Log In/Sign Up
Your email has been sent.
7% Cap Rate - 100% Occupancy! 4420 Spring Cypress Rd 16,050 SF 100% Leased Retail Building Spring, TX 77388 $6,762,045 CAD ($421.31 CAD/SF) 7% Cap Rate



Investment Highlights
- Core-Investment - Solid 7% Cap Rate
- 26,790 APD - 100% Location
- Multi Tenant Retail Center - New Construction
- Exceptional Demographics
- 100% Passive - All Tenants on NNN
- 100% Occupancy - Ste. 100 Lease Pending - Owner to Credit Rent + NNN if Pending at Close (18mths max.)
Executive Summary
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 7% 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.
WhiteBox LLC., is the largest tenant at the center, and invested over $600,000 into their tenant improvements. The offering’s Cap Rate of 7% 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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
16,050 SF
Building Class
B
Year Built
2021
Price
$6,762,045 CAD
Price Per SF
$421.31 CAD
Cap Rate
7%
NOI
$473,343 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.00 AC
Zoning
N/A - N/A
Parking
86 Spaces (5.36 Spaces per 1,000 SF Leased)
Frontage
334’ on Spring Cypress Road
Amenities
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Monument Signage
- Fiber Optic Internet
- Cafe
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Sanctuary Liquor
- Retailer
- -
- -
- -
- -
- WhiteBox
- Administrative and Support Services
- 5,085 SF
- -
- Triple Net
- Aug 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Sanctuary Liquor | Retailer | - | - | - | - | |
| WhiteBox | Administrative and Support Services | 5,085 SF | - | Triple Net | Aug 2036 |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1316940010009 | Improvements Assessment | $3,058,359 CAD |
| Land Assessment | $1,516,274 CAD | Total Assessment | $4,574,633 CAD |
Property Taxes
Parcel Number
1316940010009
Land Assessment
$1,516,274 CAD
Improvements Assessment
$3,058,359 CAD
Total Assessment
$4,574,633 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
7% Cap Rate - 100% Occupancy! | 4420 Spring Cypress Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.

