12723 Telge Road
Cypress, TX
Price:
$2,640,000
Cap Rate:
5.00%
NOI:
$132,000
Building Size:
Approx. 2,222 Sq. Ft.
Lot Size:
Approx. 0.729 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2023
Investment Overview
- 2023 Construction. 2,222+/- SF Building on 0.729+/- Acre Site
- Brand New 10 Year Corporate Net Lease w/ 10% Rental Increases in Both Primary Term and Options
- Excellent Location Along Telge Rd (21K VPD) Near the Intersection of Jarvis Rd (11K VPD) & Telge Rd
- Subject Property is Located One Block from Cole’s Crossing, an Upscale 2,600 Unit Neighborhood
- Excellent Income Demos w/ an est. $103,000 Within Three Miles of the Site
- Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World
- Cypress | Part of the Houston Metroplex | Population: 182,000+
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