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Cypress Station Square 60-110 Cypress Creek Pky 137,575 SF 92% Leased Retail Building Houston, TX 77090 $30,486,894 CAD ($221.60 CAD/SF) 8.85% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Day One Positive Cashflow
  • Irreplaceable Location: Northwest Corner of Interstate 45 and FM 1960 Road (over 275,000 Vehicles Per Day)
  • Significant Value-Add Potential
  • Strong Tenant Lineup

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to exclusively offer for sale Cypress Station Square, a 137,575 square foot shopping center, located at the northwest corner of Interstate 45 and FM 1960 Road in Houston, Texas. The retail center and retail pad sites sit on 12.19 acres with approximately 850 feet of frontage on Cypress Creek Parkway (FM 1960 Road). Cypress Station Square sees approximately 75,000 vehicles per day on Cypress Creek Parkway and over 200,000 vehicles per day on Interstate 45.
An investor will enjoy day one positive cashflow, even in the current interest climate, while still benefiting from leasing vacant units. In addition, an investor will also benefit from rent increases in many tenants’ current lease terms, as well as rent increases in leases with renewal options. Many leases have below-market rental rates (some affordable leases of non-box spaces range from $1.00-$1.50 per square foot plus additional rent). Given the large scale of the 12.19-acre tract, a buyer may explore opportunities to lease or develop segments of the land.
Cypress Station Square has a strong lineup of diverse, internet-resistant tenants with staggered leases, including its anchors: Milan Institute, DaVita Dialysis, Hibbett Sports, Workforce Solutions, Pollo Campero, Dollar Tree, GNC, UPS Store, Cilantro Cocina, Rent-a-Tire, and more.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) 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
Freestanding
Building Size
137,575 SF
Building Class
B
Year Built/Renovated
1986/2019
Price
$30,486,894 CAD
Price Per SF
$221.60 CAD
Cap Rate
8.85%
NOI
$2,698,389 CAD
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.26
Lot Size
12.19 AC
Zoning
None
Parking
682 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
725’ on FM 1960 Rd

AMENITIES

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

DaVita is a leading provider of kidney care services headquartered in Denver, Colorado. Founded in 1994, the company operates a nationwide network of outpatient dialysis centers and offers integrated care for patients with chronic kidney disease and end-stage renal disease. The Girard Estates Dialysis center in Philadelphia provides in-center hemodialysis and related clinical support. DaVita serves approximately 240,000 patients globally and is listed on the New York Stock Exchange under the ticker symbol DVA. The organization emphasizes clinical quality and innovation in dialysis treatment and participates in Medicare and Medicaid programs.

  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

At Dollar Tree, they are working hard to create an environment where shopping is fun… a place where customers can discover new treasures every week… a store where entire families can enjoy hunting for that special something. They bring it all to people in stores that are bright and well lit, clean and well organized… and stocked with the items people are looking for! Just as important, especially during these tough economic times, they continue to offer customers the products they need at extreme values! They are expanding assortment of merchandise, constantly bringing people new and exciting items. Some of the product departments people find at a Dollar Tree store in Canada include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!

  • Milan Institute
  • Educational Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
  • Administrative and Support Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Workforce Solutions is dedicated to keeping the Gulf Coast region a great place to do business, work, and live. Their employer-driven, people-focused approach elevates the economic and human potential of the region to attract and retain the best employers, afford everyone the dignity of a job, and remain indispensable to the global economy. As the public workforce system for 13 counties in the Houston-Galveston region, they work in tandem with the Texas Workforce Commission and the statewide Workforce Solutions network to maintain the state’s largest job-match database.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Health Care and Social Assistance - - Lorem Ipsum Jan 0000
Retailer - - Lorem Ipsum Jan 0000
Milan Institute Educational Services - - Lorem Ipsum Jan 0000
Administrative and Support Services - $9.99 Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 102
  • 1,015 SF
  • Office/Retail
  • -
  • Now

Ideal for offices or retail space

  • 44
  • 2,575 SF
  • Retail
  • In-Line
  • Now

Access from Wagon Point Drive.

  • 46
  • 1,425 SF
  • Retail
  • In-Line
  • Now

In-line space at back corner, with access from Wagon Point Drive.

  • 48
  • 2,438 SF
  • Retail
  • In-Line
  • Now

In-line space, with parking available in front.

  • 84
  • 2,776 SF
  • Retail
  • In-Line
  • Now

In-line space, located next to Dollar Tree.

  • 94
  • 11,311 SF
  • Retail
  • In-Line
  • Now

Former David's Bridal - consolidating/closing stores, absorbing this territory at their Woodlands location.

Space Size Space Use Position Available
102 1,015 SF Office/Retail - Now
44 2,575 SF Retail In-Line Now
46 1,425 SF Retail In-Line Now
48 2,438 SF Retail In-Line Now
84 2,776 SF Retail In-Line Now
94 11,311 SF Retail In-Line Now

102

Size
1,015 SF
Space Use
Office/Retail
Position
-
Available
Now

44

Size
2,575 SF
Space Use
Retail
Position
In-Line
Available
Now

46

Size
1,425 SF
Space Use
Retail
Position
In-Line
Available
Now

48

Size
2,438 SF
Space Use
Retail
Position
In-Line
Available
Now

84

Size
2,776 SF
Space Use
Retail
Position
In-Line
Available
Now

94

Size
11,311 SF
Space Use
Retail
Position
In-Line
Available
Now

102

Size 1,015 SF
Space Use Office/Retail
Position -
Available Now

Ideal for offices or retail space

44

Size 2,575 SF
Space Use Retail
Position In-Line
Available Now

Access from Wagon Point Drive.

46

Size 1,425 SF
Space Use Retail
Position In-Line
Available Now

In-line space at back corner, with access from Wagon Point Drive.

48

Size 2,438 SF
Space Use Retail
Position In-Line
Available Now

In-line space, with parking available in front.

84

Size 2,776 SF
Space Use Retail
Position In-Line
Available Now

In-line space, located next to Dollar Tree.

94

Size 11,311 SF
Space Use Retail
Position In-Line
Available Now

Former David's Bridal - consolidating/closing stores, absorbing this territory at their Woodlands location.

NEARBY MAJOR RETAILERS

Planet Fitness
Hancock Whitney
Kroger
Texas Roadhouse
Taquerias Arandas
Wells Fargo Bank
Chase Bank
Pappasito's Cantina
Chili's Grill & Bar
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1166480000001
Land Assessment
$5,929,701 CAD (2025)
Improvements Assessment
$16,955,036 CAD (2025)
Total Assessment
$22,884,737 CAD (2025)
  • Listing ID: 37048933

  • Date on Market: 2025-07-31

  • Last Updated:

  • Address: 60-110 Cypress Creek Pky, Houston, TX 77090

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