14044 Spring Cypress Rd - Freestanding FOR SALE


Cypress, TX 77429
$4,525,400 USD
713-830-2191
14044 Spring Cypress Rd, Cypress, TX for Sale
$4,525,400 USD
Freestanding - FOR SALE
1/4
null | 6% Cap Rate

14044 Spring Cypress Rd
Cypress, TX 77429


HIGHLIGHTS

  • Optimal Market for Medical Practices
  • Attractive Credit Tenant
  • Hands-Off Investment
  • Exceptional Demographics
  • H-E-B Shadow Anchored
  • Hard Signalized Corner

OVERVIEW

Colliers is pleased to exclusively offer to qualified investors, the opportunity to purchase Rock Creek Medical Plaza, located at 14044 Spring Cypress Road in Cypress, TX. The ±8,238 SF building situated on ±0.90 acres and currently has 78 months of term remaining with Houston Methodist Primary Care Group. The site is strategically located on a gateway out-parcel on a hard signalized corner and is shadow anchored by H-E-B. This H-E-B location sees over 1.6 million annual visitors and services the surrounding neighborhoods with average household incomes of over $137,000.  Investment Highlights • Optimal Market for Medical Practices: 92% of the homes are owned within a 2-mile radius creating an environment that provides long-term success for a medical practice • Attractive Credit Tenant: Houston Methodist received a “AA” bond rating from the S&P in 2020 • Hands-Off Investment: Existing Property Management with limited Landlord Responsibilities • Exceptional Demographics: Average Household Incomes in excess of $137,000 in a one-mile radius, and over 200,000 population in a 5-mile radius • H-E-B Shadow Anchored: Gateway out-parcel to H-E-B with 1.6 million annual visitors. Traffic accessing H-E-B passes directly by the site. • Hard Signalized Corner: The site shares a hard corner of a lighted intersection with Chick-fil-A • Replaceable Rents: In-place rents are in balance with the market Access OM - https://texas.colliers.com/houston-methodist-confidentiality-agreement-0

FOR SALE DETAILS

PRICE

$4,525,400 USD

PRICE/SF

$566 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Methodist Physicians Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

1335550010001

ASK ABOUT THIS PROPERTY

Todd MooreColliersMore Info
713-830-2191

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Todd MooreColliersMore Info
713-830-2191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.