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10031 FM 1960 Bypass Rd W
Humble, TX 77338 Lake Houston

$7,180,000 USD

Freestanding For Sale  •  3,342 SF

Property Details

• Property Type Freestanding
• Total Building Size 9,042 SF
• Lot Size 1.41 AC
• Building Class B
• Year Built 2004
• Cap Rate 7.00 %
• Tenancy Multiple

0 Transit Score

68 Walk Score

Highlights

100% Occupied Three-Tenant Pad to a 1.2-Million-Square-Foot Super-Regional Mall: Chipotle, Jared Jewelry, and Tutti Frutti

All Tenants Are on Long-Term NNN Leases With Staggered Lease Expirations

Proven Location With Long-Term Occupancy; Jared Has Been Operating at the Property Since 2004, Chipotle Since 2007, and Tutti Frutti Since 2011

Brand-New 10-Year Extensions by Chipotle and Tutti Frutti (11.5 Years Remaining on Chipotle)

Strong Chipotle Performance With Prior Reported Sales

Recent Capital Improvements Include a Brand-New Roof With a 15-Year Warranty

Cap Rate:

7.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Tutti Frutti Frozen Yogurt		5/10/2027

Amenities

• Pylon Sign

Public Transportation

Airport	Drive	Walk	Distance
George Bush Intcntl/Houston	14 min	-	8.8 mi
William P Hobby	47 min	-	30.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	64
Type:	Surface
Included in Rent:	Yes