5803 FM 1960 Rd E - Retail FOR SALE


Humble, TX 77346- Atascocita
$925,000 USD
832-295-0770
5803 FM 1960 Rd E, Humble, TX for Sale
$925,000 USD
Retail - FOR SALE
1/7
null | 9.3% Cap Rate

5803 FM 1960 Rd E
Humble, TX 77346
Atascocita


OVERVIEW

Recently-renovated, profitable, cash-flowing, mixed-use commercial property containing a 3,095 SF fully-occupied shopping center and a 6-bay self-service car wash in the highly-desirable Atascocita/Lake Houston/Kingwood/Humble submarket, situated on 18,002 SF (0.4122 Acres), with frontage on high-traffic FM 1960. The shopping center contains five fully-occupied 619 SF suites. Three tenants are currently under long-term (5 years or longer) leases, and two tenants are month to month. Two of the tenants signed new leases in 2024 at market rates, including reimbursement of property taxes and insurance. A third is currently under negotiation. The other two tenants are month-to-month at or higher than current market rates. The car wash has been operated by the landlord since acquisition in April of 2023, and enjoyed 10% revenue growth in 2024, and expecting more than 20% growth in 2025. The car wash provides flexibility for a buyer to lease it to an operator, or operate it themselves and add additional revenue streams including vending, hand car wash, and other services. The entire property was fully renovated in 2023-2024. Major items are listed below: 1. Power-washed and painted with marine paint for corrosive environments; 2. All credit card machines replaced with Monex touch-screen, tap-to-pay terminals with Apple Pay, Google Pay, and more; 3. All in-bay coin acceptors replaced with latest IDX X-12 XMark Xeptors; 4. All in-bay guns, brushes, and hoses (both HP and regular) replaced with new equipment; 5. All changers/validators either replaced or serviced; 6. Pylon sign and shopping center lighting converted to LED; 7. All in-bay signs replaced 8. Multiple FlowJet air pumps replaced in control room; 9. All 6 motors and Cat Pumps serviced in 2024(1 replaced with new); 10. Most vacuums serviced (2 motors replaced with new) 11. Electrical and plumbing work in control room. Additionally, each of the two new tenants invested over $40,000 in interior build-out of their suites. Financials and other information available upon request, with confidentiality agreement.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

9.3%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed Use (Shopping Center + Car Wash)

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

None

APN/PARCEL ID

0451260000112

ASK ABOUT THIS PROPERTY

Saeed TellawiAmaral Tellawi, PLLCMore Info
832-295-0770

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Saeed TellawiAmaral Tellawi, PLLCMore Info
832-295-0770

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