top of page

INLINE

Shopping Center - Katy, Houston

PRICE

NOI

CAP RATE

CAP RATE

Net Operating Income

Avg. Years 1-10

$ 11,418,304

$ 742,190

6.5%

7.07%

INVESTMENT HIGHLIGHTS

•  Independent pad with two inline store buildings at Westgate Market Shopping Center in Katy, Houston
• 12 commercial premises
•  Principal Tenants are: Vitamin Shoppe, The Shop, Massage Envy, AAA Texas, Avis Rent a Car, Thai Cottage, Dapper & Dashing, among others
•  Strategic Location  - 220.000 vehicles per Day
•  Right over the I-10 Katy Freeway, with excellent visibility

•  LA Fitness anchored Shopping Center
•  80% of the Income comes from Strong National Tenants
•  High Average Household Income and Strong Daytime Employment
•  Houston, fourth-most populous city in the US
•  Tango Holding Manages the center since 2015

LOCATION

Strategically located adjacent to the I-10 Katy Freeway (220,000 vehicles per day) near the on/off ramp of the Freeway. 

Excellent Street Visibility – Westgate Market benefits from excellent street visibility along I-10 Frontage Road. 

Retailers in the area include Walmart, Target, Lowe`s, Home Depot, Kohl`s, At Home, HEB. 

Houston is ranked as the #1 metro for economic growth potential and is the 4th largest and one of the most diverse cities in the United States. 

houston-skyline-housing.jpg

TENANTS

The shopping center is anchored by a freestanding 45,000 sf LA Fitness, includes three pad buildings and an Applebee`s ground lease pad.

 

 80% of the income is derived from strong national/credit tenants.

-        Westgate Market is separately parcelized allowing an investor the ability to immediately sell off a pad.

Approximately $114,000 average household income and 81.000 day-time employees within a 5-mile radius of the property.

 

The shopping center is for sale in its entirety, although offering the possibility of acquiring only the in-line premises or the LA Fitness.

 Tango Holding manages Westgate Market since 2015, providing the buyer with reliable information about the property.

19660-Restaurant-Row-Houston-Texas-39.jpg

PROPERTY 

OVERVIEW

RENTABLE AREA

27.236 SF / 2.530 m2 

YEAR BUILT

2004-2005

LAND AREA

2.80 Acres - 11.331 m2

PARKING

242 dedicated parking spots. The parking ratio is 8.9 per 1,000 SF of leasable area. 

PROPERTY ADDRESS

19740 Katy Freeway. Houston, Texas 77094

NATIONAL TENANTS

Vitamin Shoppe, Massage Envy, The Joint, AAA Texas, Dapper & Dasher

TRAFFIC COUNTS

I-10 Katy Freeway: 220,000 vehicles per day | North Fry Drive: 52,500 vehicles per day

bottom of page