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12101 Grant Rd 9,230 SF Office Building Cypress, TX 77429 $3,025,000 ($327.74/SF) 7.02% Cap Rate
Investment Highlights
- Brand New Seven-Year Extension
- Below-Market Rent
- Triple Net, No Landlord Burden
- Corporate Lease, National Operator
- Built-In NOI Growth
- Purpose-Built for the Use
Executive Summary
Partners is pleased to offer 12101 Grant Road, a 9,230 SF single-tenant medical building in Cypress, Texas, leased in its entirety to Action Behavior Centers. The tenant signed a brand new seven-year extension running through July 2034 with 2.5% annual increases and two five-year renewal options. Base rent of $23.00 PSF NNN sits below market for the submarket, and the lease is triple net, so operating expenses are reimbursed in full. Offered at $3,025,000, a 7.02% cap rate on the first full year of extension income.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,230 SF
Building Class
B
Year Built
2005
Price
$3,025,000
Price Per SF
$327.74
Cap Rate
7.02%
NOI
$212,290
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,230 SF
Building FAR
0.20
Lot Size
1.07 AC
Zoning
None
Parking
74 Spaces (8.02 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1267460010001 | Improvements Assessment | $1,326,965 |
| Land Assessment | $465,220 | Total Assessment | $1,792,185 |
Property Taxes
Parcel Number
1267460010001
Land Assessment
$465,220
Improvements Assessment
$1,326,965
Total Assessment
$1,792,185
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12101 Grant Rd
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