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Salad and Go 9410 Fry Rd

850 SF Retail Building Cypress, TX 77433 $1,721,739 ($2,026/SF) 5.75% Cap Rate

Retail Buildings Texas Cypress 9410 Fry Rd, Cypress, TX 77433

Investment Highlights

  • A single-tenant Salad and Go on a 20-year ground lease with three, 5-year options in the greater Houston area
  • The lease features 10% rental increases every 5 years during the primary term and option periods, providing an investor with a hedge against inflation
  • Texas is an income tax free state
  • The subject property features a corporate lease, double drive-thru, and separate mobile express pick-up window
  • The subject property is well-positioned with excellent visibility from heavily trafficked Interstate 30 (63,740 VPD)

Executive Summary

Brand new 20-year ground leased Salad and Go with drive-thru. This 2024 construction Salad and Go features a 20-year corporate backed absolute NNN ground lease with three, 5-year renewal options and 10% increases every 5 years. The subject property is located along Fry Road (30,469 VPD) within a newly constructed, trophy retail and multi-family development, surrounded by the affluent master-planned communities of Bridgeland, Blackhorse, Cypress Creek Lakes, and Towne Lake.
IN CONJUNCTION WITH
TX LICENSED BROKER:
Peter Ellis
peter.e@sbcglobal.net
PH: 210.325.7578

Attachments

Salad&Go_CypressTX

Property Facts

Sale Type
Investment NNN
Sale Conditions
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Freestanding
Building Size
850 SF
Building Class
B
Year Built
2024
Price
$1,721,739
Price Per SF
$2,026
Cap Rate
5.75%
NOI
$99,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.66 AC
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Nearby Major Retailers

Five Guys
Dutch Bros Inc.
Salad and Go
Chase Bank
Yoga Six
H-E-B Foods
Life Time Fitness
Starbucks

PROPERTY TAXES

Parcel Number 1346510010004 Improvements Assessment $300,167
Land Assessment $3,517,956 Total Assessment $3,818,123

PROPERTY TAXES

Parcel Number
1346510010004
Land Assessment
$3,517,956
Improvements Assessment
$300,167
Total Assessment
$3,818,123
(650) 678-7200

Contact

  • Listing ID: 32112115

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 9410 Fry Rd, Cypress, TX 77433

The Retail Property at 9410 Fry Rd, Cypress, TX 77433 is currently available for sale. Contact CP Partners CRE for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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9410 Fry Rd, Cypress, TX for sale Building Photo- Image 1 of 4
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Salad&Go_CypressTX

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Salad and Go | 9410 Fry Rd
(650) 678-7200 x

Salad and Go | 9410 Fry Rd

John Andreini

(650) 678-7200

(650) 678-7200

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