9632 FM 1960
Humble, TX
Price:
$4,759,000
Cap Rate:
6.00%
NOI:
$284,507
Building Size:
Approx. 10,800 Sq. Ft.
Lot Size:
Approx. 0.42 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
1986
Investment Overview
- 1986 Construction; Complete Interior Remodel in 2020. 10,800+/- SF Building on 0.42+/- Acre Site
- Absolute NNN Lease with (2), 5-Year Options to Renew | Rare Fee Simple | Extreme Commitment to Site | 40+ Year Operating History
- Prime Retail Corridor, Located along FM 1960 (45,000+ VPD) near US-59/I-69 (167,000+ VPD)
- Less than 1 Mi. from Deerbrook Mall (1.2M SF; 120+ stores), Anchored by Macy’s, Dillard’s, AMC Theatres, & Major National Retailers
- Near Houston Methodist Hospital System (22k+ Employees) and Lone Star College System (97k+ Students)
- Olive Garden is America’s Largest Italian Dining Chain – Operates 956 Locations, Generating $5.21B in Annual Revenue for Fiscal Year 2025
- Humble, TX | Strategic Location in the Houston MSA – One of the Fastest Growing Regions in U.S. | MSA Population: 7.9M+