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Investment Highlights
- Easy access to FM 249, hwy 290 via Spring Cypress Rd.
- Located between multiple upscale residential developments with strong demographics
- Grant Rd. and Spring Cypress Rd. recently expanded to four lanes
Executive Summary
Rock Creek presents an outstanding retail investment opportunity in the rapidly growing Cypress submarket of northwest Houston. Positioned adjacent to an H-E-B-anchored shopping center, this property benefits from consistent customer traffic and strong co-tenancy synergies. The center encompasses a diverse tenant mix, including Pet Supermarket, specialty dining, and personal care services, delivering a balanced revenue profile and long-term stability.
Situated at the intersection of Grant Road and Spring Cypress Road, the property offers excellent visibility with high daily traffic counts of 21,251 VPD on Spring Cypress Road and 9,499 VPD on Grant Road. Recent roadway expansions improve accessibility to FM 249 and Highway 290, connecting Cypress to Greater Houston and regional growth corridors.
The surrounding trade area features multiple upscale residential communities and a robust demographic profile, with over 208,000 people within a five-mile radius and an average household income of approximately $156,800. This affluent base drives strong customer demand for retail, dining, and service-oriented businesses, enhancing the center’s long-term appeal.
This fully stabilized, well-located asset offers investors a chance to secure a durable income stream with a 6.50% cap rate and NOI exceeding $708,000 annually.
Situated at the intersection of Grant Road and Spring Cypress Road, the property offers excellent visibility with high daily traffic counts of 21,251 VPD on Spring Cypress Road and 9,499 VPD on Grant Road. Recent roadway expansions improve accessibility to FM 249 and Highway 290, connecting Cypress to Greater Houston and regional growth corridors.
The surrounding trade area features multiple upscale residential communities and a robust demographic profile, with over 208,000 people within a five-mile radius and an average household income of approximately $156,800. This affluent base drives strong customer demand for retail, dining, and service-oriented businesses, enhancing the center’s long-term appeal.
This fully stabilized, well-located asset offers investors a chance to secure a durable income stream with a 6.50% cap rate and NOI exceeding $708,000 annually.
Property Facts
| Price | $15,044,597 CAD | Number of Properties | 2 |
| Price / SF | $716.82 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.50% | Total Building Size | 20,988 SF |
| Sale Type | Investment | Total Land Area | 3.48 AC |
| Status | Active |
| Price | $15,044,597 CAD |
| Price / SF | $716.82 CAD / SF |
| Cap Rate | 6.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,988 SF |
| Total Land Area | 3.48 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building 2
14044 Grant Rd, Cypress, TX 77429 |
Retail | 10,500 SF | 2016 | - |
|
Building 1
14034 Grant Rd, Cypress, TX 77429 |
Retail | 10,488 SF | 2016 | - |
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Rock Creek
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