Pin Oak Village – Katy, TX

Anytime Fitness, Cicis
1251 Pin Oak Rd, Katy, TX 77494, USA

Sands Investment Group is pleased to exclusively offer for sale Pin Oak Village NNN, located at 1251 Pin Oak Road in Katy, TX, a premier investment market within the Greater Houston metropolitan area. The property features a long-dated lease structure, with 82% of the gross leasable area (GLA) leased through 2029 or later and 43% through 2030 or later. A weighted average lease term (WALT) of ~3.7 years by SF provides investors with a stable income stream and long-term investment potential. The property’s established retail setting and diverse tenant mix further enhance its appeal as an investment opportunity.

  • Highly Affluent Demographics: Average household incomes are $162,732 within 1 mile and $146,617 within 5 miles. Average home values are about $473K within 1 mile, and the 5-mile trade area holds 272,128 residents and 87,700 households.
  • Strong Visibility and Access: The center fronts Pin Oak Road (15,791 VPD) at Kingsland Boulevard (12,691 VPD). It is a short drive from I-10, which carries 159,057 VPD at the adjacent frontage.
  • Directly Adjacent to Katy Mills: The property sits next to the ~1.3 million-SF Katy Mills Mall, which has over 175 stores, dining and lodging. It is also part of the Katy Main Street node at Pin Oak and I-10, an 85-acre mixed-use center anchored by H-E-B. Nearby retailers include Kohl’s, Walgreens, Chick-fil-A, Whataburger, Popeyes, Panera, and Bank of America.
  • Long-Dated Lease Structure: 82% of GLA is leased through 2029 or later, and 43% through 2030 or later. Weighted average lease term is ~3.7 years by SF.
  • Contractual Rent Growth: 9 of 15 tenants, about 61% of base rent, carry scheduled increases in the rent roll. Most are 3% annually, and Dentist USA’s steps run through 2036. Texas Borders, the largest rent payer, steps from $120,936 to $124,565 in Feb 2027 and $128,301 in Feb 2028.
  • Diversified, Service-Oriented Tenant Mix: The roster covers food and beverage, medical and wellness, fitness, and daily-needs services. No tenant exceeds 12.7% of base rent or 11.7% of GLA.
  • Staggered Rollover with Near-Term Leasing Upside: Only 18% of GLA expires through 2028, spread across 4 small-bay suites. 3 tenants totaling 8,680 SF, or 24% of GLA, pay $22 PSF or less versus the $26.37 center average.
  • Dense, Rapidly Growing Rooftop Base: More than 800 newly built luxury apartment units sit near Kingsland, alongside Cinco Ranch (about 15,000 homes) and Grand Lakes. A 360-unit community at 23615 Kingsland Blvd is expected to finish by mid-2027. The city’s Katy Boardwalk District is a 169-acre mixed-use development across Kingsland from Katy Mills, and 186 single-family homes are planned there.
  • Proximity to the Energy Corridor Employment Base: The Energy Corridor, 10–15 miles east on I-10, is estimated at 80,000+ workers. More than 30,000 workers commute to it from Katy-area ZIP codes. Local employment is also anchored by Memorial Hermann Katy Hospital and Houston Methodist West Hospital.

 

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

Anytime Fitness, Cicis
1251 Pin Oak Rd, Katy, TX 77494, USA

Anytime Fitness

Anytime Fitness is the largest and fastest-growing fitness brand in the world, averaging over 300 new clubs per year while serving more than 5 million members at more than 5,800 clubs in 40 countries and territories and on all seven continents. Open 24 hours a day, 365 days a year, Anytime Fitness delivers personalized health and wellness training, nutrition, and recovery guidance for it’s members – in the club, in their homes, in their pockets, wherever they are and anytime they need it, all at a great value. All franchised clubs are individually owned and operated, and members have access to any Anytime Fitness club worldwide.

Cicis Pizza

Cicis Pizza is a well-established American restaurant chain founded in 1985 and headquartered in Coppell, Texas. The brand is known for  its all-you-can-eat pizza buffet, offering a variety of pizzas, pasta, salads, sides, and desserts in a family-friendly dining environment. With nearly 270+ restaurants across more than 20 states, Cicis also offers carryout, delivery, and arcade game rooms at select locations, supporting its value-driven and family-oriented restaurant concept.

Price

$14,000,000

Cap Rate

6.78%

PREMISES

36,078 SF

YEAR BUILT

2008

RENEWAL OPTIONS

Varies

Lease Expiration

Varies

Lease Type

NNN

RENTAL INCREASES

Varies

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