Cornelius Nursery 26710 Farm to Market 1093 800 pi² Commerce de détail Immeuble Katy, TX 77494 6 951 350 $ CAD (8 689,19 $ CAD/pi²) 6% Taux de capitalisation

This offering presents the opportunity to acquire a newly constructed, single-tenant net lease investment occupied by Calloway’s Nursery, a well-established regional operator with a strong brand presence and 28 locations. Founded in 1986 and headquartered in Fort Worth, Texas, Calloway’s has built a reputation for premium garden products and customer service, supporting long-term operational stability.
The asset is secured by an absolute NNN lease structure, providing a passive investment profile with zero landlord responsibilities. The lease commenced August 1, 2024, and features approximately 18 years of remaining term, offering durable cash flow through July 2044. Investors benefit from scheduled 5% rental increases every five years, along with three additional five-year renewal options.
Strategically positioned along FM 1093 near the Westpark Tollway, the property benefits from direct access to one of Houston’s key growth corridors. The site is located within The Crossing at Katy Fulshear, a dominant retail node anchored by major national tenants including Walmart, TJ Maxx, Chick-fil-A, and LA Fitness. Strong visibility and accessibility are reinforced by a high-traffic intersection with combined vehicle counts exceeding 43,000 vehicles per day.
The surrounding area is characterized by affluent residential growth, with more than 178,600 residents within a five-mile radius and average household incomes exceeding $190,000. This demographic profile supports sustained consumer demand and tenant performance, positioning the asset as a stabilized, long-term investment in a high-growth Houston submarket.