11407 Spring Cypress Rd | Houston, TX 77070
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- LoopNet Team
11407 Spring Cypress Rd
Houston, TX 77070
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Walmart Supercenter Adjacent Retail Center
- Below Market Rents: With an average rental rate of $17.60/sf, the asset has rents 34% below the submarket average of $23.65/sf.
- Traffic counts exceeding 160,000 VPD at the main intersection of Spring Cypress Rd and Tomball Parkway.
- Spring Cypress Shopping Center is adjacent to a Walmart Supercenter near the intersection of Spring Cypress Rd. and Hwy 249
- 50% of the current tenancy rolls to options or market over the first 4 years of analysis, providing investors an opportunity to increase rents
- 228,000 population within a 5-mile radius | $125k average household income within 3-mile radius
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,391 SF
Building Class
C
Year Built
2003
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.80 AC
Zoning
None
Parking
112 Spaces (5.49 Spaces per 1,000 SF Leased)
Frontage
270’ on Spring Cypress Rd
AMENITIES
- Pylon Sign
- Signage
- Recessed Lighting
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 1259510010001 | Improvements Assessment | $2,072,452 |
| Land Assessment | $959,760 | Total Assessment | $3,032,212 |
PROPERTY TAXES
Parcel Number
1259510010001
Land Assessment
$959,760
Improvements Assessment
$2,072,452
Total Assessment
$3,032,212
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