Shopping Strip

Spring Cypress Commons

21327 North Fwy, Spring, TX 77388

Listing Price: $3,357,090

Cap Rate
7.25%
Gross SF
9,162
Rentable SF
9,162
Price/Gross SF
$366.41
Lot Size
0.87 acres
Year Built
2008

Investment Overview

The subject property is located at the signalized intersection of Spring Cypress Rd and Interstate 45 in the Houston MSA. Just North of the subject property is the Exxon Mobil Houston Campus which employs over 10, 000 people and attracts thousands of visitors per year. There are two high schools to the South and North East and numerous major grocers and retailers within close proximity to the property.

The property, which was built in 2008, is a 9,162 square foot retail center situated on 0.87 AC with three tenants and a 1,575 square foot vacancy. Tenants include Mattress Firm, T-Mobile, and American Shaman CBD shop which has 244 stores in 30 states. All tenants pay rent on time and fully reimburse for CAM, taxes, insurance, and management fee.

Spring, Texas is an affluent suburb of Houston with an average household income of $109,893 in a one-mile radius and a population of 88,812 in a three-mile radius. With freeway frontage on Interstate 45 giving the property considerable exposure and ease of access makes this asset desirable.

Investment Highlights

  • All leases are NNN
  • Freeway frontage with strong surrounding retail
  • Located at signalized hard corner
  • All tenants currently paying rent

Exclusively Listed By

Financing By

Shopping Strip

Spring Cypress Commons

Listing Price: $3,357,090

Cap Rate
7.25%
Gross SF
9,162
Rentable SF
9,162
Price/Gross SF
$366.41
Lot Size
0.87 acres
Year Built
2008

Investment Highlights

  • All leases are NNN
  • Freeway frontage with strong surrounding retail
  • Located at signalized hard corner
  • All tenants currently paying rent

Investment Overview

The subject property is located at the signalized intersection of Spring Cypress Rd and Interstate 45 in the Houston MSA. Just North of the subject property is the Exxon Mobil Houston Campus which employs over 10, 000 people and attracts thousands of visitors per year. There are two high schools to the South and North East and numerous major grocers and retailers within close proximity to the property.

The property, which was built in 2008, is a 9,162 square foot retail center situated on 0.87 AC with three tenants and a 1,575 square foot vacancy. Tenants include Mattress Firm, T-Mobile, and American Shaman CBD shop which has 244 stores in 30 states. All tenants pay rent on time and fully reimburse for CAM, taxes, insurance, and management fee.

Spring, Texas is an affluent suburb of Houston with an average household income of $109,893 in a one-mile radius and a population of 88,812 in a three-mile radius. With freeway frontage on Interstate 45 giving the property considerable exposure and ease of access makes this asset desirable.

Exclusively Listed By

Financing By

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