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Sun Auto 9240 Fry Rd 6,703 SF Retail Building Cypress, TX 77433 $6,899,369 CAD ($1,029.30 CAD/SF) 5.65% Cap Rate
Investment Highlights
- Exceptional Corporate Guarantee
- Exceptional Roadside Visibility onto Fry Rd (21,200+ ADTC)
- Growing Vehicle Base & Longer Ownership
- Affluent & Dense Demographics
Executive Summary
Surmount is pleased to present the exclusive listing for a Sun Auto located at 9240 Fry Road, Cypress, TX 77433. The site consists of roughly 6,703 rentable square feet of building space on an estimated 1.09-acre parcel of land. Sun Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 12/15/2020. The current annual rent is $284,952 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,703 SF
Building Class
C
Year Built
2018
Price
$6,899,369 CAD
Price Per SF
$1,029.30 CAD
Cap Rate
5.65%
NOI
$389,814 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.09 AC
Frontage
125’ on Fry Road
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1373880010034 | Improvements Assessment | $1,746,567 CAD |
| Land Assessment | $777,429 CAD | Total Assessment | $2,523,996 CAD |
Property Taxes
Parcel Number
1373880010034
Land Assessment
$777,429 CAD
Improvements Assessment
$1,746,567 CAD
Total Assessment
$2,523,996 CAD
Contacts
-
Ryan Sblendorio -
Robert Stein -
Will Byrne -
Glen Kunofsky -
Christopher Marks -
Surmount
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Presented by
Sun Auto | 9240 Fry Rd
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