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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 137,565-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 - 2026) 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 - 2026) 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
137,565 SF
Building Class
B
Year Built/Renovated
1986/2019
Price
$29,494,415 CAD
Price Per SF
$214.40 CAD
Cap Rate
9.25%
NOI
$2,728,271 CAD
Percent Leased
91%
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

Founded in 1993, DaVita has grown into a kidney care company focused on dialysis services, kidney health education, and support for people living with chronic kidney disease and end-stage kidney disease. The company's core business includes in-center and home dialysis, related laboratory services, and management and administrative services for outpatient dialysis centers. DaVita also works across the broader kidney care journey through patient support, treatment options guidance, and education programs, while maintaining operations in the United States and internationally through a wide network of care sites.

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

Dollar Tree began in 1986 as Only $1.00, building on a Norfolk variety-store heritage that later helped shape the business. The company focuses on discount variety retail, selling consumable, seasonal, and general merchandise such as housewares, food, health and beauty products, toys, party supplies, stationery, and crafts. After the Family Dollar sale, Dollar Tree operates as a focused North American value retailer with a large store network, a national logistics system, and an expanding multi-price assortment and online ordering options.

  • Educational Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Milan Institute of Cosmetology began in 1985 when the Yasuda family created the school to provide career training. The institute now operates campuses across several states including California, Texas, and Nevada. Students can pursue various beauty industry programs like cosmetology, esthetics, and medical assisting. The curriculum emphasizes practical skills through hands-on learning environments designed to simulate real salon experiences. Over the years, the school has maintained its family-owned structure while expanding its program offerings.

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

Workforce Solutions serves the Gulf Coast region of Texas as the public workforce system, helping employers meet hiring needs and helping individuals build careers so both can compete in the regional economy. The company grew out of the Gulf Coast Workforce Board and works with regional partners to support job search assistance, career counseling, employer services, childcare assistance, labor market information, and custom training. Workforce Solutions also supports education and literacy programs, career pathways, and scholarship-based training that connect residents to employment and skill-building opportunities across the Gulf Coast labor market. The Houston-Galveston Area Council provides staff support for the board, which guides strategy and oversees workforce activities for the region.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Health Care and Social Assistance - - Lorem Ipsum Jan 0000
Retailer - - Lorem Ipsum Jan 0000
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.

Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

Planet Fitness
First Convenience Bank
Hancock Whitney
Texas Roadhouse
Kroger
Wells Fargo Bank
Taquerias Arandas
IHOP
Pappas Bar-B-Q
Chase Bank

Property Taxes

Property Taxes

Parcel Number
1166480000001
Land Assessment
$5,881,445 CAD (2025)
Improvements Assessment
$16,817,055 CAD (2025)
Total Assessment
$22,698,500 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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