14904 Spg Cypress Rd Cypress, TX 77429-6378

This exceptional investment opportunity presents a 5,746 square foot auto shop in Cypress, Texas, currently operating under a 20-year absolute NNN lease with a tenant in place. Built in 2015 and renovated in 2022, the property boasts a 7% cap rate and a substantial net operating income (NOI) of $300,000. The lease includes 10% rent bumps every five years and three 10-year renewal options, ensuring long-term, stable income. Located at 14904 Spring Cypress Rd, 77429, in Harris County, this property benefits from high traffic counts (24,529 vehicles daily on Spring Cypress Rd and 37,785 on Telge Rd) and is surrounded by strong retail anchors including 7-Eleven, H-E-B, Chick-fil-A, and more. The affluent area boasts an average household income exceeding $161,073 within a one-mile radius. This sale includes a leaseback agreement, minimizing landlord responsibilities. The property's strong tenant, high NOI, and favorable lease terms make this a compelling investment opportunity with significant long-term potential. The asking price is $4,290,000.