Bldg. A 20314 Franz Rd

Investment Highlights

Three National Tenants Walking Distance to 5 Katy ISD Schools Adjacent to Montessori Reggio Academy

Executive Summary

Introducing Castle Rock Plaza, a newly constructed retail gem strategically located at a bustling intersection near schools and growing neighborhood. With a sleek design this prime property sits on roughly 1AC of land, has a 15' height interior, and nearly 400' frontage, with utilities and detention."WHY KATY"Realty 1 Partners Sales Team is pleased to exclusively present the opportunity to acquire Castle Rock Plaza,10,325 square feet of prime retail located in Katy, Texas. With a sleek design this prime property sits onapproximately 1AC of land, has a 15? height interior, and close to 400? of frontage, with utilities and detention.Located approximately 25 to 30 miles west of downtown Houston, Katy Tx offers an affordable cost of livingcompared to many other areas in the Greater Houston region, making it an attractive option for familiesand individuals alike.The highly-rated schools within the Katy Independent School District provide excellenteducational opportunities for children, ensuring a solid foundation for their future.With a strong sense ofcommunity, Katy hosts numerous events, festivals, and activities throughout the year, fostering connectionsand friendships among residents.Its convenient location near major highways allows for easy access todowntown Houston and other parts of the metropolitan area, making commuting and travel hassle-free.The diverse range of employment opportunities in industries such as healthcare, energy, and technologyoffers residents ample career prospects and job stability.Katy boasts a plethora of amenities including shopping centers, restaurants, parks, and recreationalfacilities, catering to the diverse needs and interests of its residents. The suburban feel of Katy provides apeaceful and safe environment for families to thrive and for individuals to enjoy a relaxed lifestyle.Residentscan experience a high quality of life in Katy, thanks to its combination of affordability, excellent schools, andaccess to amenities.The city?s commitment to infrastructure development and community enhancementensures that Katy continues to evolve and improve for the benefit of its residents.Overall, Katy, Texas is a great area to live in due to its affordability, strong sense of community, convenientlocation, diverse opportunities, and high quality of life.

• Sale Type    Investment or Owner User
• Sale Condition    Building in Shell Condition
• Property Type    Retail
• Property Subtype    Retail
• Building Size    10,325
• Building Class    B
• Year Built    2023
• Price    4,511,199
• Price Per SF    437
• Cap Rate    6.25
• NOI    281,948
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.18
• Land Acres    1.30 AC

• Drive Thru
• Car Charging Station
• Monument Signage