17814 Spring Cypress Rd 7,837 SF 100% Leased Retail Building Cypress, TX 77429 $4,600,000 ($586.96/SF) 6% Cap Rate

Cushman & Wakefield’s Retail Investment Advisors have been exclusively retained to execute the sale of Spring Cypress Retail Center (the “Property”), a 100% E-Commerce resistant, Class-A strip center located in Northwest Houston, Texas. The property is strategically positioned and shadowed-anchored between Lowe’s Home Improvement and Target in the epicenter of a premiere regional retail destination of Northwest Houston. This prime asset is fully leased to 3 national credit tenants occupying 7,837 square feet of retail space on 1.14 acres of land. In addition, Two of the tenants, 85% of the NRA, have contractual rent increases of over 9% in the next 2.5 years, providing nearly $25,000 of additional annual income.
The Property enjoys access and visibility to over 200,000 vehicles per day via Highway 290 and surrounding thoroughfares and is proximate to several traffic-generating, best-in-class, large-format national retailers such as Target, Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, Ross, Best Buy and Hobby Lobby. Additionally, there is limited supply of retail space in the immediate trade area providing further support for sustainable rent growth at the Property into the foreseeable future.
Spring Cypress Retail Center offers investors the opportunity to acquire a stabilized class-A retail strip center with minimal landlord responsibilities in one of the fastest growing submarkets in the United States with over 82,110 residents living within a 3-mile radius and an average household income of $161,926.