9410 Fry Rd Cypress, TX 77433

Property Details for 9410 Fry Rd

Year built

2024

Property size

850 SF

Property type

Retail properties & Spaces

Property subtype

Freestanding property

Description

This exceptional investment opportunity presents a brand-new, 2024-constructed Salad and Go restaurant in Cypress, Texas. The property boasts a 20-year absolute NNN ground lease with three, 5-year renewal options, ensuring long-term stability and predictable cash flow. The lease includes a favorable 10% rent increase every five years, providing a built-in hedge against inflation. This 850-square-foot, single-tenant building sits on a 28,750-square-foot lot and enjoys 100% occupancy. The property's strategic location along Fry Road (30,469 vehicles per day) within a thriving retail and multi-family development, surrounded by affluent master-planned communities like Bridgeland, Blackhorse, Cypress Creek Lakes, and Towne Lake, ensures high visibility and strong customer traffic. The Salad and Go features a double drive-thru and a separate mobile express pick-up window, maximizing operational efficiency and customer convenience. The property generates a Net Operating Income (NOI) of $99,000, representing a 5.75% cap rate on the asking price of $1,721,739. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market within a tax-free state. The property's strong tenant, long-term lease, and built-in rent increases make it an attractive investment for those seeking stable returns and long-term growth potential. The location benefits from excellent visibility and proximity to Interstate 30 (63,740 VPD).

Location Insight

City

Cypress

County

Harris

State

Texas

Longitude

-95.7282

Latitude

29.9253