FM 1960 West & Interstate 45
Houston, TX 77090 ·
141,035 SF · Retail For Sale
Cypress Station Square
|Gross Leasable Area||141,035 SF||Tenancy||Multiple|
|Property Type||Retail||Year Built||1986|
|Property Sub-type||Neighborhood Center||Lot Size||14.19 AC|
|Property Use Type||Investment||APN / Parcel ID||1166480000001|
|Cap Rate||10%||Parking Ratio||5.70 / 1,000 SF|
|Listing ID: 16108826||Date Created: 02/18/2009||Last Updated: 12/20/2009|
Transwestern, the exclusive representative ( Broker ) for the owner of Cypress Station Square ( Owner ), is pleased to offer for sale the 139,046 square foot neighborhood retail center (the Property ) located on the northwest corner of Interstate 45 and F.M. 1960 West in the far northern sector of Houston, Texas. The center is anchored by Outback Steakhouse, Hooters and David' s Bridal. The center also has recently leased space to a Texas Workforce Commission site and ATI Vocational School (est. commencement 2/1/10).
Strategically developed in the path of middle and high-end single-family and multi-family residential developments, the subject Property features both national and regional tenants attracting shoppers from The Woodlands, Kingwood and the F.M. 1960 corridor. This well-located retail asset is situated on approximately 14.19 acres with five pad sites included in the offering and is attractively landscaped with a variety of trees and foliage well-suited for the Houston climate.
Cypress Station Square is located at the northwest corner of Interstate 45 and F.M. 1960 in the northern sector of Houston. The highly visible and strategic commercial corridor location at this well-traveled intersection positions Cypress Chase in the center of retail and residential development. Within 1/2 mile of the Property are fine furniture stores including Bassett, Star Furniture, Ethan Allen and Louis Shanks and upscale auto dealers including Mercedes, BMW, Infinity, Jaguar, Porsche and Land Rover. Surrounding area retail includes Kroger, Office Depot, Babies R Us, PetsMart, and Golfsmith. The 2006 population estimate in a 5 mile radius is 174,991 residents, projected to grow to 194,642 residents by 2011. Another factor driving the area' s market is the renowned Northwest Medical Center, just west of Cypress Station. A medical staff of approximately 600 members offers a wide range of inpatient, outpatient and diagnostic imaging services.
- EXCELLENT LOCATION, ACCESS & VISIBILITY.
- NATIONAL TENANT ROSTER.
- #1 DAVID'S BRIDAL STORE NATIONWIDE IN 2007.
- HOUSTON RETAIL MARKET OUTPERFORMS NATION.
- THRIVING TRADE AREA.
- STRONG HOUSTON ECONOMY.
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