One Humble Place
$2,084,000
1702 1st Street E, Humble, TX 77338
Cap Rate
7.10%
Square Feet
14100
Year Built/Renovated
1981
INVESTMENT HIGHLIGHTS
• Irreplaceable Location: Located on the signalized hard corner of FM 1960 Business (First Street East) and Wilson Road, just east of Eastex Freeway (Interstate 69).
• Major Retail Corridor: The property is located on FM 1960 Business, surrounded by tremendous retail trade areas to the east and west, including Deerbrook Mall and Atascocita only minutes away.
• Demographics: The population within a 5-mile radius totals 193,580, and the daytime population within a 1-mile radius averages over 11,000, providing a strong customer base.
• 14,100 Square Feet of Retail Space Comprised of Two Buildings on 1.21 Acres of Land
• Priced Well Below Replacement Cost
PROPERTY DESCRIPTION
Marcus & Millichap is pleased to exclusively offer for sale One Humble Place, located at 1702 First Street East in Humble, Texas.
One Humble Place is an excellent opportunity for an investor wanting to own a retail center with a price point near $2,000,000 without sacrificing location. The immediate and surrounding area is a proven retail market. Nearly all major retailers, both national and regional, have locations either on Interstate 69 or both FM 1960 and FM 1960 Business.
Another asset nearby is the Bush International Airport, which is a major employment center for the greater Houston MSA.
Population growth to the north and east of One Humble Place is growing. The Humble and Atascocita markets have added 2,500 households and are forecasted to continue growing at the rate of 11.1 percent.
Gus N. Lagos
SENIOR VICE PRESIDENT
713-452-4257
Alex Wolansky, CCIM
FIRST VICE PRESIDENT
713-452-4292
