11501 Sam Houston PkwyHumble, TX 77396

For Sale
$6,764,245

High-Yield Retail Investment, Humble, TX

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Class A shopping center presents a compelling investment opportunity in Humble, Texas. The property boasts a 7.35% cap rate based on a strong in-place net operating income (NOI) of $497,172. Encompassing 22,540 square feet across two single-story buildings on a 2.09-acre lot, the center is 100% occupied by seven tenants under absolute NNN leases. These tenants are credit-rated, including franchisees and corporate guarantors, providing significant financial stability. The leases feature a 10-year remaining term with rent bumps and two 5-year lease options, ensuring long-term income growth. Built in 2014 and renovated in 2022, the property offers 115 parking spaces per 1,000 square feet, exceeding typical requirements. Its prime location on 11501 N Sam Houston Pkwy E in Harris County, zip code 77396, benefits from high visibility and traffic counts exceeding 78,000 average daily passing vehicles. The center is strategically positioned across the street from Generation Park, Houston's newest and largest commercial development, further enhancing its value and potential. The asking price is $6,764,245, translating to $300.10 per square foot. This is a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential in a rapidly growing market. The property is 100% internet resilient.

Highlights

  • $6,857,545 Asking Price
  • $2,400,140 Down Payment, $4,457,404 Financing Available
  • 7.25% Cap Rate
  • Multi-Tenant Property with Long-Term Leases
  • Strong Regional Tenants with Excellent Credit
  • Internet-Resilient Infrastructure

Property Details for 11501 Sam Houston Pkwy

Property type
Lifestyle centers, Power centers
Square Feet
22,540 SF
Class
A
Year Built/Renovated
2014/2022
Buildings
2
Stories
1
Lot Size (sq. ft)
91,040 SF
Units
7

Location Insight

City
Humble
County
Harris
State
Texas
Latitude
29.9353297
Longitude
-95.2152089
11501 Sam Houston Pkwy, Humble, Texas

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11501 Sam Houston Pkwy
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