1923 Spring Cypress Rd
0.81 Acre - 1923 Spring Cypress Rd, Spring, Texas 77388
This multi-tenant investment property is in a superb location right next to FM 2920. So, it benefits from two sets of traffic count and double the visibility! It is just half a mile West of the I-45 making it extremely accessible to North-South traffic as well as the East-West traffic on FM 2920 and Spring Cypress Rd. The property has several improvements and tenants. There are currently five tenants which provide an investor with a good amount of diversification. Also, if a tenant does leave it is very easy to get another to replace them due to the excellent visibility and traffic count. A large new development “Spring Pines Shopping Center” is underway just West of the property which is sure to add value to the immediate area, this property being one of the major beneficiaries. Some of the tenants have been leasing for quite some time so their rates are dragging a little behind the true market value which gives an investor some additional protection if a tenant decides to leave. Overall this is a good property in an excellent location that can only appreciate in value over time.