20225 U.S. 59
Humble, TX
Price:
$3,369,000
Cap Rate:
4.75%
NOI:
$160,000
Building Size:
Approx. 3,156 Sq. Ft.
Lot Size:
Approx. 0.62 Acres
Type:
Single-Tenant / Retail
Sub Category:
Bank / Financial
Year Built / Renovated:
1993 / 2026
Investment Overview
- 1993 Construction/2026 Renovation. 3,156+/- SF Building On 0.62+/- Acre Site
- 15-Year Corporate Abs. NNN Lease with 10% Rent Increases Every 5 Years & (3) 5-Year Options to Renew
- Dominant Retail Corridor on I-69/US-59 (124k+ VPD), & Immediate Frontage in Front of Deerbrook Mall (130+ Shops & 5M Visitors/Yr)
- High-Growth Area in Northeast Houston – 26M+ SF of Active Industrial Development Bringing in a Projected 75,000 Annual Jobs
- Top-Tier Market Rankings & Growth – Houston Ranks Among Top U.S. Metros for Job & Population Growth; $3B in Annual Retail Sales
- 2 Billion National Expansion by PNC Bank – PNC Bank has Committed to Opening 300+ New Branches Nationwide by 2030
- Humble | Houston, TX MSA – #2 Most Active Retail Development Market in the U.S | MSA Population: 2.4M+