20703 Tuckerton Rd Cypress, TX 77433
- Retail properties
- 2,325 SF
Current Use by Public Records
- Retail properties
Property Details for 20703 Tuckerton Rd
- Year built
- 2024
- Property size
- 2,325 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 2,325 square foot Chipotle restaurant located in the thriving Cypress, Texas market at 20703 Tuckerton Rd, 77433. The property boasts a 15-year absolute NNN lease commencing October 15, 2024, and expiring October 15, 2039, with built-in 10% rent increases every five years, ensuring consistent passive income. The property features a strong 4.50% cap rate and a Net Operating Income (NOI) of $169,500. Situated in a high-traffic area with over 40,000 vehicles per day, this location benefits from its proximity to major retailers, including H-E-B, Chase Bank, and other QSRs, within the Cypress Creek Plaza mixed-use development. The surrounding area showcases significant residential growth, with a nearly 800% population increase since 2010 and a projected 20% growth over the next five years. This affluent demographic boasts an average annual household income exceeding $221,069 within a one-mile radius. The property's strategic location within established master-planned communities like Bridgeland, Miramesa, and Cypress Creek Lakes further enhances its appeal. This is a 1031 exchange eligible property, offering a secure and lucrative investment opportunity in a rapidly expanding market. The tenant, Chipotle, is a credit-rated, Fortune 500 company with a corporate guarantee, providing additional security and peace of mind. The asking price is $3,767,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cypress
- County
- Harris
- State
- Texas
- Longitude
- -95.7261
- Latitude
- 29.9261
