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28296620
28342682

22560 TX-249, Houston, TX 77070

KV
TX 612661
Cushman & Wakefield Houston
Listed by Cushman & Wakefield Houston
$8,345,000
196 days on market
Updated 51 days ago

Spring Cypress Corner

Details
APN 1335290010001
Property Type Retail
Sub Type Restaurant
Square Footage 12,275
Net Rentable (SqFt) 12,275
Units 6
Cap Rate 5.50%
NOI $459,000
Occupancy 100%
Tenancy Multi
Brand/Tenant Dunkin', T-Mobile (+4)
Lease Type NNN
Price per SqFt $680
Class A
Year Built 2013
Buildings 1
Stories 1
Acreage 1.630
Zoning Commercial Retail
Parking Spaces 5.41 per 1,000 sq ft
Ownership Fee Simple

Retail | 12,275 SqFt

Marketing description

Cushman & Wakefield’s Retail Investment Advisors are pleased to present the opportunity to acquire Spring Cypress Corner (“Property”), a Trophy Class-A Retail Strip Center in Houston, Texas, one of the top-5 msa in the country. Spring 249 and Spring Cypress Road, is a premier retail asset positioned at one of Houston’s elite power intersections with traffic counts exceeding 70,000 VPD.


The property serves a dense and affluent trade area of over 112,000 residents within 3 miles, boasting an average household income of $143,000. The center is leased to a 100% e-commerce resistant tenant mix, including Dunkin Donuts, Freebirds, Marble Slab Creamery, FedEx Office, and T-Mobile, and is shadow-anchored by Sprouts Farmers Market, driving consistent daily traffic.


Strategically positioned in northwest Houston, the property occupies a high-visibility corner along State Highway 249, a major north– south artery linking directly to Beltway 8, the Grand Parkway (TX99), and Loop 610. Located just 3 miles from TX-99 and 15 miles from Loop 610, the site offers seamless regional access across the Houston MSA. Spring Cypress Road enhances east-west connectivity and drives strong daily traffic volumes through this elite power intersection.


Surrounded by affluent master-planned communities and complementary national retailers, the intersection serves as a key retail hub for the rapidly growing northwest sub market.

Investment highlights

  • Elite Power Intersection: Located on the Southeast corner of Highway 249 and Spring Cypress Road, widely regarded as one of the premier retail intersections in the Houston metro. Combined vehicle counts at this intersection often exceed 70,000 per day, ensuring maximum daily visibility for retailers.

  • Dense & Affluent Trade Area: Decades of master-planned growth along 249 have established a dense residential base, while top schools, quality housing, and nearby employment centers attract affluent professionals, positioning Spring Cypress Corner at the heart of one of Houston’s strongest suburban retail trade areas. There are 112,000 people with an average household income of $143,000 in a 3-mile radius

  • Premier Corner Location: Exceptional Visibility and Convenient Multi-Point Access at a High-Traffic Signalized Intersection.

  • Grocery Shadowed: Shadow-Anchored by Sprouts Farmers Market, a nationally recognized grocer that drives consistent daily traffic and cross-shopping. In addition, Spring Cypress Village shadows Spring Cypress Corner and averages 1.1 M visitors per year.

  • Newer Construction With Minimal Landlord Responsibilities: Pride of ownership asset built in 2013 and institutionally maintained. High quality stone veneer building with appealing elevations and regal gables. In addition, the property features architectural metal canopies over store fronts that provide a sleek, modern façade element while enhancing storefront visibility and curb appeal.

Listing Contacts

KV
TX 612661
Cushman & Wakefield Houston
Listed by Cushman & Wakefield Houston

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$459,000.00
$38,250.00/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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