Le Cafe Josephine (201 E 20th)
201 E 20th St, Houston, TX, 77008-2607, US
2,331 sf
Asset description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the new-construction, single-tenant Whataburger located at 24710 Morton Ranch Rd, Katy, TX 77493 (“Property” or “Asset”).
This is a rare opportunity for investors to acquire a grocery-anchored, single-tenant retail asset in Katy’s fastest-growing submarket, secured by a nationally recognized Tenant and a true zero-landlord-responsibility lease structure.
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Attributes
Asking price
$2,979,000
Cap rate
4.7%
NOI
$140,000
WAULT
15 years
Building area net
3,305 sf
Year built
2025
Media
Investment highlights
- Whataburger 15-year absolute NNN ground lease with 10% escalations every 5 years and 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
- Whatabuger is a leading QSR operator with over $3.77 billion in U.S. sales
- Since 2021, residents in Katy have leased more than 6,000+ apartments
Contact brokers
Whataburger - Katy, TX (0 Properties)
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Last updated
Jun 17, 2025
