$2,243,478 USD
404-369-4352
1136 Spring Cypress Rd
Spring, TX 77373
Old Town Spring
HIGHLIGHTS
- 20-year Absolute Triple Net (NNN) Lease with 10% increases every 5 years.
- Lease guaranteed by an award-winning multi-unit operator with deep experience in auto service operations.
- Ideal for investors seeking a stable, hands-off income-producing asset.
- Tenant has invested substantial capital into improvements and upgrades.
- 75k+ population in 3-Mile Radius.
- Average household income over $110k across 3-Mile, 5-Mile, & 10-Mile Radius.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 5,025 SF Big O Tires located at 1136 Spring Cypress Road in Spring, TX. This offering features a 20-year Absolute Triple Net (NNN) Lease with 10% rental increases every 5 years, providing stable, long-term income with zero landlord responsibilities. The lease is backed by an award-winning, experienced multi-unit operator, ensuring a reliable and low-management investment opportunity.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$2,243,478 USD
PRICE/SF
$499 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Big O Tires - Spring, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Auto Dealership, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1973
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.43 AC
LAND SF
18,748 SF
ZONING
-
APN/PARCEL ID
0450100030004
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404-369-4352
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404-369-4352
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