Cypress Retail for Sale - FM 1960/Hwy 249

PRICING: $3,350,000 CAP RATE: 5.94% NOI: $198,925 LEASE EXPIRATION: 10/31/2038 GUARANTEE: CORPORATE

Property Subtype:

Drug Store

Date on Market:

2026-01-27

Tomball Retail for Sale - Northwest Outlier

We are pleased to market for sale the Walgreens property located at 11970 Spring Cypress Rd, Tomball, TX 77377 (“The Property”). Walgreens has been operating at this location for 23 years and in 2022 extended its lease for an additional 10 years, reinforcing the tenant’s long-term commitment to the location. Walgreens is on an absolute NNN lease with zero landlord obligations whatsoever. The Property is located in a dense retail corridor in an affluent suburb of Houston, benefiting from strong surrounding demographics and continued local development. Walgreens is currently paying $25.27 per square foot, which is in line with local retail market rents of $26/sf, providing investors the rare opportunity to acquire a national net-leased tenant with replaceable rent levels. Located in an affluent suburb of Houston, the average household income within 1 mile exceeds $140,000, supporting consistent retail demand. Additionally, the Property is surrounded by over 3.1 million square feet of retail space within a 2-mile radius, with a retail vacancy rate below 4%, reflecting the strength and stability of the trade area. There are 434 new multifamily units under development at Amplify Tomball and Willow Creek Manor, located within 1.5 miles of the Property, and both are expected to be completed in 2026. Situated at the signalized hard corner of Spring Cypress Rd and N Eldridge Pkwy, the Property is visible to a combined 47,000 VPD and located less than a mile from the ingress/egress for Tomball Parkway (TX-249) with over 101,000 VPD. Listed in conjunction with Brian Brockman, Bang Realty - Texas, 513-898-1551, wg@bangrealty.com, TX DRE Lic. 701472.

Property Subtype:

Drug Store

Date on Market:

2025-12-08

Houston Retail for Sale - FM 1960/Champions

• Over 9 years remaining with 12 (5-year) option periods to extend • Lease is corporate signed by Walgreen Co • Features 5% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation

Property Subtype:

Drug Store

Date on Market:

2025-09-26

Spring Retail for Sale - FM 1960/I-45 North

Property Subtype:

Storefront

Date on Market:

2025-09-19

Houston Retail for Sale - FM 1960/Champions

Land Size: ±41,360 SF | ±0.94949 Acre Building Size: ±4,990 SF (per HCAD) Year Built: 1979 with a 2006 Extension Frontage: ±188 FT on FM 1960 with two curb cuts

Property Subtype:

Restaurant

Date on Market:

2024-06-21

Houston Office for Sale - FM 1960/I-45 North

Located at 17222 Red Oak Dr, this expansive 21,469 square foot building offers versatility tailored to diverse business needs. Previously utilized as a medical facility, it features a comprehensive layout including a lab, spacious waiting area, multiple rooms, and a reception area complete with desks. Large windows illuminate the interior with natural light, fostering an inviting atmosphere conductive to productivity and comfort. Ample storage facilities and closets provide practical solutions for organizational needs. Ideally suited for dental, medical, or medical-related businesses, this property presents an exceptional opportunity for professionals seeking a well- equipped and adaptable commercial space. This commercial office building has a huge parking lot and plenty of frontage located in a high traffic area close to schools, shops, and restaurants. Contact us today for more information! OFFERS WELCOME!

Property Subtype:

Medical

Date on Market:

2025-08-15

Houston Retail for Sale - FM 1960/Hwy 249

Norchester Village Shopping Center is a 108,740-square-foot multi-tenant retail center located at 13300–13350 Jones Road in the heart of Northwest Houston—one of the region’s most active and established suburban submarkets. With 94% current occupancy and a stable, e-commerce-resistant tenant mix, the center offers investors a rare opportunity to acquire a high-performing retail asset with strong in-place cash flow and multiple avenues for value creation. Anchored by nationally recognized tenants such as Habitat for Humanity, Golden Chick, and Subway, Norchester Village benefits from a diversified rent roll with staggered lease expirations and long-term tenant stability. The property sits on 10.91 acres at the highly trafficked intersection of Jones Road and Grant Road, with combined daily traffic counts exceeding 51,000 vehicles. Surrounded by dense, affluent residential neighborhoods and located within two miles of major employers—including the Hewlett Packard campus and Willowbrook Mall—the center is strategically positioned to serve a growing population and workforce. In addition to its strong fundamentals, Norchester Village presents two key value-add opportunities: Leasing the remaining three vacant suites, which would immediately boost occupancy and increase net operating income; and Developing additional pad sites on the property's excess land, unlocking untapped potential to add high-demand outparcel users and further drive NOI growth. Originally built in 1983 and renovated in 1997, the center features excellent visibility, modern site functionality, and convenient access. All leases are structured as NNN, with many including annual rent escalations, offering a blend of stable current income and built-in rent growth. The asset is well-positioned for a long-term hold or an institutional disposition strategy upon stabilization. This is a rare opportunity to acquire a well-located, income-producing asset with clear value-enhancement potential in one of Houston’s most desirable suburban retail corridors.

