DENVER, CO – [August 11, 2025] – Blue West Capital represented a Colorado-based investor in the purchase of a single-tenant Voodoo Doughnut at 1301 Fry Rd, Katy, TX 77449 for $2,615,000.
Positioned along Fry Rd (52,600 VPD), the property is an outparcel to a Walmart Supercenter (2.5M annual visitors) and across from the H-E-B grocery-anchored Westgate Marketplace (4.2M annual visitors).
The property is leased to Voodoo Doughnut on a corporate NNN ground lease with approximately 13 years remaining and 10% rent increases every five years. Founded in Portland, OR in 2003, Voodoo Doughnut now operates 19 locations across 7 U.S. states.
Blue West Capital’s Tom Ethington and Noah Harrison represented the Buyer, a Colorado-based investor in a 1031 exchange.
Our client came to us with precise investment criteria and defined yield expectations for his 1031 exchange. We developed targeted search parameters focusing on growth-oriented demographics, prime locations with a strong anchor, property accessibility, parking capacity, in-place rents to market rents, tenant quality, and QSR-focused operators. After evaluating 46 single-tenant opportunities across multiple target markets, Voodoo Doughnut emerged as the ideal match. This acquisition provides our buyer with exceptional value in a rapidly growing Houston suburb, delivering strong day-one cash flow with minimal property management.”
Tom Ethington, Managing Partner
Katy is a western suburb of Houston, the most populous city in Texas with more than 2.4M residents, according to the 2024 U.S. Census.
PR Contact
Noah Harrison
(720) 464-7488
Noah@BlueWestCapital.com

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