| ADDITIONAL PHOTOSADDITIONAL PHOTOS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
1 TABLE OF CONTENTS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
Confidentiality & Disclaimer Contents
The information contained in the following Marketing Brochure is proprietary and strictly PROPERTY INFORMATION 3 confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of LOCATION INFORMATION 7 Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified FINANCIAL ANALYSIS 13 information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due SALE COMPARABLES 20 diligence investigation. Marcus & Millichap has not made any investigation, and makes no RENT COMPARABLES 26 warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the DEMOGRAPHICS 33 property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Non-Endorsement Notice
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS
2 Section 1 PROPERTY INFORMATION PROPERTY INFORMATION | EXECUTIVE SUMMARY
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
OFFERING SUMMARY PROPERTY OVERVIEW
Sale Price: $5,821,000 Marcus & Millichap is pleased to present the opportunity to acquire a 28,820-square foot, multi-tenant shopping center located in a prime retail corridor in the northern Houston suburb of Humble, Texas.
Cap Rate: 7.0% DEMOGRAPHICS
NOI: $407,419 1 MILE 3 MILES 5 MILES
Total Households 1,655 15,674 40,917 Lot Size: 2.1 Acres Total Population 4,210 45,892 120,262
Year Built: 1980 Average HH Income $57,820 $67,080 $76,203
Building Size: 28,820
Price / SF: $201.98
4 PROPERTY INFORMATION | PROPERTY DESCRIPTION
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
PROPERTY DESCRIPTION Marcus & Millichap is pleased to present the opportunity to acquire a 28,820-square foot, multi-tenant shopping center located in a prime retail corridor in the northern Houston suburb of Humble, Texas. Currently 95 percent occupied, The Shops at Humble is anchored by JoAnn Fabric and Craft Store, which accounts for 51 percent of the gross leasable area. JoAnn’s recently exercised a five-year lease renewal, and the store reports strong sales, having a 5.75% rent-to-sales ratio. Other tenants include Royal Dental, Happy Cash, Hannah Nails, D Dominican Beauty Salon, Barber Shop, Massage, Civil Vapes, and The Fire Box. All tenants have triple-net leases. Situated on 2.1 acres, the building was originally constructed in 1980; significant recent improvements include a new roof, new building facade, and new parking lot.
LOCATION DESCRIPTION The subject property is well-positioned in a dense retail trade area off Interstate 69 at the intersection with Farm to Market 1960 Bypass Road. Traffic counts in front of the property are approximately 42,150 vehicles per day. Deerbrook Mall is located directly across the road, featuring more than 130 stores and anchored by Dillard’s, Macy’s, JCPenney, Sears, and Dick’s Sporting Goods. Additional national and regional tenants in close proximity include Sam’s Club, Ross Dress for Less, At Home, Academy Sports and Outdoors, Conn’s HomePlus, Boot Barn, Petco, DSW, Michaels, Five Below, Movie Tavern, Kroger, Walmart Supercenter, Big Lots, Chuck E. Cheese’s, Harbor Freight Tools, The Home Depot, Best Buy, Office Depot, Hobby Lobby, Target, Kohl’s, and numerous others.
Memorial Hermann Northeast Hospital is less than one mile south of the property, a 255-bed facility serving the Lake Houston and Kingwood area for more than 30 years. The hospital additionally serves as the official healthcare provider to passengers traveling through Houston’s George Bush International Airport, which less than five miles away. Several hotels in the neighboring area provide additional traffic to the retail tenants. The subject property’s location enjoys strong demographics. The population within five miles is more than 120,260 residents with an average household income exceeding $76,200.
5 PROPERTY INFORMATION | COMPLETE HIGHLIGHTS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
PROPERTY HIGHLIGHTS • 28,820-Square Foot, Multi-Tenant Retail Center
• 94% Occupied | All Leases are Triple-Net | Upside Potential in Leasing Vacant Suite
• Anchored by JoAnn Fabrics | Tenant Recently Exercised a Five-Year Renewal | Store Reports Strong Sales | Rent-to-Sales Ratio is 5.75% | $173 per Square Foot in Sales
• Complementary Mix of Mostly Internet-Resistant Tenants
• Current Rents are Below Market
• Recent Property Improvements Include a New Roof, New Facade, and New Parking Lot
• Property Sustained No Flooding from Hurricane Harvey
• Located in a Dense Retail Trade Area in the Southwestern Quadrant of the Interstate 69/ Farm to Market 1960 Bypass Road Intersection
