Peek Plaza is a 100 percent leased, 20,132-square-foot, multi-tenant retail center located in the high growth Houston suburb of Katy, Texas. Tenants are a complementary mix of national, regional and local retailers, including Wienerschnitzel, X-Golf, Baxters, Texas Craft Wings, Coffee Fellows, Mapletown, Rock ‘N Roll It vapor store, and R&B Tea. All leases are triple net, and many include scheduled rent escalations during the primary term, as well as options for renewal with rent increases. Two end cap suites, Wienerschnitzel and Coffee Fellows, have drive-through windows. Coffee Fellows also has an outdoor patio area for outdoor dining. The building is new 2023 construction featuring an attractive architectural design with a metal roof, situated on a 2.49-acre lot with concrete parking.
The subject property is located on West Grand Parkway North (Highway 99), near the intersection with Morton Ranch Road. The center benefits from excellent freeway visibility, with high traffic counts of 67,328 vehicles per day on Grand Parkway North. Positioned less than one mile from Walmart Supercenter, the subject property is surrounded by national and regional retailers including Discount Tire, Panda Express, McDonald’s, Starbucks, T-Mobile, Smoothie King, Wingstop, Petco, HomeGoods, Kroger, Chick-fil-A, and many others. Peek Plaza is also just south of the new FedEx HUB, the largest FedEx HUB in Texas, and less than a half-mile from the 800,000-square-foot Amazon Sort Center at Clay Road.
- 20,132-Square-Foot Retail Center | Comprised of Two Multi-Tenant Buildings
- New 2023 Construction Featuring Attractive Architectural Design and a Metal Roof | Two End Cap Suites have Drive-Thru Windows
- 100% Leased | All Leases are Triple-Net | Leases are New 5-Year and 10-Year Terms
- Tenants are a Complementary Mix of National, Regional and Local Businesses
- Well Positioned in a Dense Retail Trade Area Along Grand Parkway North | High Traffic Counts Exceeding 67,328 Vehicles per Day
- Area Traffic Drivers Include Walmart, Kroger, Home Goods, and Numerous Other National Retailers | Near Several School Campuses, Providing Additional Traffic
- Close Proximity to Nearby Multi-Family and Single-Family Residence Developments | Directly in Front of Brea Luxury Apartments (362 Units) | Newly Constructed Linz Luxury Living Apartments on West Grand Parkway (Highway 99) and Morton Ranch Road (305 Units)
- Nearby Residential Developments in Progress Include Morton Creek Ranch by Long Lake, Near the Intersection of Morton Ranch Road and Peek Ridge Road/Winchester Ranch Trail (1,705 Lots)
- Highly Affluent Surrounding Area | Average Household Income is $110,857 within a One-Mile Radius; $104,597 within a Three-Mile Radius; and $102,543 within a Five-Mile Radius | Densely Populated with 277,606 Residents within Five Miles
- Katy is One of the Fastest-Growing and Most-Desirable Cities within Houston MSA | Located 30 Miles from Downtown Houston
