$7,180,000 USD
844-585-7682
10031 FM 1960 Bypass Rd W
Humble, TX 77338
Lake Houston
HIGHLIGHTS
- 100% Occupied Three-Tenant Pad to a 1.2-Million-Square-Foot Super-Regional Mall: Chipotle, Jared Jewelry, and Tutti Frutti
- All Tenants Are on Long-Term NNN Leases With Staggered Lease Expirations
- Proven Location With Long-Term Occupancy; Jared Has Been Operating at the Property Since 2004, Chipotle Since 2007, and Tutti Frutti Since 2011
- Brand-New 10-Year Extensions by Chipotle and Tutti Frutti (11.5 Years Remaining on Chipotle)
- Strong Chipotle Performance With Prior Reported Sales
- Recent Capital Improvements Include a Brand-New Roof With a 15-Year Warranty
FOR SALE DETAILS
PRICE
$7,180,000 USD
PRICE/SF
$2,148 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chipotle, Jared, Tutti Frutti
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
64
LAND DETAILS
LAND ACRES
1.41 AC
LAND SF
61,420 SF
ZONING
-
APN/PARCEL ID
1193960010001
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844-585-7682
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844-585-7682
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