Shopping Strip
Cypress Flex Retail Center
20010 FM 529, Cypress, TX 77433
Listing Price: $3,525,000
Investment Overview
Cypress Flex Retail Center is a 21,000-square-foot, multi-tenant flex retail center located in the Houston suburb of Cypress, Texas. The center is currently 100 percent occupied with triple-net leases, and 88 percent of the gross leasable area has rent escalations. Tenants consist of Jason Auto, Anaya's Tire Shop, AF Muffler Shop, United C Zone, Cool Design Auto Body Shop, and a Vape Shop. Situated on a 1.98-acre lot, the building is newer (2022) construction with a modern façade, metal roofing, bay doors, and concrete parking.
The subject property is located on FM Road 529, near the intersection with Fry Road with cumulative traffic counts of 22,876 vehicles per day. Nearby national and regional retailers include Fiesta Mart, Subway, Goodwill, Chicken Express, Jiffy Lube, O'Reilly Auto Parts, National Tire & Battery, Walgreens, Jack in the Box, Papa John's Pizza, Popeye's Louisiana Kitchen, Starbucks, Take 5 Oil Change, Sherwin-Williams Paint Store, Blaze Pizza and many others. The property is also in close proximity to several school campuses, including Duryea Elementary School, Harmony Science Academy, Hoover Elementary School, and Jowell Elementary School providing additional traffic to the area. Cypress High School is just 1.5 miles north of the subject property with a current enrollment of approximately 2,788 students. The surrounding area benefits from strong demographics, serving a population of more than 311,869 residents within a five-mile radius. The average household income of $89,147 within a one mile radius; $102,807 within a three-mile radius and $108,116 within a five-mile radius.
Cypress Flex Retail Center
Investment Highlights
- 21,000-Square-Foot, Multi-Tenant Flex Retail Center Located in a Rapidly Growing Area, Experiencing a 9.4% Population Increase over a Five-Year Period
- 100% Leased | All Leases are Triple-Net | Majority of the Leases Include Annual Rent Increases, Providing Year-Over-Year Income Growth Potential
- New (2022) Construction | Comprised of Two Buildings Featuring a Metal Roof and Front Entry Overhead Doors | Situated on a 1.98-Acre Parcel with Concrete Parking
- Located on FM Road 529, Near the Intersection with Fry Road | Traffic Counts Exceed 22,876 Vehicles per Day
Exclusively Listed By
Financing By
Listing Price: $3,525,000
Investment Highlights
- 21,000-Square-Foot, Multi-Tenant Flex Retail Center Located in a Rapidly Growing Area, Experiencing a 9.4% Population Increase over a Five-Year Period
- 100% Leased | All Leases are Triple-Net | Majority of the Leases Include Annual Rent Increases, Providing Year-Over-Year Income Growth Potential
- New (2022) Construction | Comprised of Two Buildings Featuring a Metal Roof and Front Entry Overhead Doors | Situated on a 1.98-Acre Parcel with Concrete Parking
- Located on FM Road 529, Near the Intersection with Fry Road | Traffic Counts Exceed 22,876 Vehicles per Day
Investment Overview
Cypress Flex Retail Center is a 21,000-square-foot, multi-tenant flex retail center located in the Houston suburb of Cypress, Texas. The center is currently 100 percent occupied with triple-net leases, and 88 percent of the gross leasable area has rent escalations. Tenants consist of Jason Auto, Anaya's Tire Shop, AF Muffler Shop, United C Zone, Cool Design Auto Body Shop, and a Vape Shop. Situated on a 1.98-acre lot, the building is newer (2022) construction with a modern façade, metal roofing, bay doors, and concrete parking. The subject property is located on FM Road 529, near the intersection with Fry Road with cumulative traffic counts of 22,876 vehicles per day. Nearby national and regional retailers include Fiesta Mart, Subway, Goodwill, Chicken Express, Jiffy Lube, O'Reilly Auto Parts, National Tire & Battery, Walgreens, Jack in the Box, Papa John's Pizza, Popeye's Louisiana Kitchen, Starbucks, Take 5 Oil Change, Sherwin-Williams Paint Store, Blaze Pizza and many others. The property is also in close proximity to several school campuses, including Duryea Elementary School, Harmony Science Academy, Hoover Elementary School, and Jowell Elementary School providing additional traffic to the area. Cypress High School is just 1.5 miles north of the subject property with a current enrollment of approximately 2,788 students. The surrounding area benefits from strong demographics, serving a population of more than 311,869 residents within a five-mile radius. The average household income of $89,147 within a one mile radius; $102,807 within a three-mile radius and $108,116 within a five-mile radius.
Exclusively Listed By
Financing By
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