Fry Rd & West Rd - Medical FOR SALE


Cypress, TX 77433
$3,216,000 USD
415-852-5177
Fry Rd & West Rd, Cypress, TX for Sale
$3,216,000 USD
Medical - FOR SALE
1/5
null | 6% Cap Rate

Fry Rd & West Rd
Cypress, TX 77433


HIGHLIGHTS

  • Leased to Heartland Dental for 10 years plus three (3) five-year options
  • 10% fixed rental increases every five years in initial term and extension terms
  • Heartland Dental, LLC is the largest dental support organization in the U.S., with more than 1,800 supported dental offices located in 38 states
  • Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $504B under management
  • Heartland Dental continues impressive national growth with 94 new locations opened in 2023

OVERVIEW

This Heartland Dental is located near the signalized hard corner of Fry Road and West Road, which experiences a high traffic count of 43,755 vehicles per day. Part of Miramesa master planned community, one of the top25 master planned communities in the nation based on net home sales. Prime location near the new Miramesa Town Center retail development and excellent proximity to the Bridgeland development, a 11,401-acre community with 20,000 homes and approximately 65,000 residents. Projected 13% average annual household income increase within five miles of the site in the next five years, poising Heartland Dental and Cypress for significant concurrent growth. This Heartland Dental is located in an extremely affluent region, with an average annual household income of $184,791 within a one-mile radius. Within a five-mile radius of the site the population count is 249,633, with an expected 11% increase by 2029.

FOR SALE DETAILS

PRICE

$3,216,000 USD

PRICE/SF

$733 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

1382220010002

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

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