FM 529 & Fry Road, TX
Price:
$3,202,000
Cap Rate:
5.45%
NOI:
$174,511
Building Size:
Approx. 4,042 Sq. Ft.
Lot Size:
Approx. 0.68 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2020
Investment Overview
- 2020 Construction. 4,042+/- SF Building on 0.68+/- Acre Site
- 15-Yr Corp Absolute NNN Lease w/ 10% Rent Bump Every 5-Yrs
- Strategically Located on Highway 6 North (60K VPD)
- Near Taco Bell, Sonic, FedEx, Bank of America, Walgreens, Walmart
- Strong Income Demographics w/ est. $107,384 within a 1-Mile Radius
- Houston area is One of the Fastest Growing Metro Areas in the World
- Cypress | 24 Miles from Downtown Houston | Population: 182,000+