566 Cypress Creek Parkway Houston, TX

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566 Cypress Creek Parkway

Address

566 Cypress Creek Parkway
Houston, TX 77090

Investment Highlights

100% leased multi-tenant retail center featuring a diverse service-oriented, internet resistant tenant line-up poised to serve the dense surrounding residential trade area

Cash-flowing asset with long-term upside through NNN lease conversion to enhance recovery income, and a 4.46% RSF discrepancy offering additional future rental income via suite remeasurement or new leases

Located along FM 1960 near I-45, the Property benefits from immediate access to a combined 243,000+ cars per day as well as strong visibility fortified by a multi-tenant monument sign and high parapet walls

Adjacent to a well-performing Kroger anchored power center, driving over 3.8 million customer visits annually (per Placer.ai) to the immediate area and providing significant cross-traffic opportunities

Positioned within a dense retail, medical and industrial/flex hub, underpinning an exceptional daytime population of 254,000+ people within a five-mile radius

With its nation-leading population and job growth, thriving economy, attractive rental rates, and pro-business environment, Texas is a prime destination for real estate investment

Location

Team

Brokerage Team

Micha van Marcke, CCIM

Micha van Marcke, CCIM

Managing Principal, Edge Houston
713.900.3011 micha@edge-cm.com
Chace Henke

Chace Henke

Principal, Capital Markets
713.900.3009 chace@edge-cm.com

Phone
713.900.3011
Address

515 Post Oak Blvd, Suite 175, Houston, TX 77027