16616 House & Hahl Rd - Auto Repair FOR SALE
Cypress, TX 77433 |
$2,573,000 USD
844-585-7682
16616 House & Hahl Rd
Cypress, TX 77433
HIGHLIGHTS
- Single-Tenant Corporate Sun Auto Service with Proven Operating History and New Long-Term Lease: Huge net worth guaranty
- Absolute NNN lease with zero landlord responsibilities | 20-year initial lease term with 17 years remaining and four 5-year options
- 1.75% annual increases during the primary term and 10% increases at each option | Fee simple investment (offering includes both land and building)
- Below Market Rent & Low Price Pt: Subject property was originally a Louetta Auto until it was purchased by GB Auto Service, Inc. & became rebranded
- Outstanding Location Within the Dense, Highly Affluent Cypress Community of Houston: Average household income over $137,000 in a 3-mile radius
- Part of the Houston MSA: #1 “America’s Fastest Growing Cities” (Forbes)
FOR SALE DETAILS
PRICE
$2,573,000 USD
PRICE/SF
$376 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sun Auto Service | Cypress, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.68 AC
LAND SF
29,621 SF
ZONING
F1
APN/PARCEL ID
1354540010003
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844-585-7682
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844-585-7682
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