9410 Fry Rd - Freestanding FOR SALE


Cypress, TX 77433
$1,721,739 USD
415-274-2715
9410 Fry Rd, Cypress, TX for Sale
$1,721,739 USD
Freestanding - FOR SALE
1/3
null | 5.75% Cap Rate

9410 Fry Rd
Cypress, TX 77433


HIGHLIGHTS

  • A single-tenant Salad and Go on a 20-year ground lease with three, 5-year options in the greater Houston area
  • The subject property features a corporate lease, double drive-thru, and separate mobile express pick-up window
  • The lease features 10% rental increases every 5 years during the primary term and option periods, providing an investor with a hedge against inflation
  • The subject property is well-positioned with excellent visibility from heavily trafficked Interstate 30 (63,740 VPD)
  • Texas is an income tax free state

OVERVIEW

Brand new 20-year ground leased Salad and Go with drive-thru. This 2024 construction Salad and Go features a 20-year corporate backed absolute NNN ground lease with three, 5-year renewal options and 10% increases every 5 years. The subject property is located along Fry Road (30,469 VPD) within a newly constructed, trophy retail and multi-family development, surrounded by the affluent master-planned communities of Bridgeland, Blackhorse, Cypress Creek Lakes, and Towne Lake. IN CONJUNCTION WITH TX LICENSED BROKER: Peter Ellis peter.e@sbcglobal.net PH: 210.325.7578

FOR SALE DETAILS

PRICE

$1,721,739 USD

PRICE/SF

$2,026 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Salad and Go

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
415-274-2715

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John AndreiniCP Partners CREMore Info
415-274-2715

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