Market at Katy Park

24924 Morton Ranch Rd, Katy, TX, 77493, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer the opportunity to acquire Market at Katy Park (the “Property”), a 94% leased, 35,436 square foot H-E B shadow-anchored shopping center located in the flourishing Katy suburb of Houston, Texas. Shadow Anchor H-E-B is the preeminent grocer in Texas, with 430+ locations in the U.S. and Mexico, and was rated as the #1 grocer in the U.S. in 2024. With 7.9 years of WALT, an HEB shadow anchor, two strip centers, and a diverse mix of credit and national tenancy, Market at Katy Park provides investors with secure cash flow in one of Texas’ fastest growing trade areas.

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Attributes

Building area gross

35,436 sf

Land area gross

5.4 acres

Year built

2024

Occupancy

94%

Media

Investment highlights

FAST GROWING RESIDENTIAL Population has doubled since 2010
FUTURE RESIDENTIAL DEVELOPMENT Slated to add an additional 25,000 homes which equates to another 75,000 residents
SHOP SPACE GROWTH All shop space tenants have annual increases throughout their term
HEB SHADOW ANCHORED (NEW HEB) with 20+ minute drive time to competing stores adjacent to the strip centers
ADJACENT TO KATY PARK Unprecedented 700K annual visitors