1319 Cypress Creek PkwyHouston, TX 77090

This exceptional 82,073 square foot shopping center in Houston, Texas, presents a compelling investment opportunity. Boasting a 7.75% cap rate and a strong 96.92% occupancy, the property generates a substantial net operating income (NOI) of $980,887. Built in 2005, this single-story center sits on a 7.1-acre lot at 1319 Cypress Creek Pkwy, zip code 77090, within the thriving Harris County market. The center benefits from a strategic location, with significant traffic counts on nearby FM 1960 (52,928 vehicles per day) and I-45 (215,941 vehicles per day within a 10-minute drive). A substantial daytime population of over 164,854 employees resides within a 5-mile radius, ensuring a robust customer base. The tenant mix includes a significant percentage (37.8%) of national and government credit tenants, such as Advance Auto Parts, Harris County Public Health, and CSL Plasma, providing stability and long-term value. Furthermore, the property's location is enhanced by significant residential growth, with over 400 new homes under construction in adjacent developments, including DR Horton's Legacy Park and Harris County's Providence Gardens. This prime location, coupled with strong financial performance and a diverse tenant base, makes this shopping center an attractive investment prospect. The asking price is $12,760,000, translating to a price per square foot of $155.47.