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Views: 30 DOM: 87 Updated: 08.22.24 Posted: 06.13.24 Status: Active

Summary

Price $33,975,000
Built/Renov 2024
Tenant H-E-B
Cap Rate 5.00%
Lease Type Double NN
Guarantor Corporate
Size/SF 122,735
Lease Start 02-21-2024
#Units 435
Price/SF $276.82
Expiration 02-29-2044
Tenant Type Grocery
NOI $1,698,750
R. Term 19.5
Ownership Fee Simple
Rent/SF $13.84
Increases 8.0%/5/yrs
Pop 5Mi 196,660
Lot/AC 12.86
Options 6/5yrs
AHHI 5Mi $119,128

Lease Highlights

  • Brand new 2024 construction
  • H-E-B recently executed a new 20-year lease with 6 (5-year) options to extend
  • The lease features fluctuating rental escalations throughout the initial term and option periods
  • Corporate guaranteed lease

Location Description

H-E-B is strategically located at the signaled, hard-corner intersection of Morton Ranch Road and Katy Hockley Cut Off Road, with access to a combined daily traffic count of 23,643 vehicles. The property features an H-E-B Fuel Station with a Car Wash. Furthermore, it is conveniently located just 0.5 miles from The Oak at Katy Park, a new development comprising 348 units, and 2.5 miles from...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: H-E-B
  • Guarantor:Corporate
  • Company:H-E-B
  • # Units:435
  • Stock:Private

About Tenant

H-E-B is a Texas-based grocery store chain which has been at the forefront of the grocery industry, introducing self-service formats, refrigeration for perishable items, and modern marketing...


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Listing Broker

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