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8436 Spring Cypress Road
Spring, TX

Price: $2,693,000
Cap Rate: 3.9%
NOI: $105,000
Building Size: Approx. 4,845 Sq. Ft.
Lot Size: Approx. 1.54 Acres
Status: Sold
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