Sun Auto (Absolute Net Lease)

Sun Auto (Absolute Net Lease)

Humble, TX

Humble, TX

Sun Auto (Absolute Net Lease)

Offered for sale is an Absolute Net leased Sun Auto Tire & Service in Humble, Texas, strategically positioned on a 1.69-acre parcel with excellent access and visibility along West Lake Houston Parkway (31,722 VPD). The site anchors the entrance to The Bridges on Lake Houston, a 750–800 home-site master-planned community, and is surrounded by eight new commercial and medical projects built since 2023. The property is located in the high-growth Atascocita/Humble corridor, supported by 143,455 residents and an average household income of $130,587 within five miles.

Price $6,538,000
Cap Rate 6.45%
Building Size 10,548 sqft
Lot Size 1.69 acres
Year Built 2019
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease with 7.7 Years Remaining and 10 Percent Rent Increases Every Five Years
  • Anchors the Entrance to The Bridges on Lake Houston, a 750–800 Home-Site Master-Planned Community
  • Eight New Commercial and Medical Projects Built in the Trade Area Since 2023
  • Large 1.69-Acre Parcel | Excellent Access and Visibility on West Lake Houston Parkway (31,722 VPD)
  • High-Growth Atascocita/Humble Corridor Submarket | 143,455 Residents and $130,587 Average Household Income (5-Mile Radius)
  • Five Multifamily Communities Totaling More Than 1,600 Units Built Nearby Since 2018
  • 575+ Location National Tenant Backed by Private Equity Ownership

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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