Cypress Flex Retail Center is a 21,000-square-foot, multi-tenant flex retail center located in the Houston suburb of Cypress, Texas. The center is currently 100 percent occupied with triple-net leases, and 88 percent of the gross leasable area has rent escalations. Tenants consist of Auto Haus Expo, Anaya’s Tire Shop, AF Muffler Shop, United C Zone, Cool Design Auto Body Shop, and a Vape Shop. Situated on a 1.98-acre lot, the building is newer (2022) construction with a modern façade, metal roofing, bay doors, and concrete parking.
The subject property is located on FM Road 529, near the intersection with Fry Road with cumulative traffic counts of 22,876 vehicles per day. Nearby national and regional retailers include Fiesta Mart, Subway, Goodwill, Chicken Express, Jiffy Lube, O’Reilly Auto Parts, National Tire & Battery, Walgreens, Jack in the Box, Papa John’s Pizza, Popeye’s Louisiana Kitchen, Starbucks, Take 5 Oil Change, Sherwin-Williams Paint Store, Blaze Pizza and many others. The property is also in close proximity to several school campuses, including Duryea Elementary School, Harmony Science Academy, Hoover Elementary School, and Jowell Elementary School providing additional traffic to the area. Cypress High School is just 1.5 miles north of the subject property with a current enrollment of approximately 2,788 students. The surrounding area benefits from strong demographics, serving a population of more than 311,869 residents within a five-mile radius. The average household income of $89,147 within a one mile radius; $102,807 within a three-mile radius and $108,116 within a five-mile radius.
- 21,000-Square-Foot, Multi-Tenant Flex Retail Center Located in a Rapidly Growing Area, Experiencing a 9.4% Population Increase over a Five-Year Period
- 100% Leased | All Leases are Triple-Net | Majority of the Leases Include Annual Rent Increases, Providing Year-Over-Year Income Growth Potential
- Tenants Consist of Internet-Resistant, Service-Oriented Businesses
- New (2022) Construction | Comprised of Two Buildings Featuring a Metal Roof and Front Entry Overhead Doors | Situated on a 1.98-Acre Parcel with Concrete Parking
- Property Includes a Pad Site with Approved Plans for a Third Building | Building Shell Materials in Landlord’s Possession will be Conveyed to Buyer at Closing
- Priced at $168 Per Square Foot
- Located on FM Road 529, Near the Intersection with Fry Road | Traffic Counts Exceed 22,876 Vehicles per Day
- Cypress Boasts Robust Demographics, High Retail Sales, and a Healthy Retail Market with 96.85% Occupancy Rates
- Numerous National and Regional Retailers in the Surrounding Area, Including Fiesta Mart, Subway, Goodwill, Jiffy Lube, O’Reilly Auto Parts, NTB-National Tire & Battery, Starbucks, Take 5 Oil Change, Sherwin-Williams Paint Store, and More
- Highly Affluent and Densely Populated Area | Population is 311,869 Residents within a Five-Mile Radius | Average Household Income is $89,147 within One Mile; $102,807 within Three Miles; and $108,116 within Five Miles
- The City is Located Along U.S. Route 290 (Northwest Freeway) | 24 Miles Northwest of Downtown Houston
