Investment Overview

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, and Rock 'N Roll It vapor store. 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.