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Mavis Tires & Brakes 25242 FM 1093 6,952 SF 100% Leased Retail Building Katy, TX 77494 $4,458,092 CAD ($641.27 CAD/SF) 5.40% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Outparcel to Lowe’s | Surrounded by Strong Anchor Tenants
- Outstanding Demographics | Extremely Affluent Community | Strong Growth Trends
- Income Tax-Free State
Executive Summary
Surmount is pleased to present the exclusive listing for a Mavis Tires & Brakes located at 25242 Farm to Market Road 1093, Katy, TX 77494. The site consists of roughly 6,952 rentable square feet of building space on an estimated 1-acre parcel of land. Mavis Tires & Brakes is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $170,000 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
6,952 SF
Building Class
C
Year Built
2025
Price
$4,458,092 CAD
Price Per SF
$641.27 CAD
Cap Rate
5.40%
NOI
$240,737 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.16
Lot Size
1.00 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2759-00-001-0070-914 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,543,321 CAD | Total Assessment | $2,543,321 CAD |
Property Taxes
Parcel Number
2759-00-001-0070-914
Land Assessment
$2,543,321 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,543,321 CAD
Contacts
-
Matthew Anuszkiewicz -
Robert Stein -
John McHugh -
Glen Kunofsky -
Christopher Marks -
Surmount
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Mavis Tires & Brakes | 25242 FM 1093
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