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25402 Northwest Fwy 10,200 SF 100% Leased Retail Building Cypress, TX 77429 $6,458,477 CAD ($633.18 CAD/SF) 6.70% Cap Rate
Investment Highlights
- Frontage on Highway 290
- Stabilized Income with Value-Add Potential
- Located Near Houston Methodist Cypress Hospital and Cole’s Crossing
- 100 Percent Occupied
- Built in 2021
Executive Summary
Marcus & Millichap is pleased to exclusively list for sale Highway 290 Shopping Center, located at 25402 Northwest Freeway in Cypress, Texas.
Strategically positioned along the highly trafficked Highway 290 retail corridor, this 10,200-square-foot retail center is a compelling investment opportunity in one of Northwest Houston’s most dynamic suburban markets. Built in 2021 and 100 percent occupied, the property delivers a stabilized income stream from two tenants with established operations, including a long-term lease commitment for the urgent care operator. There is value-add potential as Texas Floors’ lease converts from gross to triple-net upon commencement of the five-year renewal option beginning May 1, 2027.
The location benefits from over 400 feet of frontage on Highway 290, with daily traffic counts exceeding 100,000 vehicles, excellent visibility, and access that supports sustained retail demand. The property is located near Houston Methodist Cypress Hospital and the main entrance to Cole’s Crossing, an affluent master-planned community with strong demographic metrics— average household incomes in excess of $130,000 within a 1-mile radius— underscoring a robust local consumer base.
Highway 290 Shopping Center is offered at a price of $4,731,000, which represents a Day 1 cap rate of 6.70 percent and a Pro Forma cap rate of 7.20 percent. With proximity to major retailers and service providers along the Spring Cypress retail node, the asset is well-positioned for long-term value retention and potential future upside.
Strategically positioned along the highly trafficked Highway 290 retail corridor, this 10,200-square-foot retail center is a compelling investment opportunity in one of Northwest Houston’s most dynamic suburban markets. Built in 2021 and 100 percent occupied, the property delivers a stabilized income stream from two tenants with established operations, including a long-term lease commitment for the urgent care operator. There is value-add potential as Texas Floors’ lease converts from gross to triple-net upon commencement of the five-year renewal option beginning May 1, 2027.
The location benefits from over 400 feet of frontage on Highway 290, with daily traffic counts exceeding 100,000 vehicles, excellent visibility, and access that supports sustained retail demand. The property is located near Houston Methodist Cypress Hospital and the main entrance to Cole’s Crossing, an affluent master-planned community with strong demographic metrics— average household incomes in excess of $130,000 within a 1-mile radius— underscoring a robust local consumer base.
Highway 290 Shopping Center is offered at a price of $4,731,000, which represents a Day 1 cap rate of 6.70 percent and a Pro Forma cap rate of 7.20 percent. With proximity to major retailers and service providers along the Spring Cypress retail node, the asset is well-positioned for long-term value retention and potential future upside.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,200 SF
Building Class
B
Year Built
2021
Price
$6,458,477 CAD
Price Per SF
$633.18 CAD
Cap Rate
6.70%
NOI
$433,002 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.41 AC
Zoning
None - none
Parking
51 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
420’ on Highway 290
Amenities
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Excel Urgent Care
- Health Care and Social Assistance
- -
-
$9.99
- -
-
Jan 0000
- Texas Floors Design Studio
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Excel Urgent Care | Health Care and Social Assistance | - | $9.99 | - | Jan 0000 | |
| Texas Floors Design Studio | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 1350030010001 | Improvements Assessment | $8,966,959 CAD |
| Land Assessment | $4,119,921 CAD | Total Assessment | $13,086,880 CAD |
Property Taxes
Parcel Number
1350030010001
Land Assessment
$4,119,921 CAD
Improvements Assessment
$8,966,959 CAD
Total Assessment
$13,086,880 CAD
Contacts
-
Alex Wolansky, CCIM -
Gus Lagos -
Joseph Jaques -
Alyssa Difilippo -
Ron Hebert -
Marcus & Millichap
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25402 Northwest Fwy
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