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Auto Service - Gas-Conv

Firestone Auto Care (S&P "A" Credit) | Affluent Houston Suburb: $135k+ HHI | Absolute Net Lease

10927 Barker Cypress Rd, Cypress (Houston MSA), TX 77433

Listing Price: $3,598,000

Cap Rate
5.00%
Tenant Name
Firestone Complete Auto Care
Years Remaining On Lease
9.6
Gross SF
9,010
Guarantor
Corporate Guarantee
Rentable SF
9,010
Price/Gross SF
$399.33
Lease Type
Absolute Net
Rent Per Square Feet
$19.97

Investment Overview

Cypress is an unincorporated community located in Harris County, Texas. It is situated approximately 25 miles northwest of downtown Houston and covers a large geographic area of over 200 square miles. Cypress has a diverse population of over 120,000 people, and it is known for its suburban neighborhoods, excellent schools, and abundant green spaces. The area is home to several master-planned communities, such as Bridgeland and Towne Lake, which offer a range of housing options, including single-family homes, townhouses, and apartments. Cypress is also home to a variety of shopping and dining options, including the Houston Premium Outlets and the Boardwalk at Towne Lake. The community is also known for its outdoor recreational activities, such as hiking and biking at Cypress Creek Greenway and fishing and boating at the nearby Lake Houston. Overall, Cypress is a growing and vibrant community that offers a suburban lifestyle with easy access to the amenities of a major city.

Investment Highlights

  • Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and at Each Option. 2022 Renovation including Full Interior and Exterior Re-Branding.
  • Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 46k Vehicles. In Close Proximity to Northwest Fwy (111k+ VPD).
  • Bridgestone Corporation (Firestone's Parent Company) is the World's Largest Manufacturer of Tires and is Ranked #484 on Forbes Global 500 with an Annual Revenue of more than $30B.
  • Densely Populated and Affluent Area: Features an Average Household Income of $135k+ w/in a 1-Mile Radius and more than 267k People Residing w/in a 5-Mile Radius. Cypress has Experienced Significant Population Growth over the past few Decades.
  • The Population Growth in Cypress is due in Part to its Proximity to Houston, which has a Thriving Economy and Job Market. Many People have been Attracted to Cypress for its Suburban Lifestyle, Excellent Schools, and Affordable Housing Options.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Auto Service - Gas-Conv

Firestone Auto Care (S&P "A" Credit) | Affluent Houston Suburb: $135k+ HHI | Absolute Net Lease

Listing Price: $3,598,000

Cap Rate
5.00%
Tenant Name
Firestone Complete Auto Care
Years Remaining On Lease
9.6
Gross SF
9,010
Guarantor
Corporate Guarantee
Rentable SF
9,010
Price/Gross SF
$399.33
Lease Type
Absolute Net
Rent Per Square Feet
$19.97

Investment Highlights

  • Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and at Each Option. 2022 Renovation including Full Interior and Exterior Re-Branding.
  • Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 46k Vehicles. In Close Proximity to Northwest Fwy (111k+ VPD).
  • Bridgestone Corporation (Firestone's Parent Company) is the World's Largest Manufacturer of Tires and is Ranked #484 on Forbes Global 500 with an Annual Revenue of more than $30B.
  • Densely Populated and Affluent Area: Features an Average Household Income of $135k+ w/in a 1-Mile Radius and more than 267k People Residing w/in a 5-Mile Radius. Cypress has Experienced Significant Population Growth over the past few Decades.
  • The Population Growth in Cypress is due in Part to its Proximity to Houston, which has a Thriving Economy and Job Market. Many People have been Attracted to Cypress for its Suburban Lifestyle, Excellent Schools, and Affordable Housing Options.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.

Investment Overview

Cypress is an unincorporated community located in Harris County, Texas. It is situated approximately 25 miles northwest of downtown Houston and covers a large geographic area of over 200 square miles. Cypress has a diverse population of over 120,000 people, and it is known for its suburban neighborhoods, excellent schools, and abundant green spaces. The area is home to several master-planned communities, such as Bridgeland and Towne Lake, which offer a range of housing options, including single-family homes, townhouses, and apartments. Cypress is also home to a variety of shopping and dining options, including the Houston Premium Outlets and the Boardwalk at Towne Lake. The community is also known for its outdoor recreational activities, such as hiking and biking at Cypress Creek Greenway and fishing and boating at the nearby Lake Houston. Overall, Cypress is a growing and vibrant community that offers a suburban lifestyle with easy access to the amenities of a major city.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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