Starbucks 18002 Highway 59 2,225 SF Retail Building Humble, TX 77396 $3,851,144 CAD ($1,730.85 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 2025 Construction. 2,225+/- SF Building on 1.021+/- Acre Site
- Strategically Positioned Adjacent to George Bush Intercontinental Airport (48.4 Million Passengers/Year)
- Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World, Ranked Most Valuable Brand Globally for 8 Years
- Located Right off of Interstate 69 (53,700+ VPD), Near the Corner of Will Clayton Pkwy (10,300+ VPD)
- High Growth Trade Area: 132,885 Residents Living w/in 5-Mile Radius w/ Avg. HH Income of $102,110+
- Humble | Located in Houston, Largest City in Texas | Houston Population: 2.31M+
EXECUTIVE SUMMARY
New Construction Site with 10 Year Net Lease, 10% Rental Escalation the Primary Term and (4) 5-Year Option Periods
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,225 SF
Year Built
2025
Price
$3,851,144 CAD
Price Per SF
$1,730.85 CAD
Cap Rate
5.75%
NOI
$221,441 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.02 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1354030010003 | Improvements Assessment | $1,670,158 CAD |
| Land Assessment | $679,552 CAD | Total Assessment | $2,349,710 CAD |
