PNC Bank Ground Lease Humble, TX

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+

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