11407 Spring Cypress Rd - Freestanding FOR SALE
Houston, TX 77070 |
11407 Spring Cypress Rd
Houston, TX 77070
HIGHLIGHTS
- Walmart Supercenter Adjacent Retail Center
- Spring Cypress Shopping Center is adjacent to a Walmart Supercenter near the intersection of Spring Cypress Rd. and Hwy 249
- Below Market Rents: With an average rental rate of $17.60/sf, the asset has rents 34% below the submarket average of $23.65/sf.
- 50% of the current tenancy rolls to options or market over the first 4 years of analysis, providing investors an opportunity to increase rents
- Traffic counts exceeding 160,000 VPD at the main intersection of Spring Cypress Rd and Tomball Parkway.
- 228,000 population within a 5-mile radius | $125k average household income within 3-mile radius
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
20391
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
112
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
1259510010001
