Listed by Bang Realty, SURMOUNT
$5,043,398
Sun Auto
Details
Property Type Retail
Sub Type Auto Shop, Automotive
Square Footage 6,703
Units 575
Cap Rate 5.65%
NOI $284,952
Tenancy Single
Brand/Tenant Sun Auto Tire & Service (575+ Units)
Lease Type NNN
Lease Term 20
Lease Expiration 12/30/2040
Remaining Term 14.5
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 2018
Acreage 1.090
Investment Type Net Lease
Lease Commencement 12/14/2020
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Sun Auto located at 9240 Fry Road. Cypress, TX 77433. The site consists of roughly 6,703 rentable square feet of building space on an estimated 1.09-acre parcel of land. Sun Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 12/15/2020. The current annual rent is $284,952 and has scheduled increases of 2.00% Annually.
The subject property is located in Cypress, TX, a rapidly expanding suburb within the Houston MSA, positioned along Fry Road in a high-growth residential corridor. The area has experienced significant population and household growth, driven by new master-planned communities and ongoing development activity. The property benefits from strong visibility and accessibility along a primary thoroughfare, with proximity to major retail centers, grocery anchors, and daily-needs services.
Investment highlights
- Exceptional Corporate Guarantee
- The Guarantor, Sun Auto Tire & Service, is a leading automotive repair service operator with over 575 units across several local and regional brands throughout the United States, providing investors with strong credit backing and long-term stability.
- Growing Vehicle Base & Longer Ownership
- The average age of vehicles on the U.S. roads has reached an all-time high of over 12.5 years, as consumers hold their cars longer due to rising vehicle prices and financing costs. This trend, combined with increasing used-car ownership, is fueling sustained demand for routine automotive maintenance services, making Sun Auto businesses well positioned for long-term stability and growth.
- Exceptional Roadside Visibility onto Fry Rd (21,200+ ADTC)
- The subject property is positioned along Fry Rd, which sees average daily traffic counts exceeding 21,200 vehicles, providing the site with best-in-class visibility to an array of potential customers traveling this thoroughfare each day. The site is positioned with strong ingress and egress points, providing a smooth and seamless pit stop for customers in need of automotive services.
- Affluent & Dense Demographics
- The subject property sits within a community with strong, affluent demographics, featuring average household incomes exceeding $190K within a 1-mile radius, supporting steady demand for automotive maintenance and repair services. Additionally, the population count within 5-miles of the property exceeds 223,000 individuals, providing the site with ample opportunity to capture a large, recurring customer base.
- High Growth Trade Area
- The surrounding area is experiencing incredible population growth, providing the site with a growing pool of customers. Within a 1-mile radius of the property, the population increased over 6% from 2020–2025, reflecting explosive residential development.
- Income Tax-Free State
- The property benefits from its location in Texas, an income tax–free state. Ownership of an asset in an income tax-free state can provide several benefits to landlords, providing greater inventive for investment. Discuss with a Certified Public Accountant for further details.
Listing Contacts
Listed by Bang Realty, SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$284,952.00
$23,746.00/mo
Valuation Metrics
0
DSCR
5.65%
Cap Rate
5.65%
ROI
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