9410 Fry Rd, Cypress, TX 77433
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).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.