10122 Cypress Creek Bend DrCypress, TX 77433

For Sale
$4,484,036.36
High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a newly constructed, 4,483 square foot auto shop in Cypress, Texas. Located at 10122 Cypress Creek Bend Dr, 77433, this property boasts a 20-year absolute NNN lease with a corporate guarantee, commencing July 30, 2024, and expiring July 30, 2044. The lease includes 4, 5-year renewal options with 1.50% annual rent increases. The property sits on a 1.12-acre lot and benefits from a 5.50% cap rate and a current NOI of $246,622. The asking price is $4,484,036.36. This strategically located property is situated centrally between US 290 and FM 529, within the entrance to the expansive 1,600-acre Cypress Creek Lakes master-planned community, experiencing significant residential growth. The property is 100% occupied and features a fee-simple ownership structure. Built in 2024, this is a rare opportunity to acquire a long-term, low-maintenance, high-return investment in a rapidly developing area.

Highlights

  • 20-Year Absolute NNN Lease with corporate guarantee.
  • Cypress, TX location at 10122 Cypress Creek Bend Dr, 77433, centrally located between US 290 and FM 529.
  • Situated at the entrance to the 1,600-acre Cypress Creek Lakes master-planned community, experiencing significant residential growth.
  • Newly constructed (2024), 4,483 SF auto shop on a 1.12-acre lot; 5.5% cap rate, $246,622 NOI, $4,484,036 asking price.

Property Details for 10122 Cypress Creek Bend Dr

Property type
Retail properties, Auto shops
Square Feet
4,483 SF
Year Built
2024
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Cypress
County
Harris
State
Texas
Latitude
29.9266355
Longitude
-95.7193388
10122 Cypress Creek Bend Dr, Cypress, Texas

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 10122 Cypress Creek Bend Dr Cypress, TX.
What is the asking price?
The asking price for this property is $4,484,036.36.
What are key features of this property?
This property features: 20-Year Absolute NNN Lease with corporate guarantee.; Cypress, TX location at 10122 Cypress Creek Bend Dr, 77433, centrally located between US 290 and FM 529.; Situated at the entrance to the 1,600-acre Cypress Creek Lakes master-planned community, experiencing significant residential growth.
How can I contact the broker?
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10122 Cypress Creek Bend Dr
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