4420 Spring Cypress Rd - Storefront Retail/Office FOR SALE


Spring, TX 77388
$4,825,000 USD
936-320-3737
4420 Spring Cypress Rd, Spring, TX for Sale
$4,825,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 6.8% Cap Rate

4420 Spring Cypress Rd
Spring, TX 77388


HIGHLIGHTS

  • Core-Investment - Solid 6.8% Cap Rate
  • Exceptional Demographics
  • 26,790 APD - 100% Location
  • 100% Passive - All Tenants on NNN
  • Multi Tenant Retail Center - New Construction
  • 100% Occupancy

OVERVIEW

The $4,825,000 asset is a low-risk core investment, offering stable income in a prime location with long-term creditworthy tenants, ---a passive, headache-free investment! The center was completed in 2022 and experienced exceptional pre-leasing activity. An ideal asset for conservative investors prioritizing capital preservation and predictable cash flow at market rate returns. WhiteBox LLC., is the largest tenant at the center, and invested over $600,000 into their tenant improvements. The offering’s Cap Rate of 6.74% is based on actual signed leasing revenue including owner’s escrow credit. Below market rents provide significant 16% upside for a new owner seeking long-term growth. Sanctuary Plaza includes: 16,050 SF of new construction. Modern design with costly architectural style elements with defining features including its form, proportion, scale, materials and decorative details. These elements have been arranged to give Sanctuary Plaza its distinctive and identifiable character. From the building’s symmetry with its high rooflines, the use of attractive metal window and doorframes with matching “weather protection” overhangs and eves at each entry. The 1.97 acres provides ample parking at a ratio of 5.4 per 1,000 SF –--able to accommodate any use.

FOR SALE DETAILS

PRICE

$4,825,000 USD

PRICE/SF

$301 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14% Below Mkt. Rent Long Term Sanctuary Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Fast Food, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

N/A

APN/PARCEL ID

1316940010009

ASK ABOUT THIS PROPERTY

David Fisher, CCIMFisher AdvisorsMore Info
936-320-3737

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David Fisher, CCIMFisher AdvisorsMore Info
936-320-3737

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