8929 Spg Cypress Rd Spring, TX 77379-3138

This exceptional investment opportunity presents a 6,625-square-foot medical office building in Spring, Texas, boasting a 7.25% cap rate and a substantial 16.2 years remaining on a triple-net lease with a credit tenant, Total Point ER. The property, located at 8929 Spring Cypress Rd, 77379, features 23 parking spaces and sits on a 1.64-acre lot. Built in 2014, this fee-simple owned building benefits from a 100% occupancy rate and a strong net operating income (NOI) of $519,153. The lease, commencing December 1, 2021, and expiring February 1, 2041, includes four 5-year renewal options and features 2% annual rent bumps, ensuring consistent income growth. The property is zoned for commercial use and enjoys excellent visibility and access along Spring Cypress Road (36,400 vehicles per day), situated within a dense retail corridor and close to numerous residential communities. The surrounding area boasts a population of 268,000 residents and 85,000 employees within a 5-mile radius, with an average household income of $124,829. This offering presents a rare chance to acquire a stable, high-performing asset in a thriving market with minimal landlord responsibilities. The asking price is $7,161,000, translating to $1,080.91 per square foot. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio.