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2731 FM 1463
Katy, TX 77494
Firethorne Plaza I · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Path to value: 9 of 14 Tenants are rolling to market or have FMV options
- Road expansion to increase capacity: FM 1463 increasing from 2 to 6 lanes to manage robust traffic flow
- Brand-name, strong tenure: 50% of the rent roll is leased to regional and national tenancy
- Rare CAGR strip investment: 3.34% CAGR over a 5 year hold period
- Imbedded in affluent residential community: Surrounding 1-Mile demographics boast an average household income of $218,000+
- National tenants: Edward Jones, Pizza Hut, Tide Cleaners,
EXECUTIVE SUMMARY
Jones Lang LaSalle ("JLL") is pleased to present Firethorne Plaza ("The Property"), a 29,986 SF Strip retail center strategically located at the entrance to the Firethorne Master Planned Community in Katy, Texas (Houston MSA). Currently 100% leased, the property features national tenancy and mark to market opportunities at the growing intersection of S. Firethorne & FM 1463.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
29,986 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2014
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
3.87 AC
Frontage
565’ on FM 1463
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 0448-00-001-0001-914 | Improvements Assessment | $0 CAD |
| Land Assessment | $35,787 CAD | Total Assessment | $35,787 CAD |
PROPERTY TAXES
Parcel Number
0448-00-001-0001-914
Land Assessment
$35,787 CAD
Improvements Assessment
$0 CAD
Total Assessment
$35,787 CAD
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