9410 Fry RdCypress, TX 77433

Property Details for 9410 Fry Rd

Year built

2024

Property size (Sq ft)

850 SF

Property type

Retail properties

Property subtype

Freestanding property

Description

This exceptional investment opportunity presents a brand-new, 2024-constructed Salad and Go restaurant in Cypress, Texas. The property boasts a 20-year absolute NNN ground lease with three, 5-year renewal options, ensuring long-term stability and predictable cash flow. The lease includes a favorable 10% rent increase every five years, providing a built-in hedge against inflation. This 850-square-foot, single-tenant building sits on a 28,750-square-foot lot and enjoys 100% occupancy. The property's strategic location along Fry Road (30,469 vehicles per day) within a thriving retail and multi-family development, surrounded by affluent master-planned communities like Bridgeland, Blackhorse, Cypress Creek Lakes, and Towne Lake, ensures high visibility and strong customer traffic. The Salad and Go features a double drive-thru and a separate mobile express pick-up window, maximizing operational efficiency and customer convenience. The property generates a Net Operating Income (NOI) of $99,000, representing a 5.75% cap rate on the asking price of $1,721,739. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market within a tax-free state. The property's strong tenant, long-term lease, and built-in rent increases make it an attractive investment for those seeking stable returns and long-term growth potential. The location benefits from excellent visibility and proximity to Interstate 30 (63,740 VPD).

Location Insight

City

Cypress

County

Harris

State

Texas

Latitude

29.9253

Longitude

-95.7282

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