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222 W Grand Pky S
Katy, TX 77494 Cinco Ranch

$7,692,300 USD

Freestanding For Sale  •  8,573 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 8,573 SF
  • Lot Size 1.5 AC
  • Building Class B
  • Year Built 2017
  • Cap Rate 6.50 %
  • Tenancy Single
20 Transit Score
40 Walk Score

Highlights

Long Term NNN Lease (Minimal Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
Backed by Bain Capital’s $1.1 Billion Acquisition - Fogo de Chão Operates 100+ Locations Globally. Founded in 1979.
This World-Renowned Brazilian Churrascaria is Backed by Bain Capital, Currently Executing its most Aggressive Expansion in Brand History.
Irreplaceable Location on SH-99 / Grand Parkway - Texas’s Fastest-Growing Toll Corridor Grand Parkway Serves as Houston’s Primary Suburban Loop.
Exceptional Traffic Exposure - 221k+ Combined VPD at the I-10 / State Highway 99 Interchange where Interstate 10 Intersects SH-99.
Directly Adjacent to Costco Wholesale, One of America’s Highest-Traffic Retail Anchors.
Cap Rate: 6.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Fogo de Chao Brazilian Steakhouse 8,573 SF 4/30/2040

Public Transportation

AirportDriveWalkDistance
William P Hobby 57 min - 38.9 mi
George Bush Intcntl/Houston 52 min - 40.2 mi
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap