9410 Fry Rd Cypress, TX 77433
- Retail properties
- 850 SF
Current Use by Public Records
- Retail properties
Property Details for 9410 Fry Rd
- Year built
- 2024
- Property size
- 850 SF
- Property type
- Retail properties
- 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).
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
- -95.7282
- Latitude
- 29.9253
