This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
20220 Highway 59 N
Humble, TX 77338
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Pylon Sign
ABOUT 20220 HIGHWAY 59 N , HUMBLE, TX 77338
Marcus & Millichap is pleased to exclusively offer for sale a single-tenant net leased building leased to Car Toys in Humble, Texas(Houston MSA). The property has been leased to Car Toys for the last 17 years and as a sign of long term commitment to the space, the tenant signed another renewal two years ago, extending the lease to August 31, 2021. Although the tenant does not report specific sales figures, conversations with the tenant and corporate indicate that this location is one of their strongest. The lease is corporate guaranteed by Car Toys, a national company with 49 locations and over 1,000 employees. The property is an outparcel pad site located in front of Home Depot with premier visibility to Interstate 69, just north of the intersection with FM 1960. Traffic counts on I-69 exceed 200,000 cars per day. This is a prime location for Car Toys, with Deerbrook Mall on the opposite side of the highway and a power center one block north. The real estate fundamentals for the property are extremely strong with an in-place rental rate of only $29.07 NNN, which is easily replaceable offering a hedge against downside risk.
PROPERTY TAXES
| Parcel Number | 0410510020253 | Improvements Assessment | $650,899 |
| Land Assessment | $420,000 | Total Assessment | $1,070,899 |
PROPERTY TAXES
