Marcus & Millichap is pleased to present the opportunity to acquire a 20,085-square-foot, multi-tenant neighborhood retail center located in Katy, Texas. Cinco Ranch Village is fully occupied with a complementary mix of internet-resistant, service-oriented businesses, including Fashion Cleaners, Post Net, Moi Vietnamese Grill, Nobel Nail Salon, Fyzical PT, Katy Driving School, Centerra Ranch Montessori School, Farmers Insurance, and Orange Theory Fitness. All leases are triple-net, and the majority include scheduled rent increases. Constructed in 1997, the building is situated on a 2.01-acre parcel with ample paved parking.
Cinco Ranch Village is located on the hard corner of Cinco Ranch Boulevard and Cinco Park Place, one lot from the signalized intersection with Grand Parkway/State Highway 99. Cumulative traffic counts exceed 109,386 vehicles per day. The subject property is strategically positioned in the Cinco Ranch community, one of the largest master-planned neighborhood communities in Katy. Cinco Ranch Village is directly across from Life Time Athletic and Sprouts Farmers Market and is near LaCenterra at Cinco Ranch, an upscale shopping, dining, and entertainment destination featuring Alamo Drafthouse Cinema, Jamba Juice, Starbucks, Torchy’s Tacos, Sephora, Talbots, Athleta, Kendra Scott, Perry’s Steakhouse & Grille, Trader Joe’s, Elements Massage, Grimaldi’s Pizzeria, Cyclebar, Target, HomeGoods, Which Wich Superior Sandwiches, Crumbl Cookies, Michael’s, and many more.
- 20,085-Square-Foot, Multi-Tenant Neighborhood Retail Center Located in the Highly Desirable Houston Suburb of Katy, Texas
- 100% Occupied | All Leases are Triple-Net | Tenants are a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
- 27% of the Gross Leasable Area has Tenants with Leases in the Center for 25+ Years
- Hard Corner Location on Cinco Ranch Boulevard and Cinco Park Place, One Lot from the Signalized Intersection with Grand Parkway/State Highway 99 | Traffic Counts on Cinco Ranch Boulevard are 10,868 Vehicles Per Day and 98,518 Vehicles Per Day on Grand Parkway
- Part of Cinco Ranch Development | One of the Largest Master-Planned Neighborhood Communities in Katy
- Dense Retail Trade Area Near LaCenterra at Cinco Ranch, an Upscale Shopping, Dining, and Entertainment Destination Featuring Numerous National and Regional Retailers
- Close Proximity to Cinco Ranch High School and Cinco Ranch Junior High Providing Additional Traffic to the Area
- Extremely Affluent Surrounding Area | One-Mile Average Household Income is $166,762 | Three-Mile Average Household Income is $136,766 | Five-Mile Average Household Income is $136,801 | Population is Approximately 287,317 Residents within Five Miles
- Katy is One of the Fastest-Growing and Most-Desirable Cities within the Houston MSA | Located 30 Miles from Downtown Houston
