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FOGO DE CHAO | LONG TERM NNN LEASE 222 W Grand Pky S 8,573 SF Retail Building Katy, TX 77494 $10,919,989 CAD ($1,273.77 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Long Term NNN Lease (Minimal Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- This World-Renowned Brazilian Churrascaria is Backed by Bain Capital, Currently Executing its most Aggressive Expansion in Brand History.
- Exceptional Traffic Exposure - 221k+ Combined VPD at the I-10 / State Highway 99 Interchange where Interstate 10 Intersects SH-99.
- Backed by Bain Capital’s $1.1 Billion Acquisition - Fogo de Chão Operates 100+ Locations Globally. Founded in 1979.
- Irreplaceable Location on SH-99 / Grand Parkway - Texas’s Fastest-Growing Toll Corridor Grand Parkway Serves as Houston’s Primary Suburban Loop.
- Directly Adjacent to Costco Wholesale, One of America’s Highest-Traffic Retail Anchors.
Executive Summary
Fogo de Chão Brazilian Steakhouse | Long Term NNN Lease $1.1 Billion Bain Capital Backing | Texas’s FastestGrowing Toll Corridor | Irreplaceable Location on SH-99 / Grand Parkway: 221k+ VPD | Adjacent to Costco - Millions of Annual Customer Trips | Major Hospital Systems Nearby | Minutes from 1.3M SF Katy Mills Mall - 12M+ Annual Shoppers | Densely Populated and Affluent Area: $133k+ Avg. HHI
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,573 SF
Building Class
B
Year Built/Renovated
2017/2025
Price
$10,919,989 CAD
Price Per SF
$1,273.77 CAD
Cap Rate
6.50%
NOI
$709,800 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.50 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Fogo de Chao Brazilian Steakhouse
- Retailer
- 8,573 SF
- -
- Triple Net
- Apr 2040
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Fogo de Chao Brazilian Steakhouse | Retailer | 8,573 SF | - | Triple Net | Apr 2040 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1346160080002 | Improvements Assessment | $2,283,629 CAD |
| Land Assessment | $3,244,349 CAD | Total Assessment | $5,527,977 CAD |
Property Taxes
Parcel Number
1346160080002
Land Assessment
$3,244,349 CAD
Improvements Assessment
$2,283,629 CAD
Total Assessment
$5,527,977 CAD
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FOGO DE CHAO | LONG TERM NNN LEASE | 222 W Grand Pky S
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