14925 Old Humble Road
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Overview / Comments
• Great C-Store and Office Opportunity for the right buyer• +/- 13,000 SF of office/retail space and 3,000 SF of C-Store with 4 MPDs with EMV system, built 2009• Jobber contract expires in 2020• 5,500 SF of retail is recently leased (15 year) at $1.37 PSF for first three years then increasing to $2.25 PSF; Medical office tenant• 14% Cap rate possible for buyer who fills the retail space with tenants at current market rental rates• C-Store Sales - $50K/month Inside and 25K gallons/month fuel sales• Deli could be re-opened• Store has gaming machines but sales not available• Lease on 5,565 SF of office space is at $93,111/year (gross lease) for first 5 years with tenant option to renew at $150,255/year ($2.25 PSF Gross Lease)• If new owner can lease out space at current market rate of $20 PSF + NNN,should get about $300,000 in net rent/year after tenant renewal• Excellent corner location with about 91,360 vehicles per day on Beltway 8 and about 13,100 vehicles per day on Old Humble Road• Current 2017 Harris County appraised value of $1,376,296.00, real estate only; does not include business valuation• Non-Disclosure Agreement required to get full details. Do not talk with the store employees about store being for sale
||Houston-The Woodlands-Sugar Land
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