10122 Cypress Creek Bend Dr Cypress, TX 77433
- Retail properties
- 4,483 SF
- 1.12 lot acres
Current Use by Public Records
- Service Street Auto Repair / Auto Repair Shop / Brake Shop
Property Details for 10122 Cypress Creek Bend Dr
- Year built
- 2024
- Lot size
- 1.12 lot acres
- Property size
- 4,483 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a newly constructed, 4,483 square foot auto shop in Cypress, Texas. Located at 10122 Cypress Creek Bend Dr, 77433, this property boasts a 20-year absolute NNN lease with a corporate guarantee, commencing July 30, 2024, and expiring July 30, 2044. The lease includes 4, 5-year renewal options with 1.50% annual rent increases. The property sits on a 1.12-acre lot and benefits from a 5.50% cap rate and a current NOI of $246,622. The asking price is $4,484,036.36. This strategically located property is situated centrally between US 290 and FM 529, within the entrance to the expansive 1,600-acre Cypress Creek Lakes master-planned community, experiencing significant residential growth. The property is 100% occupied and features a fee-simple ownership structure. Built in 2024, this is a rare opportunity to acquire a long-term, low-maintenance, high-return investment in a rapidly developing area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cypress
- County
- Harris
- State
- Texas
- Longitude
- -95.7193
- Latitude
- 29.9266
