3219 FM 1960
Humble, TX
Price:
$2218000
Cap Rate:
5.50%
NOI:
$121,999
Building Size:
Approx. 6889 Sq. Ft.
Lot Size:
Approx. 0.65 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2016
Investment Overview
- New Construction | 6,889+/- SF Building on .65+/- Acre Site
- New 15-Yr Corp Lease w/ 12% Rent Bumps Every 5-Yrs after Yr-10
- Located along FM 1960 (55,000 VPD), just E of I-45 (258,000 VPD) & the Hardy Toll Rd (44,333 VPD)
- Near Kroger, Sam’s Club, AutoZone, McDonald’s, Whataburger, Starbucks, Capital One, & Chick-Fil-A
- Major Employers: BP America (9,537 Empl.) | Shell Oil Co. (3,000 Empl.) |ConocoPhillips (2,600 Empl.)
- Houston is 2nd to New York City in Fortune 500 HQ’s & placed in Forbes’ “Top 5 Best Big Cities for Jobs”
- 5-Mile Radius: 2015 Estimated Population: 171,230 l 3-Mile Average Household Income: $64,472
- Houston – Sugar Land – Baytown (MSA): 6th Largest MSA in US | Population: 5,946,800