566 W FM-1960 | Houston, TX 77090
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- LoopNet Team
566 W FM-1960
Houston, TX 77090
566 Cypress Creek Parkway · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% leased multi-tenant retail center featuring a diverse service-oriented, internet resistant tenant line-up poised to serve the dense trade area
- Located along FM 1960 near I-45, the Property benefits from immediate access to a combined 243,000+ cars per day
- Positioned within a dense retail, medical and industrial/flex hub, underpinning an exceptional daytime population of 254,000+ people (5-miles)
- Long-term upside through NNN lease conversion to enhance recovery income and a 4.46% RSF discrepancy offering additional future rental income
- Adjacent to a well-performing Kroger anchored power center, driving over 3.8 million customer visits annually (per Placer.ai)
- With its nation-leading population and job growth, thriving economy, and pro-business environment, Texas is a prime CRE investment destination
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,775 SF
Building Class
B
Year Built
1998
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.92 AC
Zoning
N/Ap - Commercial
Parking
44 Spaces (4.5 Spaces per 1,000 SF Leased)
Frontage
140’ on Fm-1960 Rd
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 1186320000006 | Improvements Assessment | $1,912,022 |
| Land Assessment | $598,500 | Total Assessment | $2,510,522 |
PROPERTY TAXES
Parcel Number
1186320000006
Land Assessment
$598,500
Improvements Assessment
$1,912,022
Total Assessment
$2,510,522
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