25402 NORTHWEST FWY Cypress TX 77429-8683

Marcus & Millichap is pleased to exclusively list for sale Highway 290 Shopping Center, located at 25402 Northwest Freeway in Cypress, Texas.​

Strategically positioned along the highly trafficked Highway 290 retail corridor, this 10,200-square-foot retail center is a compelling investment opportunity in one of Northwest Houston’s most dynamic suburban markets.​ Built in 2021 and 100 percent occupied, the property delivers a stabilized income stream from two tenants with established operations, including a long-term lease commitment for the urgent care operator.​ There is value-add potential as Texas Floors’ lease converts from gross to triple-net upon commencement of the five-year renewal option beginning May 1, 2027.​

The location benefits from over 400 feet of frontage on Highway 290, with daily traffic counts exceeding 100,000 vehicles, excellent visibility, and access that supports sustained retail demand.​ The property is located near Houston Methodist Cypress Hospital and the main entrance to Cole’s Crossing, an affluent mast--er-planned community with strong demographic metrics— average household incomes in excess of $130,000 within a 1-mile radius— underscoring a robust local consumer base.​

Highway 290 Shopping Center is offered at a price of $4,530,000, which represents a Day 1 cap rate of 7.00 percent and a Pro Forma cap rate of 7.52 percent.​ With proximity to major retailers and service providers along the Spring Cypress retail node, the asset is well-positioned for long-term value retention and potential future upside.​

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  Frontage on Highway 290

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  100 Percent Occupied

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  Stabilized Income with Value-Add Potential

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  Built in 2021

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  Located Near Houston Methodist Cypress Hospital and Cole’s Crossing

PROMINENT LOCATION

- More than 400’ of frontage on Highway 290 with high traffic counts - 101,145 VPD

- Near the main entrance of Cole’s Crossing: an affluent 2,600 home master planned community. Cole’s Crossing is well known for the quality of the schools with home prices from $300,000 to over $1,000,000

- High incomes in the area: $130,000 within 1-mile, $141,000 within 3-miles, $140,000 within 5-miles

- The Highway 290 & Spring Cypress retail corridor is home to Best-In-Class retailers and restaurants including, Target, Kroger, Lowe’s, Home Depot, Walmart and many others.

- Total Spending Potential Index of 132-145 within 1-, 3-, and 5-miles (ESRI) (National Average = 100)

- Located less than a mile from the brand new Houston Methodist Cypress Hospital located on 105 Acres with 100 Beds and the ability to expand to 276 beds, 9 Operating Rooms (Total 15 ORs), Dedicated AOD & PACU (24 Rooms) 3 Cath Labs, 2 Davinci Robot Suites, 2 Endoscopy Suites, a Bronchoscopy Suite, and 29 Emergency Department Rooms

ATTRACTIVE TENANCY

- Excel Urgent Care will sign a 10 year NNN leaseback at closing. Excel Urgent Care has been in business since 2006 and has three locations in the Houston MSA.

- Texas Floors has contractual annual increases as a hedge against inflation.

- Household Furnishings and Equipment Spending index of 134-149 within 1-, 3-, and 5-miles (ESRI) (National Average = 100)

OLDHAM GOODWIN is pleased to present 25402 Northwest Fwy, a 10,200 SF retail strip center in Cypress, TX (Houston MSA) for consideration. The property benefits from frontage on Hwy 290, one of the primary Northwest-southeast highway thoroughfares in Houston. The location near the cross street of Spring Cypress is a prominent retail corridor that offers high visibility, accessibility, and substantial daily traffic counts.