8436 Spring Cypress Road
Spring, TX
Price:
$2693000
Cap Rate:
3.90%
NOI:
$105,000
Building Size:
Approx. 4845 Sq. Ft.
Lot Size:
Approx. 1.54 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built / Renovated:
2018 / 2000
Investment Overview
- 2018 Construction. 4,845+/- SF Building on 1.54+/- Acre Site
- New 15-Yr Corp NNN Ground Lease beginning March 2018
- Located along Spring Cypress Dr (33K VPD), just S of Hwy 99
- Adjacent to SBUX, Take 5 Oil, McDonalds, CVS, Chase, Sprint
- Near Kroger Anchored Shopping Center (55,493 Square Feet)
- Spring has become a much sought-after address in NW Houston
- Attractions: NRG Stadium (NFL) | Space Center | Houston Zoo
- Major Employers: BP America | Shell Oil Company | Exxon Mobil
- Houston is 2nd to NY City in Fortune 500 HQ’s – Ranked Forbes Top City
- 3-Mile Radius: 2016 Est Pop: 86,270 l 3-Mile Avg. HH Income: $128,898
- Greater Houston ( MSA) | 6TH Largest MSA in the U.S | Pop: 5,946,800