16616 House & Hahl Rd Cypress, TX 77433
- Retail properties
- 0.68 lot acres
Current Use by Public Records
- Retail properties
Property Details for 16616 House & Hahl Rd
- Year built
- 2015
- Lot size
- 0.68 lot acres
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
Exceptional investment opportunity: a 6,840-square-foot auto shop in Cypress, TX, boasting a strong 15.3-year remaining lease term with Sun Auto Tire & Service, a top-10 national auto retailer. This absolute NNN lease features a 1.75% annual rent increase, beginning March 2025, and four 5-year renewal options at a 10% increase each. The property, built in 2015, sits on a 0.68-acre lot and generates a substantial NOI of $154,348, representing a 6.00% cap rate on the $2,573,000 asking price. The lease commenced February 29, 2020, and expires February 28, 2040. Located at 16616 House & Hahl Rd, Cypress, TX 77433, this property benefits from its position within a high-income area (average household income over $137,000 within a 3-mile radius), part of the rapidly growing Houston MSA. This fee-simple investment offers a secure, long-term income stream with minimal landlord responsibilities. The tenant, Sun Auto Tire & Service, operates 425 locations across 18 states and this specific location is ranked among their top 4 performers. The property's below-market rent provides additional upside potential. This is a rare opportunity to acquire a high-performing asset in a prime location.
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
- -95.71
- Latitude
- 29.9625
