Corporate Sun Auto NNN
New
For Sale
$3,067,800
17932 Huffmeister Road, Cypress, TX 77429
Renovated automotive service property with a long-term absolute NNN lease and fee simple ownership.
Property Size7,380 SF
Days on Market3
Property Features for 17932 Huffmeister Road
General Information
Standard status
Active
Size
7,380 SF
Property subtype
Retail
Zoning
Commercial
Building Details
Building Size
7,380 SF
Year Built
2004
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners | San Diego
(858) 449-9922
Listed By:
Chuck Klein
(858) 449-9922
Source:
Srsre
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 11 at 4:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | San Diego
Investment Insights
Based on property information with market context.
This Cypress property is occupied by a corporate Sun Auto Tire & Service operation and was built in 2004. The building has been renovated, and the offering includes fee simple ownership of the real estate. Commercial zoning supports its established automotive service use.
The absolute NNN lease has 13.5 years remaining in its primary term, with four 5-year renewal options. The lease provides 1.75% annual rent increases during the initial term and 10% increases during each option period. The tenant is responsible for maintaining and operating all aspects of the premises, with no landlord responsibilities stated.
The property is located at 17932 Huffmeister Road in Cypress, Texas, within the Houston MSA.
The absolute NNN lease has 13.5 years remaining in its primary term, with four 5-year renewal options. The lease provides 1.75% annual rent increases during the initial term and 10% increases during each option period. The tenant is responsible for maintaining and operating all aspects of the premises, with no landlord responsibilities stated.
The property is located at 17932 Huffmeister Road in Cypress, Texas, within the Houston MSA.
Key Highlights
- Corporate Sun Auto Tire & Service tenancy
- 13.5 years remaining on the absolute NNN lease
- Four 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,688
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,753,760
$1.8M
Cap Rate 7%
$1,252,686
$1.3M
Cap Rate 9%
$974,311
$974.3K
Market Conditions
NOI Build-Up for 7,380 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$132.8K $18.00/SF
− Vacancy
−$7.6K −$1.03/SF
EGI
$125.3K $16.97/SF
− OpEx
−$37.6K −$5.09/SF
NOI
$87.7K $11.88/SF
Area
Harris County, TX
Vacancy
5.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,753,760
Cap Rate 7%
$1,252,686
Cap Rate 9%
$974,311
Alternative Uses
Best Use
Retail
$1.25M
$1.10M – $1.46M
NOI $87,688 @ 7.0% cap · market cap 2.86%
Second Best
Industrial
$904.0K
$791.0K – $1.05M
NOI $63,281 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$2.02M
$1.76M – $2.35M
NOI $141,058 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 45%
SUBWAY
Dining
2,523 visits/mo
0.4 miles
FedEx Office Print & Ship Center
Shops & Services
2,063 visits/mo
0.4 miles
Demographics for 77429, TX
94,176
Population
33,137
Households
2.8
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
37.8 sq mi
ZIP Area
2,491
Density / Sq Mi
$117,931
Median Household Income
$60,862
Median Earnings
$1,684
Median Rent
$342,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Renovated automotive service property with a long-term absolute NNN lease and fee simple ownership.
Where is this nnn property located?
The property is located at 17932 Huffmeister Road Cypress, TX.
What is the asking price?
The asking price for this property is $3,067,800.
What are key features of this property?
This property features: Corporate Sun Auto Tire & Service tenancy; 13.5 years remaining on the absolute NNN lease; Four 5‑year renewal options
