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12407 Grant Rd
Cypress, TX 77429
Walgreens · Retail Property For Sale
Investment Highlights
- APPROXIMATELY 11 YEARS REMAINING | INVESTMENT GRADE TENANT | CORPORATE GUARANTEED
- SIGNALIZED HARD CORNER INTERSECTION | DRIVE THRU EQUIPPED
- STRONG DEMOGRAPHICS IN AFFLUENT TRADE AREA
- NN LEASE | FEE SIMPLE OWNERSHIP | LIMITED LANDLORD RESPONSIBILITIES
- ACROSS FROM WALMART NEIGHBORHOOD MARKET | DENSE RETAIL CORRIDOR | LONE STAR COLLEGE - UNIVERSITY PARK
Property Facts
Property Type
Retail
Property Subtype
Building Size
13,905 SF
Building Class
C
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.60 AC
Zoning
Commercial
Parking
82 Spaces (5.9 Spaces per 1,000 SF Leased)
Frontage
148’ on Grant Rd
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
About 12407 GRANT RD , CYPRESS, TX 77429
The asset is located at the signalized, hard corner intersection of Grant Road and N. Eldridge Parkway with a combined 29,400 vehicles passing by daily. Walgreens is also directly across from a Walmart Neighborhood Market, which helps promote crossover shopping. Other nearby national/credit tenants include Kroger, Planet Fitness, Target, The Home Depot, 24 Hour Fitness, and more, further increasing consumer traffic to the subject trade area. In addition, Walgreens is less than 3 miles from Lone Star College - University Park (over 5,500 students enrolled). The 5-mile trade area is supported by a dense population of 255,000 residents with an affluent average household income of $115,000.
Property Taxes
| Parcel Number | 1202520010001 | Improvements Assessment | $1,404,213 |
| Land Assessment | $697,830 | Total Assessment | $2,102,043 |
Property Taxes
Parcel Number
1202520010001
Land Assessment
$697,830
Improvements Assessment
$1,404,213
Total Assessment
$2,102,043
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