Retail    

Highland Knolls
Shopping Center

 Katy, Texas

Asking Price

$20,288,000

Cap Rate

7.00%

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Grocery - Anchored Center

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Stable Tenancy

Minimal Vacancy

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Avg HHI

$143K (3-Mile)

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Population

115K (3-Mile)

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Upside Value Creating

New Outparcel

For more details on this exclusive listing, execute the following NDA:

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INVESTMENT HIGHLIGHTS

  • Attractive Grocery-Anchored Center With Long Term Junior Box Lease Terms at a Signalized Intersection, High-Quality Brick Construction With Excellent Visibility to Over 47,000 Cars per Day and Multiple Access Points
  • Elite Demographics With Affluent Customers 
    Over 115,000 Population and Over $143,000 Average Household Income Within 3 Miles
  • 10.64 Years of Weighted Average Lease Term Remaining
    Over 71% of Center Not Expiring Until 2025 or Later
  • Stable Tenancy With Very Minimal Vacancy
    Average Tenancy of Over 6.8 Years
  • Reasonable Rents
    Rents Average Less Than $22 PSF
  • Desirable Grocery and Service-Oriented Tenants
    Targeting the Affluent Surrounding Asian-American Communities
  • Attractive Rental Increases
  • Potential Added Value of Absolute NNN Outparcel

Exclusively Listed By

Chris Howard

Lead Investment Analyst
  choward@northmarq.com   

Brian Lane

Senior Associate
  blane@northmarq.com   

In Association With
Jim Gibson

TX Lic. #392926

Northmarq

800 Gessner Road, Suite 950
Houston, TX 77024


northmarq.com