NNN Methodist Physicians Center | 14044 Spring Cypress Rd
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NNN Methodist Physicians Center 14044 Spring Cypress Rd
8,000 SF Retail Building Cypress, TX 77429 $4,525,400 ($566/SF) 6% Cap Rate
Investment Highlights
- Optimal Market for Medical Practices
- Hands-Off Investment
- H-E-B Shadow Anchored
- Attractive Credit Tenant
- Exceptional Demographics
- Hard Signalized Corner
Executive Summary
Colliers is pleased to exclusively offer to qualified investors, the opportunity to purchase Rock Creek Medical Plaza, located at 14044 Spring Cypress Road in Cypress, TX. The ±8,238 SF building situated on ±0.90 acres and currently has 78 months of term remaining with Houston Methodist Primary Care Group.
The site is strategically located on a gateway out-parcel on a hard signalized corner and is shadow anchored by H-E-B. This H-E-B location sees over 1.6 million annual visitors and services the surrounding neighborhoods with average household incomes of over $137,000.
Investment Highlights
• Optimal Market for Medical Practices: 92% of the homes are owned within a 2-mile radius creating an environment that provides long-term success for a medical practice
• Attractive Credit Tenant: Houston Methodist received a “AA” bond rating from the S&P in 2020
• Hands-Off Investment: Existing Property Management with limited Landlord Responsibilities
• Exceptional Demographics: Average Household Incomes in excess of $137,000 in a one-mile radius, and over 200,000 population in a 5-mile radius
• H-E-B Shadow Anchored: Gateway out-parcel to H-E-B with 1.6 million annual visitors. Traffic accessing H-E-B passes directly by the site.
• Hard Signalized Corner: The site shares a hard corner of a lighted intersection with Chick-fil-A
• Replaceable Rents: In-place rents are in balance with the market
Access OM - https://texas.colliers.com/houston-methodist-confidentiality-agreement-0
The site is strategically located on a gateway out-parcel on a hard signalized corner and is shadow anchored by H-E-B. This H-E-B location sees over 1.6 million annual visitors and services the surrounding neighborhoods with average household incomes of over $137,000.
Investment Highlights
• Optimal Market for Medical Practices: 92% of the homes are owned within a 2-mile radius creating an environment that provides long-term success for a medical practice
• Attractive Credit Tenant: Houston Methodist received a “AA” bond rating from the S&P in 2020
• Hands-Off Investment: Existing Property Management with limited Landlord Responsibilities
• Exceptional Demographics: Average Household Incomes in excess of $137,000 in a one-mile radius, and over 200,000 population in a 5-mile radius
• H-E-B Shadow Anchored: Gateway out-parcel to H-E-B with 1.6 million annual visitors. Traffic accessing H-E-B passes directly by the site.
• Hard Signalized Corner: The site shares a hard corner of a lighted intersection with Chick-fil-A
• Replaceable Rents: In-place rents are in balance with the market
Access OM - https://texas.colliers.com/houston-methodist-confidentiality-agreement-0
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
B
Year Built
2016
Price
$4,525,400
Price Per SF
$566
Cap Rate
6%
NOI
$271,524
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.90 AC
Frontage
176 FT on Spring Cypress
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1335550010001 | Improvements Assessment | $2,260,107 |
| Land Assessment | $589,950 | Total Assessment | $2,850,057 |
PROPERTY TAXES
Parcel Number
1335550010001
Land Assessment
$589,950
Improvements Assessment
$2,260,107
Total Assessment
$2,850,057
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NNN Methodist Physicians Center | 14044 Spring Cypress Rd
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