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Chipotle, Jared, Tutti Frutti 10031 FM 1960 Bypass Rd W 9,042 SF 100% Leased Retail Building Humble, TX 77338 $7,180,000 ($794.07/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied Three-Tenant Pad to a 1.2-Million-Square-Foot Super-Regional Mall: Chipotle, Jared Jewelry, and Tutti Frutti
- Proven Location With Long-Term Occupancy; Jared Has Been Operating at the Property Since 2004, Chipotle Since 2007, and Tutti Frutti Since 2011
- Strong Chipotle Performance With Prior Reported Sales
- All Tenants Are on Long-Term NNN Leases With Staggered Lease Expirations
- Brand-New 10-Year Extensions by Chipotle and Tutti Frutti (11.5 Years Remaining on Chipotle)
- Recent Capital Improvements Include a Brand-New Roof With a 15-Year Warranty
EXECUTIVE SUMMARY
100% Occupied 3-Tenant Pad to 1.2 MSF Super-Regional Mall | Long-Term Lease Extensions | High-Growth Houston Suburb
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,042 SF
Building Class
B
Year Built/Renovated
2004/2025
Price
$7,180,000
Price Per SF
$794.07
Cap Rate
7%
NOI
$502,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.41 AC
Parking
64 Spaces (7.08 Spaces per 1,000 SF Leased)
Frontage
134’ on Fm-1960-byp Rd
AMENITIES
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- May 2027
Tutti Frutti Frozen Yogurt is the largest self-serve frozen yogurt retailer, worldwide. With 680+ locations in over 30 countries, they have currently expanded across the globe. With over 80 frozen yogurt flavors and 100s of different toppings, they constantly creates new and unique tastes, setting it apart from competitors. Additionally, their franchises all use their very own brand of cutting-edge machinery.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | May 2027 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1193960010001 | Improvements Assessment | $1,214,837 |
| Land Assessment | $1,530,050 | Total Assessment | $2,744,887 |
PROPERTY TAXES
Parcel Number
1193960010001
Land Assessment
$1,530,050
Improvements Assessment
$1,214,837
Total Assessment
$2,744,887
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Chipotle, Jared, Tutti Frutti | 10031 FM 1960 Bypass Rd W
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