List Search

128 Cane Island Pky
Katy, TX 77494 Cinco Ranch

$3,739,785 USD

Freestanding For Sale  •  2,325 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 2,325 SF
  • Lot Size 0.81 AC
  • Building Class C
  • Year Built 2025
  • Cap Rate 4.65 %
  • Tenancy Single
0 Transit Score
12 Walk Score

Highlights

15 Year NNN Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
Brand New 2025 High Quality Construction featuring a Drive Thru Pick-Up Lane. Fee Simple Qualifying for Depreciation.
Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. in terms of Sales and Number of Locations.
Affluent Submarket with Strong Demographics and Double-Digit Population Growth - features an Average Household Income of $172k within a 1-Mile Radius.
Katy is one of the Fastest-Growing Houston Suburbs, with Expanding Housing Developments, Schools, and Retail Centers Fueling Strong Population Growth.
Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Cap Rate: 4.65 %

Major Tenants

Tenant SF Occupied Lease End Date
Chipotle 2,325 SF 3/31/2041
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap