9460 FM 1960 Rd W - Bank FOR SALE


Humble, TX 77338- Lake Houston
$4,064,000 USD
602-687-6780
9460 FM 1960 Rd W, Humble, TX for Sale
$4,064,000 USD
Bank - FOR SALE
1/7
null | 6% Cap Rate

9460 FM 1960 Rd W
Humble, TX 77338
Lake Houston


HIGHLIGHTS

  • 9+ Years Remaining on Modified Triple-Net (NNN) Lease - Recently Extended and Remodeled, Showing Commitment to the Site
  • Annual Rental Increases Through November 2028, with 10% Rental Increases Thereafter and in Each Of Four, Five-Year Renewal Options
  • Longstanding Site - Tenant has Operated at the Location for 26 Years
  • 115,094 Residents within a 5-Mile Radius - Growing Trade Area in the Houston MSA
  • Average Household Income Exceeds $83,000 in the Surrounding Area
  • Signalized Hard Corner Location, Easily Accessible by 59,000+ Cars per Day from FM 1960 and Townsen Boulevard

OVERVIEW

Regarded as one of the world’s leading financial institutions, Bank of America (NYSE: BAC) serves individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. Humble is a city located in the Houston metropolitan area in the northeast quadrant of Harris County, home to nearly 17,000 residents. As a suburb of Houston, Humble is linked economically to the Greater City of Houston region.

FOR SALE DETAILS

PRICE

$4,064,000 USD

PRICE/SF

$980 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America - Early Lease Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

-

APN/PARCEL ID

1198160010001

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.