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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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
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

Altitude Trampoline Park
Waffle House
9Round
Buffalo Wild Wings
Woodforest National Bank

Property Taxes

Property Taxes

Parcel Number
1316940010009
Land Assessment
$1,516,274 CAD
Improvements Assessment
$3,058,359 CAD
Total Assessment
$4,574,633 CAD
  • Listing ID: 41017200

  • Date on Market: 2026-06-22

  • Last Updated:

  • Address: 4420 Spring Cypress Rd, Spring, TX 77388

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