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33829071
33829062

4420 Spring Cypress Road, Spring, TX 77388

DF
TX TX691654
Fisher Advisors
Listed by Fisher Advisors
$4,825,000
11 days on market
Updated 11 days ago

4420 Spring Cypress Road

Details
Property Type Retail
Sub Type Bar, Medical - dental (+1)
Square Footage 16,050
Net Rentable (SqFt) 16,050
Units 8
Cap Rate 6.79%
NOI $327,583
Occupancy 100%
Tenancy Multi
Brand/Tenant WhiteBox LLC
Lease Type NNN
Lease Term 10
Lease Expiration 08/31/2036
Remaining Term 10
Rent Bumps Yes
Lease Options 2-5-years
Price per SqFt $301
Class A
Year Built 2022
Acreage 1.970
Parking Spaces 5.40 per 1,000 sq ft
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2026
Ground Lease No

100% Leased - 14% Below Mkt Rents - NNN

Marketing description

The $4,825,000 asset is a low-risk core investment, offering stable income in a prime location with long-term creditworthy tenants, ---a passive, headache-free investment! The center was completed in 2022 and experienced exceptional pre-leasing activity. An ideal asset for conservative investors prioritizing capital preservation and predictable cash flow at market rate returns.

WhiteBox LLC., is the largest tenant at the center, and invested over $600,000 into their tenant improvements. The offering’s Cap Rate of 6.74% is based on actual signed leasing revenue including owner’s escrow credit. Below market rents provide significant 16% upside for a new owner seeking long-term growth.

Sanctuary Plaza includes: 16,050 SF of new construction. Modern design with costly architectural style elements with defining features including its form, proportion, scale, materials and decorative details. These elements have been arranged to give Sanctuary Plaza its distinctive and identifiable character. From the building’s symmetry with its high rooflines, the use of attractive metal window and doorframes with matching “weather protection” overhangs and eves at each entry. The 1.97 acres provides ample parking at a ratio of 5.4 per 1,000 SF –--able to accommodate any use.

Investment highlights

  • Core Investment
  • Spring, TX - Gateway to The Woodlands
  • 100% Occupancy
  • 100% Location
  • 100% Passive
  • Prime Retail Trade Area
  • New Construction
  • Exceptional Demographics
  • Internet Resilient
  • 5.4:1,000 SF Parking
  • 600' Frontage

Listing Contacts

DF
TX TX691654
Fisher Advisors
Listed by Fisher Advisors

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$327,583.00
$27,298.58/mo

Valuation Metrics

0
DSCR
6.79%
Cap Rate
6.79%
ROI

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Additional Information

Name
DAVID FISHER
License
TX691654
Brokerage
Fisher Advisors LLC
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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