17814 Spg Cypress Rd Cypress, TX 77429-6289

Property Details for 17814 Spg Cypress Rd

Year built

2012

Construction

STEEL FRAME

Lot size

0.17 lot acres

Property size

9,136 SF

Property type

Retail space

APN

460730000012

APU

460730000012

Description

This exceptional Class A retail shopping center, built in 2012, offers a compelling investment opportunity. The 7,837 square foot property is situated on 1.14 acres in Cypress, Texas, at 17814 Spring Cypress Rd, 77429, and boasts a 100% occupancy rate with three national credit tenants under NNN leases. The leases commenced June 30, 2012, and expire December 29, 2032, providing a remaining term of 10 years. The property generates a strong net operating income (NOI) of $276,462, representing a 6.00% cap rate. Two of the three tenants have contractual rent bumps, ensuring future income growth. The center benefits from excellent visibility and accessibility, with over 200,000 vehicles passing daily via Highway 290 and surrounding roads. Located in a high-growth area with an average household income exceeding $161,926 within a 3-mile radius and a population of over 82,110 residents, this property offers a stable and consistent cash flow with minimal landlord responsibilities. Ample parking is available (6.8 spaces per 1,000 sq ft). The property's strategic location between Lowe's and Target in a major retail hub further enhances its value and potential for long-term growth. The tenant mix is e-commerce resistant, comprising a dental practice, a national haircut chain, and a national optometry chain. This investment presents a rare opportunity to acquire a stable, high-performing retail asset in a thriving market.