20225 US-59 - Bank FOR SALE


Humble, TX 77338- Lake Houston
$3,369,000 USD
214-915-8890
20225 US-59, Humble, TX for Sale
$3,369,000 USD
Bank - FOR SALE
1/8
null | 4.75% Cap Rate

20225 US-59
Humble, TX 77338
Lake Houston


HIGHLIGHTS

  • 1993 Construction/2026 Renovation. 3,156+/- SF Building On 0.62+/- Acre Site
  • Dominant Retail Corridor on I-69/US-59 (124k+ VPD), & Immediate Frontage in Front of Deerbrook Mall (130+ Shops & 5M Visitors/Yr)
  • High-Growth Area in Northeast Houston – 26M+ SF of Active Industrial Development Bringing in a Projected 75,000 Annual Jobs
  • Top-Tier Market Rankings & Growth – Houston Ranks Among Top U.S. Metros for Job & Population Growth; $3B in Annual Retail Sales
  • 2 Billion National Expansion by PNC Bank – PNC Bank has Committed to Opening 300+ New Branches Nationwide by 2030
  • Humble | Houston, TX MSA – #2 Most Active Retail Development Market in the U.S | MSA Population: 2.4M+

OVERVIEW

15-Year Corporate Abs. NNN Lease with 10% Rent Increases Every 5 Years & (3) 5-Year Options to Renew

FOR SALE DETAILS

PRICE

$3,369,000 USD

PRICE/SF

$1,067 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PNC Bank w/ Drive Thru ATM

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

F1

APN/PARCEL ID

1159180040005

ASK ABOUT THIS PROPERTY

Bob MoorheadSecure Net LeaseMore Info
214-915-8890

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Bob MoorheadSecure Net LeaseMore Info
214-915-8890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.