Humble Shopping Center is an 8,000-square-foot, two-tenant retail center situated on approximately 0.80 acres in Humble, Texas. The property is 100 percent leased to Endeavor Luxury Salon Suites and MyEyeDr under triple-net terms. Endeavor Luxury Salon Suites occupies 5,500 square feet, representing approximately 69 percent of the GLA, with a lease extending through April 2036 and contractual annual rent increases. MyEyeDr occupies the remaining 2,500 square feet and is part of a national vision care platform with more than 1,000 locations across 28 states. Originally constructed in 2002, the property offers investors a stabilized, fee-simple retail investment with limited landlord responsibilities, contractual rent growth, and additional long-term upside from below-market rents.
Humble Shopping Center is strategically positioned at 20811 US-59 along Interstate 69, one of Northeast Houston’s primary transportation and retail corridors. The property benefits from exposure to approximately 176,000 vehicles per day along Interstate 69, additional frontage along Townsen Boulevard, and convenient access to the surrounding retail trade area.
FULLY LEASED NNN RETAIL INVESTMENT
100% leased to Endeavor Luxury Salon Suites and MyEyeDr under NNN leases, providing stable cash flow with limited landlord responsibilities.
LONG-TERM LEASE COMMITMENT WITH CONTRACTUAL RENT GROWTH
Endeavor Luxury Salon Suites occupies 5,500 square feet, or approximately 69% of the property, through April 2036 with 2% annual rent increases beginning in May 2028 and two additional five-year renewal options.
SHADOW-ANCHORED BY TARGET & KOHL’S | 1.5+ MILLION COMBINED ANNUAL VISITS
Strategically positioned within a major Target- and Kohl’s-anchored retail destination, providing the property with substantial daily consumer traffic and national-anchor drawing power without the capital requirements or lease exposure associated with owning the anchor space.
BELOW-MARKET RENTS PROVIDE LONG-TERM UPSIDE
Average base rent of approximately $23.03 per square foot compares favorably with nearby retail comparables ranging from $30.00 to $55.76 per square foot, providing potential long-term value creation as leases roll toward prevailing market rents.
HIGH-TRAFFIC NORTHEAST HOUSTON RETAIL CORRIDOR
Positioned along Interstate 69 (US-59), carrying approximately 176,000 vehicles per day, with additional frontage along Townsen Boulevard. The surrounding retail corridor features Deerbrook Mall, Walmart, H-E-B, Lowe’s, Best Buy, Ross Dress for Less, Hobby Lobby, and numerous national restaurants and daily-needs retailers.
STRONG DEMOGRAPHICS & CONTINUED POPULATION GROWTH
More than 137,000 residents live within five miles of the property with average household incomes of approximately $101,000. Five-mile population is projected to exceed 149,000 by 2030, representing growth of approximately 8.3%.
