14044 Spring Cypress RdCypress, TX 77429

For Sale
$4,525,400

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a single-tenant, 8,238 square foot medical office building in Cypress, Texas. The Class B property, built in 2016 and renovated in 2023, sits on a 0.9-acre lot at a hard signalized corner, shadow-anchored by a high-traffic H-E-B grocery store with over 1.6 million annual visitors. The building is 100% occupied by a credit-rated tenant, Houston Methodist Primary Care Group, under a net lease with 3% annual rent increases. The lease has a significant remaining term. Located at 14044 Spring Cypress Rd, Cypress, TX 77429, this property boasts exceptional demographics, with average household incomes exceeding $137,000 within a one-mile radius and a population exceeding 200,000 within a five-mile radius. The asking price is $4,525,400, representing a 6.00% cap rate and a price per square foot of $549.33. This is a hands-off investment with limited landlord responsibilities and strong potential for long-term returns due to the high-quality tenant, favorable lease terms, and prime location. The property's location on a gateway out-parcel ensures high visibility and accessibility. Within a two-mile radius, 92% of homes are owner-occupied, indicating a stable and desirable community for medical practices.

Highlights

  • High concentration of homeowners (92% within 2 miles) creates a stable market for medical practices.
  • Investment-grade tenant: Houston Methodist boasts an AA S&P bond rating (2020).
  • Passive investment opportunity: Existing property management minimizes landlord responsibilities.
  • Strong demographics: Average household income exceeds $137,000 within one mile, with over 200,000 residents within five miles.
  • H-E-B-shadowed location: High-traffic outparcel with 1.6 million annual H-E-B visitors.
  • High-visibility location: Hard corner, signalized intersection with Chick-fil-A.

Property Details for 14044 Spring Cypress Rd

Property type
Other office properties, Medical offices
Square Feet
8,238 SF
Class
B
Year Built/Renovated
2016/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
39,204 SF

Location Insight

City
Cypress
County
Harris
State
Texas
Latitude
30.00429694366
Longitude
-95.636786034741
14044 Spring Cypress Rd, Cypress, Texas

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14044 Spring Cypress Rd
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