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Deerbrook Freestanding Building 20210 N US 59 Hwy 10,714 SF Retail Building Humble, TX 77338 $4,556,338 CAD ($425.27 CAD/SF) 7.25% Cap Rate
EXECUTIVE SUMMARY
Investar Real Estate Services Inc. is pleased to offer this outstanding retail opportunity in the highly acclaimed Deerbrook trade area. Surrounded by national and regional retailers this site features freeway visibility to Highway 59. With traffic counts of nearly 200,000 vehicles per day and excellent household income and population growth to the north of the county, this site offers an outstanding retail opportunity. The property is leased to Paradise Grills that is midway through its 10 year lease term. Tenant pays property taxes and insurance, and provides its own property maintenance.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,714 SF
Building Class
B
Year Built
1980
Price
$4,556,338 CAD
Price Per SF
$425.27 CAD
Cap Rate
7.25%
NOI
$330,335 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.79 AC
Parking
20 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
144’ on Eastex Fwy
AMENITIES
- Freeway Visibility
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0410510020258 | Improvements Assessment | $1,638,725 CAD |
| Land Assessment | $725,638 CAD | Total Assessment | $2,364,363 CAD |
PROPERTY TAXES
Parcel Number
0410510020258
Land Assessment
$725,638 CAD
Improvements Assessment
$1,638,725 CAD
Total Assessment
$2,364,363 CAD
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Deerbrook Freestanding Building | 20210 N US 59 Hwy
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