20414 Highway 59 N - Restaurant FOR SALE
Humble, TX 77338 |
20414 Highway 59 N
Humble, TX 77338
HIGHLIGHTS
- Proven Absolute NNN Corp. Ground Lease by Red Lobster- 20+ Yr. Location- New Prototype Signage
- High Profile PAD at Deerbrook Marketplace (Home Depot/Best Buy/Marshall’s)- next to Deerbrook Mall
- Iconic American Restaurant- One of the Largest Seafood Casual Dining Restaurants Chains in the U.S.
- Significant Upside- Below Market Rent- Large 1.81 Acre Site at Main Ingress/Egress- Rent Bumps
- Affluent Suburb of Houston- Tax Free State- 4th Most Populous in Nation- 24% Population Growth
- Irreplaceable Interstate 69 Visibility (174K+ CPD)- Main Retail Trade Area next to Houston Airport
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Red Lobster - Corp Absolute NNN Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
7400
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
67
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
1179230000008
