14011 Spring Cypress Rd - Fast Food FOR SALE


Cypress, TX 77429
$3,506,000 USD
570-762-6075
14011 Spring Cypress Rd, Cypress, TX for Sale
$3,506,000 USD
Fast Food - FOR SALE
1/5
null | 3.85% Cap Rate

14011 Spring Cypress Rd
Cypress, TX 77429


HIGHLIGHTS

  • Corporate Guaranteed Ground Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Across From HEB Anchored Center | Primary Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Chick-fil-A Corporate guaranteed lease • The tenant, Chick-fil-A, has 13-years remaining with 10 (5-year) option periods to extend, demonstrating their commitment to the site • The lease features 10% rental increases throughout the initial term and at the beginning of each option period

FOR SALE DETAILS

PRICE

$3,506,000 USD

PRICE/SF

$835 USD /SF

CAP RATE

3.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A | 13yrs Remain Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

-

APN/PARCEL ID

1185140220060

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.