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PNC Bank w/ Drive Thru ATM 20225 US-59 3,156 SF Retail Building Humble, TX 77338 $4,664,481 CAD ($1,477.97 CAD/SF) 4.75% Cap Rate
Investment Highlights
- 1993 Construction/2026 Renovation. 3,156+/- SF Building On 0.62+/- Acre Site
- High-Growth Area in Northeast Houston – 26M+ SF of Active Industrial Development Bringing in a Projected 75,000 Annual Jobs
- 2 Billion National Expansion by PNC Bank – PNC Bank has Committed to Opening 300+ New Branches Nationwide by 2030
- Dominant Retail Corridor on I-69/US-59 (124k+ VPD), & Immediate Frontage in Front of Deerbrook Mall (130+ Shops & 5M Visitors/Yr)
- Top-Tier Market Rankings & Growth – Houston Ranks Among Top U.S. Metros for Job & Population Growth; $3B in Annual Retail Sales
- Humble | Houston, TX MSA – #2 Most Active Retail Development Market in the U.S | MSA Population: 2.4M+
Executive Summary
15-Year Corporate Abs. NNN Lease with 10% Rent Increases Every 5 Years & (3) 5-Year Options to Renew
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,156 SF
Building Class
C
Year Built/Renovated
1993/2026
Price
$4,664,481 CAD
Price Per SF
$1,477.97 CAD
Cap Rate
4.75%
NOI
$221,563 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.62 AC
Zoning
F1 - Commercial
Parking
27 Spaces (8.56 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Nearby Major Retailers
1 of 9
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PNC Bank w/ Drive Thru ATM | 20225 US-59
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