17814 Spring Cypress Rd - Storefront FOR SALE


Cypress, TX 77429
$4,600,000 USD
713-331-1777
17814 Spring Cypress Rd, Cypress, TX for Sale
$4,600,000 USD
Storefront - FOR SALE
1/7
null | 6% Cap Rate

17814 Spring Cypress Rd
Cypress, TX 77429


HIGHLIGHTS

  • Solid Demographics With Explosive Growth
  • Stable & Consistent Cash Flow
  • Premier Regional Retail Destination
  • Newer Construction With Minimal Landlord Responsibilities
  • Synergistic, E-Commerce Resistant Tenant Mix

OVERVIEW

Cushman & Wakefield’s Retail Investment Advisors have been exclusively retained to execute the sale of Spring Cypress Retail Center (the “Property”), a 100% E-Commerce resistant, Class-A strip center located in Northwest Houston, Texas. The property is strategically positioned and shadowed-anchored between Lowe’s Home Improvement and Target in the epicenter of a premiere regional retail destination of Northwest Houston. This prime asset is fully leased to 3 national credit tenants occupying 7,837 square feet of retail space on 1.14 acres of land. In addition, Two of the tenants, 85% of the NRA, have contractual rent increases of over 9% in the next 2.5 years, providing nearly $25,000 of additional annual income. The Property enjoys access and visibility to over 200,000 vehicles per day via Highway 290 and surrounding thoroughfares and is proximate to several traffic-generating, best-in-class, large-format national retailers such as Target, Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, Ross, Best Buy and Hobby Lobby. Additionally, there is limited supply of retail space in the immediate trade area providing further support for sustainable rent growth at the Property into the foreseeable future. Spring Cypress Retail Center offers investors the opportunity to acquire a stabilized class-A retail strip center with minimal landlord responsibilities in one of the fastest growing submarkets in the United States with over 82,110 residents living within a 3-mile radius and an average household income of $161,926.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$587 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

None

APN/PARCEL ID

0460730000012,0460730000164

ASK ABOUT THIS PROPERTY

Kristopher Von HohnCushman & Wakefield US, Inc.More Info
713-331-1777

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Kristopher Von HohnCushman & Wakefield US, Inc.More Info
713-331-1777

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