Property Subtype:

Freestanding

Date on Market:

2025-08-04

Spring Portfolio of properties for Sale - FM 1960/I-45 North

The owner of this complex will finance the sale to qualified buyer. 6% commission payable to Real Estate agent on down payment portion of the sale. Business complex in Spring, TX totaling six co-joining lots on two parallel streets with three lots on Sunshine Lane and three lots on Sleepy Hollow Lane making a square of 52,825 sq ft+/- providing ability to drive through street to street, if desired. This property is surrounded by upscale apartment buildings and buyer may want to redesign the property for apartment or multifamily use. Located between FM 2920 on the North side; I-45 on the East side; Louetta Road on the South side; and Holzworth Road on the West side. Banks; Post Office; Restaurants; Religious Church's; hardware and grocery stores etc. are close by. The 4000 sf office building is ready and available for lease. Should the Leese be interested in purchasing the Complex an incentive discount is available for qualified purchaser. See details below. Fully leased, these properties recently produced a nominal $125,400.00 income annually. 20817 Sunshine Lane has three lots with a well maintained 4000 sq ft one story brick office building and concrete parking lot with more than twenty parking spaces. The interior of the building has ceramic tile floors in common areas and vinyl wood flooring in the high-ceiling offices. There are six separate executive offices and two large open space rooms; reception area; kitchen and two spacious rest rooms; an electrical room and a janitors closet. The property includes a commercial aerobic system sized for high occupancy and a 5000-gallon fire hydrant tank, both State and County approved and installed within last six years along with a new roof. The building is zoned for three HVAC units with the oldest system installed four years ago. Fire and security cameras are in place. This property has been approved for Federally funded child care and is well suited for marketing, educational and or professional use. Recently leased for past five years at $72,000 per year. THIS PROPERTY IS CURRENTLY AVAILABLE FOR LEASE. The three lots on the parallel street, Sleepy Hollow Lane, has three rental buildings: A 1156sf frame building; a 1069sf garage office and, a 1840sf metal building with attached 1380sf commercial canopy (3220 total sf). 20810 Sleepy Hollow Lane is on two lots measuring 65.5 ft X 107.3 ft overall. Two rentals are on this property. Main building is 24.1 ft. X 48 ft. (1156 sf) framed pier and beam and a 24 ft X 48 ft framed garage/office listed as 20810A. The primary structure consists of three large rooms; bath and half; entry way and kitchen. A new roof and HVAC system was installed less than five years ago. There is a paved driveway to the primary structure and to the garage-office. Main bldg is currently leased at $21600.00 per year. 20810A Sleepy Hollow Lane is a stand-alone nominal 1069sf garage-office. The 525sf HVAC air conditioned office consists of three rooms with half-bath. A new roof on the garage and a HVAC system for the office was installed less than five years ago. The office is leased to a marketing company at $6000.00 per year. 20814 Sleepy Hollow Lane is one 53.67ft. X 164.40ft. lot with one insulated 40ft X 46ft X 12 ft. metal building with a 30ft. X 46ft. X 12ft. commercial canopy attached. Building has one 10ft. X 10ft. overhead door and one steel entrance door. The building is finished with epoxy painted floor in the shop and 3/4-inch insulated panels on the walls, ceiling and overhead door. (Canopy has concrete floor). There are two finished insulated offices with air conditioning and vinyl flooring. Remainder of the nominal 54 ft. X 164 ft. lot is gravel based for parking. The property is leased to an automotive repair company at $25,800 year. TERMS OF SALE SIX LOT BUSINESS COMPLEX 20817 Sunshine Lane & 20810-14 Sleepy Hollow Lane, Spring, TX 77340 OWNER FINANCED The terms of sale are shown below: The property is listed at $1,750,000.00 for all six lots and buildings therein. Owner financing will be as follows: 20% down payment: $350,000.00 Balance $1,400,000 @7.50 % amortized as a 30 year loan with a ten year balloon, (120 payments), compounded annually. Early pay provision may be negotiated. Balance: to be refinanced by buyer. Commission for the sale of this six lot business complex at 20817 Sunshine Lane and 20810-14 Sleepy Hollow Lane with the buildings therein, will be 6% ($21,000) of the down payment. The sales price is not a commissionable number. Incoming Lessee of 20817 Sunshine Lane and as a prospective buyer of the six lot complex may negotiate for a % of lease to be applied to the purchase price of the complex.

Property Subtype:

Mixed Types

Date on Market:

2025-02-24