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1410 1st St E

3,108 SF Retail Building Humble, TX 77338 $1,030,000 ($331/SF) 7.25% Cap Rate

Investment Highlights

  • Recently updated
  • Located on main avenue
  • Very open concept

Executive Summary

This presents a compelling investment prospect: a NNN lease asset situated on First St in Humble. Currently in the initial year of a five-year lease, the tenant's performance has been exceptional, underscoring the promising nature of this site. Positioned amidst vibrant commercial activity, the property offers significant potential for long-term growth. Meticulously maintained by the owner with numerous updates, this opportunity is being offered with a blended rate at a 7.25% capitalization rate.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,108 SF
Building Class
B
Year Built
1984
Price
$1,030,000
Price Per SF
$331
Cap Rate
7.25%
NOI
$74,675
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.54 AC
Zoning
Commercial - Food Service
Parking
36 Spaces (11.58 Spaces per 1,000 SF Leased)
Frontage
109 FT on FM Business 1960

Amenities

  • Restaurant
  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • La Haciendita
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
La Haciendita Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000

Nearby Major Retailers

United Rentals
Starbucks
La Michoacana Meat Market
Hartz Chicken Buffet
Monterey's Little Mexico
Taquerias Arandas
Planet Fitness
Brick House Tavern + Tap
Chili's Grill & Bar
Longhorn Steakhouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0431500050080
  • 0431500130040
Land Assessment
$358,395
Improvements Assessment
$743,514
Total Assessment
$1,101,909
  • Listing ID: 31809025

  • Date on Market: 5/15/2024

  • Last Updated:

  • Address: 1410 1st St E, Humble, TX 77338

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