10.6K SF retail building on main corridor for sale

Kidder Mathews is pleased to present for sale, 20121 Highway 59 N, in Humble, TX. The asset is currently occupied by the local fitness tenant, Space City Gym. The building spans 10,677 SF on 40,075 SF of land. The property is situated just off the main Highway 59 and FM 1960 in the major retail hub of Humble, TX. The asset is directly centered in this prime shopping/entertainment market just outside of Houston.

20121 Highway 59 N is a value-add investment featuring an in-place short term tenant on an under-market rent. The potential investor will have the opportunity to add tremendous value with a market lease-up that benefits from its location in the heart of Humble.

Value-Add/In-Place Single Tenant Net Leased Investment

The site is currently occupied by the local fitness tenant, Space City Gym. The tenant is a local gem with great reviews as a private fitness gym offering group classes and personal training. They have operated since 2021 and are set to expire in 2025. The tenant occupies the whole space allowing the investor to begin their lease-up to market without any delay from other occupants once the lease expires.

Ideally Located on the Main Corridors/Highways

The property is located just off the main intersection of US Highway 59 and Farm to Market Road 1960 (FM 1960). The site shares the same entrance off FM 1960 and Mall Ent 2 adjacent to Ross, Total Wine as well as the Deerbrook Mall. The site is easily accessible with ingress/ egress for visitors with dedicated parking.

Deerbrook Mall Adjacent/Major National Retail Hub

Humble’s national retailers, restaurants, services providers, and businesses are immediately located and surrounding the Deerbrook Mall owned by Brookfield Properties. The mall features a strong retail lineup of Dick’s Sporting Goods, H&M, Dillard’s, Macy’s, and AMC, as well numerous dining options. Shopping centers, retail pads densely surround the mall and the freeway intersection filled with daily needs shopping, dining, and entertainment attractions which include Chic-Fil-A, Total Wine, Walmart, Home Depot, and much more.

Major Retail Hub in the Houston Suburbs

Humble is a suburb outside the major metropolitan area of Houston, Texas. Highway 59/I-69 run through the city, and it is adjacent to the George Bush Intercontinental Airport to the west, and nearby Lake Houston to the east. Housing and retail developments have continuously grown the area providing a large daytime population. Humble is considered Northeast Harris County’s commercial, economic, and social hub.