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Salad and Go

$1,523,077

9410 Fry Road, Cypress, TX 77433

Active
Last Updated: 03/17/2025

6.5

Cap Rate

99,000

NOI

Details:
Cap Rate:    6.5%
NOI:    $99,000
Building Size:    850 sqft
Lot Area:    28,750 sqft
Occupancy:    100%
Lease Type:    Ground
Year Built:    2024
Tenancy:    Single
Highlights:
  • A single-tenant Salad and Go on a 20-year ground lease with three, 5-year options in the greater Houston area
  • The subject property features a corporate lease, double drive-thru, and separate mobile express pick-up window
  • The lease features 10% rental increases every 5 years during the primary term and option periods, providing an investor with a hedge against inflation
  • The subject property is well-positioned with excellent visibility from heavily trafficked Interstate 30 (63,740 VPD)
  • Texas is an income tax free state
Description:

Brand new 20-year ground leased Salad and Go with drive-thru. This 2024 construction Salad and Go features a 20-year corporate backed absolute NNN ground lease with three, 5-year renewal options and 10% increases every 5 years. The subject property is located along Fry Road (30,469 VPD) within a newly constructed, trophy retail and multi-family development, surrounded by the affluent master-planned communities of Bridgeland, Blackhorse, Cypress Creek Lakes, and Towne Lake.

IN CONJUNCTION WITH
TX LICENSED BROKER:
Peter Ellis
peter.e@sbcglobal.net
PH: 210.325.7578

Map:
Documents:
Title
Salad_Go_CypressTX.pdf
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Location
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