Floor & Decor 18840 US-59
79,684 SF 100% Leased Retail Building Humble, TX 77338 $22,214,756 CAD ($278.79 CAD/SF) 5.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
- Deerbrook Mall | Deerbrook Marketplace | Dense Retail Corridor
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
EXECUTIVE SUMMARY
• Floor & Decor Corporate signed lease
• ~9 years remaining with 4 (5-year) option periods to extend
• The lease features a 10% increases in year 11 and variable increases at the beginning of each option period
• ~9 years remaining with 4 (5-year) option periods to extend
• The lease features a 10% increases in year 11 and variable increases at the beginning of each option period
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
79,684 SF
Year Built
2019
Price
$22,214,756 CAD
Price Per SF
$278.79 CAD
Cap Rate
5.65%
NOI
$1,255,149 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.33
Lot Size
5.49 AC
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
