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Excel Plaza 25402 Northwest Fwy 10,200 SF 100% Leased Retail Building Cypress, TX 77429 $4,700,000 ($460.78/SF) 6.26% Cap Rate
INVESTMENT HIGHLIGHTS
- Near the main entrance of Cole’s Crossing: an affluent 2,600 home master planned community.
- More than 400’ of frontage on Highway 290 with high traffic counts - 101,145 VPD
- High incomes in the area: $130,000 within 1-mile, $141,000 within 3-miles, $140,000 within 5-miles
EXECUTIVE SUMMARY
OLDHAM GOODWIN is pleased to present 25402 Northwest Fwy, a 10,200 SF retail strip center in Cypress, TX (Houston MSA) for consideration. The property benefits from frontage on Hwy 290, one of the primary Northwest-southeast highway thoroughfares in Houston. The location
near the cross street of Spring Cypress is a prominent retail corridor that offers high visibility, accessibility, and substantial daily traffic counts.
near the cross street of Spring Cypress is a prominent retail corridor that offers high visibility, accessibility, and substantial daily traffic counts.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,200 SF
Building Class
B
Year Built
2021
Price
$4,700,000
Price Per SF
$460.78
Cap Rate
6.26%
NOI
$294,300
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.41 AC
Zoning
None - none
Parking
51 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
420’ on Highway 290
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1350030010001 | Improvements Assessment | $6,576,042 |
| Land Assessment | $3,021,400 | Total Assessment | $9,597,442 |
PROPERTY TAXES
Parcel Number
1350030010001
Land Assessment
$3,021,400
Improvements Assessment
$6,576,042
Total Assessment
$9,597,442
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Excel Plaza | 25402 Northwest Fwy
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