Shopping Strip
pOpshelf (Dollar General - NYSE: DG) & Burger Buzz | Houston MSA | Super Target Anchored Strip
20845 US-59, Humble (Houston MSA), TX 77338
Listing Price: $3,214,000
Investment Overview
Humble is a city located in Harris County, Texas. It is part of the Houston metropolitan area and is situated about 20 miles northeast of downtown Houston. The City has experienced significant population growth in recent years. Since then, the population of Humble has continued to grow at a steady pace. According to the latest estimates from the US Census Bureau, the population of Humble was 16,563 in 2019, representing a 5.5% increase from the 2010 Census. This growth can be attributed to a number of factors, including the city’s proximity to the Houston metropolitan area, its strong economy, and its quality of life amenities such as parks, museums, and shopping centers. As the Houston metropolitan area continues to grow, it is likely that Humble will also continue to experience population growth in the years to come. The city has taken steps to accommodate this growth by investing in infrastructure, expanding its housing options, and attracting new businesses to the area.
pOpshelf (Dollar General - NYSE: DG) & Burger Buzz | Houston MSA | Super Target Anchored Strip
Investment Highlights
- 100% Occupied 2-Tenant Strip Anchored by Dollar General subsidiary (NYSE: DG) and Burger Buzz Featuring Rental Increases within the Initial Term. Roof Replaced in 2018 with 15-Year Warranty in Place.
- Super Target Anchored - the Subject Property is in a Strategic and Irreplaceable Location Near the Entrance of the Humble Super Target and Across the Street from Costco.
- Dollar General (pOpshelf's Parent Company) is Ranked #91 on the Fortune 500 List and Features an Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
- Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility - The Intersection of I-69 and Townsen Boulevard sees a Daily Combined Traffic Count of 187k+ Vehicles per Day.
- National and Corporate Tenants Occupy the Space in Close Proximity such as Kohl's, Dick's, The Home Depot, Dillard's, Sam's Club, Walmart, Kroger, Ross, PetSmart, Marshalls, Ulta, Old Navy, Best Buy and more.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $92k and over 127k People Residing within a 5-Mile Radius.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
- The Site Benefits from its Close Proximity to Downtown Houston - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy. Walking Distance from Deerbrook Mall - A 1.2+ Million Sq.Ft. Premier Shopping Center featuring more than 135 Stores including National Retail, Dining and Entertainment Options.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Financing By
Shopping Strip
pOpshelf (Dollar General - NYSE: DG) & Burger Buzz | Houston MSA | Super Target Anchored Strip
Listing Price: $3,214,000
Investment Highlights
- 100% Occupied 2-Tenant Strip Anchored by Dollar General subsidiary (NYSE: DG) and Burger Buzz Featuring Rental Increases within the Initial Term. Roof Replaced in 2018 with 15-Year Warranty in Place.
- Super Target Anchored - the Subject Property is in a Strategic and Irreplaceable Location Near the Entrance of the Humble Super Target and Across the Street from Costco.
- Dollar General (pOpshelf's Parent Company) is Ranked #91 on the Fortune 500 List and Features an Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
- Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility - The Intersection of I-69 and Townsen Boulevard sees a Daily Combined Traffic Count of 187k+ Vehicles per Day.
- National and Corporate Tenants Occupy the Space in Close Proximity such as Kohl's, Dick's, The Home Depot, Dillard's, Sam's Club, Walmart, Kroger, Ross, PetSmart, Marshalls, Ulta, Old Navy, Best Buy and more.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $92k and over 127k People Residing within a 5-Mile Radius.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
- The Site Benefits from its Close Proximity to Downtown Houston - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy. Walking Distance from Deerbrook Mall - A 1.2+ Million Sq.Ft. Premier Shopping Center featuring more than 135 Stores including National Retail, Dining and Entertainment Options.
Investment Overview
Humble is a city located in Harris County, Texas. It is part of the Houston metropolitan area and is situated about 20 miles northeast of downtown Houston. The City has experienced significant population growth in recent years. Since then, the population of Humble has continued to grow at a steady pace. According to the latest estimates from the US Census Bureau, the population of Humble was 16,563 in 2019, representing a 5.5% increase from the 2010 Census. This growth can be attributed to a number of factors, including the city’s proximity to the Houston metropolitan area, its strong economy, and its quality of life amenities such as parks, museums, and shopping centers. As the Houston metropolitan area continues to grow, it is likely that Humble will also continue to experience population growth in the years to come. The city has taken steps to accommodate this growth by investing in infrastructure, expanding its housing options, and attracting new businesses to the area.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Financing By
