8931 Fry Rd Cypress, TX 77433-6884

This exceptional investment opportunity presents a newly constructed 3,694 square foot McDonald's restaurant situated at 8931 Fry Road in Cypress, Texas, within the Houston MSA. The property boasts a 20-year absolute net ground lease, commencing December 30, 2024, and expiring December 31, 2044, with four 5-year renewal options. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The property sits on a 1.84-acre lot and benefits from a 3.75% cap rate and a strong net operating income (NOI) of $130,000. The building, constructed in 2024, enjoys 100% occupancy. This prime location is directly across from a new Walmart, projected to open in 2025, further enhancing its visibility and attracting significant foot traffic. The area is densely populated and affluent, with an average household income exceeding $155,000 within a 3-mile radius and over 40,000 vehicles passing daily. The 1-mile radius population growth from 2020-2024 was 2.4%, significantly higher than the state average. The asking price is $3,466,667, translating to a price per square foot of $938.46. This is a secure, low-maintenance investment with a highly reputable tenant, McDonald's, a Fortune 500 company. The estimated outside rent commencement date is January 29, 2025, with the store opening estimated for December 2024.