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20414 Highway 59 N
Humble, TX 77338
Red Lobster - Corp Absolute NNN Ground Lease · Retail Property For Sale
Investment Highlights
- Proven Absolute NNN Corp. Ground Lease by Red Lobster- 20+ Yr. Location- New Prototype Signage
- Iconic American Restaurant- One of the Largest Seafood Casual Dining Restaurants Chains in the U.S.
- Affluent Suburb of Houston- Tax Free State- 4th Most Populous in Nation- 24% Population Growth
- High Profile PAD at Deerbrook Marketplace (Home Depot/Best Buy/Marshall’s)- next to Deerbrook Mall
- Significant Upside- Below Market Rent- Large 1.81 Acre Site at Main Ingress/Egress- Rent Bumps
- Irreplaceable Interstate 69 Visibility (174K+ CPD)- Main Retail Trade Area next to Houston Airport
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,400 SF
Building Class
B
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.57 AC
Zoning
F1 - Commercial
Parking
67 Spaces (5.9 Spaces per 1,000 SF Leased)
Frontage
128’ on Highway 59 N
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 1179230000008 | Improvements Assessment | $1,035,381 |
| Land Assessment | $1,023,225 | Total Assessment | $2,058,606 |
Property Taxes
Parcel Number
1179230000008
Land Assessment
$1,023,225
Improvements Assessment
$1,035,381
Total Assessment
$2,058,606
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