Pizza Hut, Tide Cleaners, and Eye Level Learning.