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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

The Bad Ass Coffee Co.
Frost Bank
Navy Federal Credit Union
Aqua-Tots Swim Schools
IHOP
Starbucks
Five Guys
Chili's
Denny's
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1354540010003
Land Assessment
$206,341 CAD
Improvements Assessment
$944,752 CAD
Total Assessment
$1,151,093 CAD
  • Listing ID: 31890641

  • Date on Market: 2024-05-22

  • Last Updated:

  • Address: 16616 House & Hahl Rd, Cypress, TX 77433

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