Sun Auto Service | Cypress, TX | 16616 House & Hahl Rd
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Sun Auto Service | Cypress, TX 16616 House & Hahl Rd
6,840 SF Retail Building Cypress, TX 77433 $3,614,242 CAD ($528 CAD/SF) 6% Cap Rate
Investment Highlights
- Single-Tenant Corporate Sun Auto Service with Proven Operating History and New Long-Term Lease: Huge net worth guaranty
- 1.75% annual increases during the primary term and 10% increases at each option | Fee simple investment (offering includes both land and building)
- Outstanding Location Within the Dense, Highly Affluent Cypress Community of Houston: Average household income over $137,000 in a 3-mile radius
- Absolute NNN lease with zero landlord responsibilities | 20-year initial lease term with 17 years remaining and four 5-year options
- Below Market Rent & Low Price Pt: Subject property was originally a Louetta Auto until it was purchased by GB Auto Service, Inc. & became rebranded
- Part of the Houston MSA: #1 “America’s Fastest Growing Cities” (Forbes)
Executive Summary
Absolute NNN 17-Year Corporate Lease | Attractive 1.75% Annual Increases | Highly Affluent $140K AHHI Demographics
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,840 SF
Building Class
C
Year Built
2015
Price
$3,614,242 CAD
Price Per SF
$528 CAD
Cap Rate
6%
NOI
$216,810 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Land Acres
0.68 AC
Zoning
F1
Amenities
- Signage
- Monument Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 1354540010003 | Improvements Assessment | $944,752 CAD |
Land Assessment | $206,341 CAD | Total Assessment | $1,151,093 CAD |
PROPERTY TAXES
Parcel Number
1354540010003
Land Assessment
$206,341 CAD
Improvements Assessment
$944,752 CAD
Total Assessment
$1,151,093 CAD
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Sun Auto Service | Cypress, TX | 16616 House & Hahl Rd
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