For Sale
$2,573,000

16616 House & Hahl RdCypress, TX 77433

6,840 SF Auto Shop, 15+ Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity: a 6,840-square-foot auto shop in Cypress, TX, boasting a strong 15.3-year remaining lease term with Sun Auto Tire & Service, a top-10 national auto retailer. This absolute NNN lease features a 1.75% annual rent increase, beginning March 2025, and four 5-year renewal options at a 10% increase each. The property, built in 2015, sits on a 0.68-acre lot and generates a substantial NOI of $154,348, representing a 6.00% cap rate on the $2,573,000 asking price. The lease commenced February 29, 2020, and expires February 28, 2040. Located at 16616 House & Hahl Rd, Cypress, TX 77433, this property benefits from its position within a high-income area (average household income over $137,000 within a 3-mile radius), part of the rapidly growing Houston MSA. This fee-simple investment offers a secure, long-term income stream with minimal landlord responsibilities. The tenant, Sun Auto Tire & Service, operates 425 locations across 18 states and this specific location is ranked among their top 4 performers. The property's below-market rent provides additional upside potential. This is a rare opportunity to acquire a high-performing asset in a prime location.

Highlights

  • Single-tenant, corporate-guaranteed Sun Auto Tire & Service with a strong operating history and new long-term lease; significant net worth guaranty available upon request.
  • Absolute NNN lease; no landlord responsibilities.
  • 20-year initial term with 17 years remaining and four 5-year options.
  • 1.75% annual rent increases during the primary term; 10% increases at each option.
  • Fee simple ownership; land and building included.
  • Sun Auto Tire & Service, a top 10 national tire retailer with 425 locations, occupies the property; previously operated as Louetta Auto.

Property Details for 16616 House & Hahl Rd

Property type
Retail properties, Auto shops
Year Built
2015
Lot Size (sq. ft)
29,621 SF

Location Insight

City
Cypress
County
Harris
State
Texas
Latitude
29.962532222011
Longitude
-95.710017437327
16616 House & Hahl Rd, Cypress, Texas

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16616 House & Hahl Rd
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