Take 5 Oil – GL Spring, TX

8434 Spring Cypress Road
Spring, TX

Price: $1250000
Cap Rate: 6.00%
NOI: $75,000
Building Size: Approx. 1634 Sq. Ft.
Lot Size: Approx. 0.57 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Service
Year Built: 2017

Investment Overview

  • 2017 Construction. 1,634+/- SF Building on .57+/- Acre Site
  • New 10-Year Corp, NNN GL w/ 10% Rent Bumps Every 5-Yrs
  • Located along Spring Cypress Dr (33K VPD), just S of Hwy 99
  • Adjacent to SBUX & future Chick-fil-A | Near Kroger, McDonalds
  • Subject property is near Kroger anchored Stables Town Center
  • Attractions: The Galleria | NRG Stadium | Space Center | Houston Zoo
  • Major Employers: BP America  | Shell Oil Company | Exxon Mobil Camp
  • 3-Mile Radius: 2017 Est Pop: 88,487 | 3-Mile Avg HH Income:  $125,779
  • Greater Houston ( MSA) | 6TH Largest MSA in the U.S | Pop: 5,946,800

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