Retail

Houston Net Lease Portfolio - Houston MSA

26806 FM 1093 Rd Katy, Texas United States 77494
Asking Price
Area Size
NOI Net Operating Income
Cap Rate
Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area Net
Land Area Net ()
Occupancy 100.0 %

Property description

JLL is pleased to offer the opportunity to acquire a predominantly ground leased interest in the Crossing at Katy Fulshear outparcel portfolio (the “Properties” or “Offering”) located in the affluent cities of Katy and Richmond, Texas. The portfolio consists of nine industry leading net lease tenants with a total net operating income of approximately $1.06 million and an average remaining lease term of 14.6 years. The properties are strategically located on outparcels to Walmart Supercenter along FM 1093 and FM 1463, a highly trafficked retail thoroughfare experiencing combined traffic counts or more than 55,100 VPD. The Portfolio features outstanding surrounding demographics in the Houston MSA with over 142,400 residents with average annual household income of more than $175,000 within a five-mile radius. This Portfolio possesses excellent real estate fundamentals and presents the opportunity to acquire a long-term investment leased to industry leading net lease tenants in an affluent and high growth suburb of Houston.


Investment highlights

INDUSTRY LEADING + HIGH GROWTH TENANCY

Features nine industry leading and high growth tenants including Chick-fil-A, Taco Bell, Whataburger, Raising Cane’s, Panda Express, Freddy’s, Kentucky Fried Chicken, Express Oil Change & Tire Engineers and Spring Creek Barbeque.


OUTPARCEL TO WALMART SUPERCENTER

Anchored by Walmart Supercenter in the expansive Crossing at Katy Fulshear Shopping Center with leading national retailers including PetSmart, Ross Dress for Less, and T.J. Maxx

Dense and highly affluent demographic base with over 142,400 residents and average household income of more than $175,000 within a 5-mile radius

Adjacency to FM 1093 & 1463 boasting combined traffic counts over 55,100 VPD


RAPIDLY EXPANSIVE + DYNAMIC HOUSTON MARKET

Booming Texas popularity primarily due to business-friendly and zero income tax environment

Accelerating Houston MSA population growth adding nearly 700,000 residents in the next five years

Nicknamed the Energy Capital of the World, Houston has become a corporate hub with the second-most Fortune 500 headquarters of any US municipality


OPTIMAL LONG-TERM NET LEASE STRUCTURE WITH ZERO LANDLORD RESPONSIBILITIES

The Portfolio operates on absolute triple-net leases with zero landlord responsibilities generating nearly $1.06 million in Year-1 rental revenue

Features all construction newer than 2018 leased to corporate-backed and established franchisee operators containing over 14.6 years of average primary lease term inclusive of contractual rental escalations


Last Updated Date: 21 Oct 2021

Please enter your corporate email account in the email field. We may not be able to reply to your personal email account or free email address such as Gmail or Yahoo Mail.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 21 Oct 2021

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.