About This Restaurant
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 Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food Restaurant
- Building Size 3,108
- 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
- Land Acres 0.54 AC
Amenities
- Restaurant
- Signage
Nearby Amenities & Transportation
| Retail | United Rentals | ||
| Retail | Jack In The Box | ||
| Retail | Starbucks | ||
| Retail | Wingstop | ||
| Retail | Hartz Chicken Buffet | ||
| Retail | Monterey's Little Mexico | ||
| Retail | La Michoacana Meat Market | ||
| Retail | Taquerias Arandas | ||
| Retail | Planet Fitness | ||
| Retail | Pancho's Mexican Buffet |
Property Taxes
| Parcel Number | 0431500050080 0431500130040 | Improvements Assessment | $358,395 |
| Land Assessment | $613,801 | Total Assessment | $972,196 |
| Date Created: | 2024-07-16 04:23:45 | Last Updated: | 2024-07-16 04:23:45 |
| Address: | 1410 1st St E , Humble, Texas, 77338 | ||