CVS | Katy, TX

Sands Investment Group is Pleased to Exclusively Offer This CVS Triple Net Lease Investment Opportunity Located at 322 Cane Island Parkway in Katy, Texas.

  • Long-Term 20 Year Triple Net (NNN) Corporate Guaranteed Lease – Zero Landlord Responsibilities
  • Brand New Construction – Scheduled to Open May 2019
  • Located Next to Buc-ee’s Gas Station – a Popular Texas Based Chain Convenience Store That is Well Known For Having the “Best Restrooms in America”, Private-Label Beef Jerky, Texas-Themed Gifts, “Texas Roundup” BBQ Stand, a Deli, Coffee Shop and Products Catering to Hunters and River Rafters. This Buc-ee’s – 52,000 SF of Retail Space – Has More Than 100 Gas Pumps, the Largest and Longest Car Wash (225 Feet) and Employs More Than 200 People
  • Situated Just 0.5-Miles From I-10 (Boasting Over 110,780 VPD) Which is the Main Thoroughfare East Into Houston (30 Miles)
  • Katy High School and Katy ISD Are Located 5 Minutes East of the CVS With Over 4,000 Faculty and Staff
  • Strong Demographics – Population of Over 98,560 Residents With an Above Average Household Income of $138,173 Within a 5-Mile Radius
  • The Employed Population is 188,917 Residents With Growth Projected to 227,283 By the Year 2023 (20.3% Increase)
  • Estimated Average Household Incomes Are Predicted to Increase Nearly 10% By 2023
  • Nearby Tenants Include: Buc-ee’s, Tractor Supply, Camping World of Houston, Igloo, Bel Furniture Katy Showroom, Transwestern, Starbucks, McDonald’s, Exxon and Many More

In Cooperation with Sands Investment Group Austin, LLC

BoR: Max Freedman Lic. # 9004706

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Grand Parkway Crossing Center

 

  • Market Destination Kroger Shadow Anchored Shopping Center with 100% Leased to a Synergistic Tenant Mix
  • Over 57% of the Tenant’s (15,814 SF of the GLA) Have Occupied the Center for 10 or More Years Providing a New Investor with a Great Sense of Stability
  • High NOI Growth Asset – Net Operating Income is Projected to Grow More than $124,000 (22%) Over a 10 Year Hold Period
  • Exceptional Location Along Highly Trafficked Corridor with Immediate Frontage Along Grand Parkway Highway 99 (+66,200 CPD)
  • Katy Premier Retail Hub – The Center is Conveniently Located Right in the Center of the Premier Retail Shopping Districts of Katy
  • Highly Visible, Katy Retail Center – The Property Presents a Great Opportunity to Purchase a Highway Frontage, Highly Visible, Turnkey Shopping Center Within One of the Most Desirable Houston Markets

In Cooperation with Sands Investment Group Austin, LLC – Lic# 9004706