20703 Tuckerton RdCypress, TX 77433

For Sale
$3,767,000

Cypress, TX: High-growth QSR investment.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a brand-new, 2,325 square foot Chipotle restaurant located in the thriving Cypress, Texas market at 20703 Tuckerton Rd, 77433. The property boasts a 15-year absolute NNN lease commencing October 15, 2024, and expiring October 15, 2039, with built-in 10% rent increases every five years, ensuring consistent passive income. The property features a strong 4.50% cap rate and a Net Operating Income (NOI) of $169,500. Situated in a high-traffic area with over 40,000 vehicles per day, this location benefits from its proximity to major retailers, including H-E-B, Chase Bank, and other QSRs, within the Cypress Creek Plaza mixed-use development. The surrounding area showcases significant residential growth, with a nearly 800% population increase since 2010 and a projected 20% growth over the next five years. This affluent demographic boasts an average annual household income exceeding $221,069 within a one-mile radius. The property's strategic location within established master-planned communities like Bridgeland, Miramesa, and Cypress Creek Lakes further enhances its appeal. This is a 1031 exchange eligible property, offering a secure and lucrative investment opportunity in a rapidly expanding market. The tenant, Chipotle, is a credit-rated, Fortune 500 company with a corporate guarantee, providing additional security and peace of mind. The asking price is $3,767,000.

Highlights

  • Prime retail location at Fry Road & Tuckerton Road intersection in Cypress, TX, boasting high daily traffic counts.
  • High visibility and accessibility with 40,000+ vehicles daily.
  • Located adjacent to a thriving H-E-B anchored mixed-use center with strong retail and residential components.
  • Excellent walkability to multiple master-planned communities, fueling strong residential growth.
  • Superior ingress/egress with multiple access points and traffic signals.
  • Surrounded by major national retailers, including Life Time, Kroger, Starbucks, and more.

Property Details for 20703 Tuckerton Rd

Property type
Other retail properties, Restaurants
Square Feet
2,325 SF
Year Built
2024

Location Insight

City
Cypress
County
Harris
State
Texas
Latitude
29.926074697798
Longitude
-95.726079640545
20703 Tuckerton Rd, Cypress, Texas

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20703 Tuckerton Rd
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