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1410 1st St E 3,108 SF Retail Building Humble, TX 77338 $1,030,000 ($331.40/SF) 7.25% Cap Rate
Investment Highlights
- Recently updated
- Located on main avenue
- Very open concept
Executive Summary
This presents a compelling investment prospect: a NNN lease asset situated on First St in Humble. Currently in the initial year of a five-year lease, the tenant's performance has been exceptional, underscoring the promising nature of this site. Positioned amidst vibrant commercial activity, the property offers significant potential for long-term growth. Meticulously maintained by the owner with numerous updates, this opportunity is being offered with a blended rate at a 7.25% capitalization rate.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,108 SF
Building Class
B
Year Built
1984
Price
$1,030,000
Price Per SF
$331.40
Cap Rate
7.25%
NOI
$74,675
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.54 AC
Zoning
Commercial - Food Service
Parking
36 Spaces (11.58 Spaces per 1,000 SF Leased)
Frontage
109’ on FM Business 1960
Amenities
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- La Haciendita
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| La Haciendita | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0431500130040 | Improvements Assessment | $252,912 |
| Land Assessment | $235,000 | Total Assessment | $487,912 |
Property Taxes
Parcel Number
0431500130040
Land Assessment
$235,000
Improvements Assessment
$252,912
Total Assessment
$487,912
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1410 1st St E
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