Kilwin & Nando Lease Retail Space At LaCenterra In Cinco Ranch-Katy
23501 Cinco Ranch Boulevard Katy, Texas 77494, USA
Building Size
3,768 SF
Asset Type
Retail
Closing
Jul 21, 2023
About this deal
AI
A 3,768-square-foot retail space located at 23501 Cinco Ranch Boulevard in Katy is available for lease. This property is part of the LaCenterra at Cinco Ranch shopping center, managed by JLL. It offers a prime location for businesses looking to establish a presence in the area.
Summary of transaction details:
- Property Type: Retail
- Square Footage: 3,768
- Address: 23501 Cinco Ranch Boulevard
- Market: Katy
In Q4 2023, Kilwin's sweets shop will be leasing a 1,014-square-foot space at LaCenterra at Cinco Ranch. This will provide a new and convenient location for customers to enjoy Kilwin's delicious sweets. In Q1 2024, Nando's restaurant will also open a 2,754-square-foot location in the shopping center, offering patrons a unique dining experience. JLL, the property management company, facilitated these leasing deals, showcasing their expertise in the industry.
Players
Katy Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93