14044 Spg Cypress Rd Cypress, TX 77429-1963

Property Details for 14044 Spg Cypress Rd

Year built

2012

Construction

WOOD FRAME

Lot size

0.90 lot acres

Property size

8,659 SF

Property type

Medical offices

Property subtype

Medical centers

APN

1335550010001

APU

1335550010001

Description

This exceptional investment opportunity presents a single-tenant, 8,238 square foot medical office building in Cypress, Texas. The Class B property, built in 2016 and renovated in 2023, sits on a 0.9-acre lot at a hard signalized corner, shadow-anchored by a high-traffic H-E-B grocery store with over 1.6 million annual visitors. The building is 100% occupied by a credit-rated tenant, Houston Methodist Primary Care Group, under a net lease with 3% annual rent increases. The lease has a significant remaining term. Located at 14044 Spring Cypress Rd, Cypress, TX 77429, this property boasts exceptional demographics, with average household incomes exceeding $137,000 within a one-mile radius and a population exceeding 200,000 within a five-mile radius. The asking price is $4,525,400, representing a 6.00% cap rate and a price per square foot of $549.33. This is a hands-off investment with limited landlord responsibilities and strong potential for long-term returns due to the high-quality tenant, favorable lease terms, and prime location. The property's location on a gateway out-parcel ensures high visibility and accessibility. Within a two-mile radius, 92% of homes are owner-occupied, indicating a stable and desirable community for medical practices.

Location Insight

City

Cypress

County

Harris

State

Texas

Longitude

-95.6366

Latitude

30.0042

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments