Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Cypress Station Square, a 135,575 square foot shopping center, located at the northwest corner of Interstate 45 and FM 1960 Road in Houston, Texas. The retail center and retail pad sites sit on 12.2 acres with approximately 850 feet of frontage on Cypress Creek Parkway (FM 1960 Road). Cypress Station Square sees approximately 75,000 vehicles per day on Cypress Creek Parkway and over 200,000 vehicles per day on Interstate 45. An investor will enjoy day-one positive cashflow, even in the current interest climate, while still benefiting from leasing vacant units. The Property is currently 84 percent occupied. In addition, an investor will also benefit from rent increases in many tenants’ current lease terms, as well as rent increases in leases with renewal options. Many leases have below-market rental rates (some affordable leases of non-box spaces range from $1.00-$1.50 per square foot plus additional rent). Given the large scale of the 12.2-acre tract, a buyer may explore opportunities to lease or develop segments of the land. Cypress Station Square has a strong lineup of diverse, internet-resistant tenants with staggered leases, including its anchors: Milan College, DaVita Dialysis, Hibbett Sports, Workforce Solutions, Hooters, Pollo Campero, Dollar Tree, GNC, UPS Store, Cilantro Cocina, Rent-a-Tire, and more.