14904 Spg Cypress Rd Cypress, TX 77429-6378
- Auto shops
- 9,030 SF
- 0.93 lot acres
Dec 09, 2020
Current Use by Public Records
- Now Auto Care / Brake Shop / Car Inspection Station
Property Details for 14904 Spg Cypress Rd
- Year built
- 2015
- Construction
- METAL FRAME
- Lot size
- 0.93 lot acres
- Property size
- 9,030 SF
- Property type
- Auto shops
- APN
- 1257390010001
- APU
- 1257390010001
Description
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.
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
- -95.6502
- Latitude
- 29.9924
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
