8778 Fry Rd - Service Station FOR SALE


Cypress, TX 77433
$3,025,000 USD
202-361-3050
8778 Fry Rd, Cypress, TX for Sale
$3,025,000 USD
Service Station - FOR SALE
1/3
null | 5% Cap Rate

8778 Fry Rd
Cypress, TX 77433


HIGHLIGHTS

  • Absolute NNN Ground Lease - Zero landlord responsibilities
  • Corporate Guarantee lease
  • Attractive Rent Increases - 10% rental increases every 5 years
  • High-Traffic Retail Location - Positioned on Fry Rd in Cypress, TX
  • Established National Operator - Murphy Express (Murphy Oil USA branded retail concept)
  • Large 1.44-Acre Parcel - 62,770 SF lot providing excellent visibility and access

OVERVIEW

Triple Net Investment Group is pleased to present Corporate Murphy Express at 8770 Fry Rd, Cypress, TX 77433, offered at $3,025,000 with NOI of $151,250. The property is secured by a 20-year Absolute NNN lease (9/30/2017 – 9/30/2037) with 10% rent increases every five years and four (4) five-year renewal options. Built in 2017, the asset features a 1,350 SF freestanding retail building on a 62,770 SF (1.44-acre) parcel with strong visibility along Fry Road. This investment offers long-term passive income backed by a nationally recognized fuel and convenience retailer. The site is supported by 39,100 residents within a 1-mile radius, reflecting strong recent population growth. The area reports a median house-hold income of $144,600 with projected continued growth. Additionally, the trade area includes approximately 28,100 employees and a strong homeowner-dominant residential base. In Association with Broker of Records Bethany Babcook Foresite Commercial Real Estate

FOR SALE DETAILS

PRICE

$3,025,000 USD

PRICE/SF

$2,241 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Corporate Murphy Oil Long Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding, Restaurant, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,031 SF

ZONING

F1

APN/PARCEL ID

1388600010001

ASK ABOUT THIS PROPERTY

Robert GamzehTriple Net Investment Group Inc.More Info
202-361-3050

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Robert GamzehTriple Net Investment Group Inc.More Info
202-361-3050

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