• Traffic Counts in rontF of the Property are More than 42,150 Vehicles per Day
• Numerous National Retailers in the Immediate Area Including Sam's Club, Walmart Supercenter, Kroger, Conn's HomePlus, DSW Shoes, Burlington Coat Factory, Academy Sports and Outdoors, and Many Others
• Across from Deerbrook Mall, a Regional Shopping Destination Featuring more than 130 Shops | Anchored by Dillard's, JCPenney, Sears, Macy's, and Dick's Sporting Goods
• One Mile from Memorial Hermann Northeast Hospital | 255-Bed Facility Providing World-Class Care | Serves as the Official Healthcare Provider to George Bush International Airport Passengers
• George Bush International Airport (IAH) is less than Five Miles from the Property | Served more than 43 Million Passengers in 2018 | 15th Busiest Airport in North America Based on Flight Operations | Supports 170,000 Local Jobs and Contributes $22 Billion to the Local Economy
6 Section 2 LOCATION INFORMATION LOCATION INFORMATION | REGIONAL MAP
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
The Shops at Humble
8 LOCATION INFORMATION | LOCATION MAPS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
9 LOCATION INFORMATION | AERIAL MAPS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
10 LOCATION INFORMATION | AERIAL MAPS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
11 LOCATION INFORMATION | AERIAL MAPS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
12 Section 3 FINANCIAL ANALYSIS FINANCIAL ANALYSIS | FINANCIAL SUMMARY
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
INVESTMENT OVERVIEW CURRENT PRO FORMA
Price $5,821,000 $5,821,000 Price per SF $201.98 $201.98 CAP Rate 7.0 % 7.83 % Total Return (yr 1) $407,419 $455,661
OPERATING DATA CURRENT PRO FORMA
Gross Income $538,383 $586,625 Operating Expenses $130,964 $130,964 Net Operating Income $407,419 $455,661
FINANCING DATA CURRENT PRO FORMA
Down Payment $5,821,000 $5,821,000 Loan Type All Cash All Cash
14 FINANCIAL ANALYSIS | INCOME & EXPENSES
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
INCOME SUMMARY CURRENT PER SF PRO FORMA PER SF
Base Rent $423,123 $15.48 $423,123 $15.48 Vacant Space at Market Rents $0 $0.00 $32,538 $22.01 Real Estate Taxes Reimbursements $70,718 $2.45 $74,534 $2.59 Insurance Reimbursements $9,570 $0.33 $10,087 $0.35 Common Area Maintenance Reimbursements $26,472 $0.92 $27,900 $0.97 Management Fee Reimbursements $8,500 $0.29 $18,443 $0.64 Gross Income $538,383 $18.68 $586,625 $20.35
EXPENSE SUMMARY CURRENT PER SF PRO FORMA PER SF
Real Estate Taxes $74,534 $2.59 $74,534 $2.59 Insurance $10,087 $0.35 $10,087 $0.35 Utilities $8,700 $0.30 $8,700 $0.30 Landscaping $5,400 $0.19 $5,400 $0.19 Repairs & Maintenance $6,000 $0.21 $6,000 $0.21 Porter Service $3,600 $0.12 $3,600 $0.12 Trash Disposal $4,200 $0.15 $4,200 $0.15 Management Fee $18,443 $0.64 $18,443 $0.64 Gross Expenses $130,964 $4.54 $130,964 $4.54
Net Operating Income $407,419 $14.14 $455,661 $15.81
*Base Rent is based on the future base rent of $423,123 as of 1/01/20. Current actual rent is $412,516. Seller shall credit buyer the monthly rent differential on a pro rata basis, at Closing.
15 FINANCIAL ANALYSIS | RENT ROLL
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
TENANT UNIT UNIT % OF LEASE LEASE ANNUAL ESC PRICE LEASE EXPENSE NAME NUMBER SIZE (SF) GLA START END RENT DATE PER YEAR TYPE OPTION REIMBURSEMENT
Hanna Nails 9910 1,377 4.78 10/26/1996 12/31/2023 $24,786 $18.00 NNN None $6,260.08 1/1/2021 $19.00 $20.00 D Dominican Beauty Salon 9914 1,071 3.72 6/05/2018 9/30/2023 $20,349 $19.00 NNN (1) 5-Yr $4,871.86 10/1/2020 $20.00 10/1/2021 $21.00 10/1/2022 $22.00 Barber Shop 9918 1,071 3.72 7/01/2018 8/31/2023 $23,562 $22.00 NNN None $4,871.86 Vacant 9922 1,479 5.13 Massage 9926A 1,071 3.72 6/25/2018 9/30/2023 $22,491 $21.00 NNN None $4,871.86 10/1/2021 $22.00 10/1/2022 $23.00 JoAnn Fabric & Craft 9930 14,836 51.48 9/25/1998 1/31/2024 $148,360 $10.00 NNN (1) 5-Yr $58,421.81 8/1/2021 $11.25 Civil Vapes 9942 1,225 4.25 8/01/2013 12/31/2020 $23,275 $19.00 NNN None $5,565.97 The Fire Box 9946 2,167 7.52 9/01/1995 12/31/2021 $34,672 $16.00 NNN None $9,848.49 1/1/2021 $17.00
16 FINANCIAL ANALYSIS | RENT ROLL
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
TENANT UNIT UNIT % OF LEASE LEASE ANNUAL ESC PRICE LEASE EXPENSE NAME NUMBER SIZE (SF) GLA START END RENT DATE PER YEAR TYPE OPTION REIMBURSEMENT
Royal Dental (1) 9950 2,493 8.65 6/01/2009 11/30/2022 $69,804 $28.00 NNN None $11,328.39 12/1/2020 $28.50 Happy Cash 9954 2,030 7.04 9/07/2019 11/30/2026 $55,825 $27.50 NNN (2) 5-Yr $9,219.87 10/1/2020 $28.00 10/1/2021 $28.50 10/1/2022 $29.00 10/1/2023 $29.50
Totals/Averages 28,820 $423,124 $14.68 $115,260.19
(1) Royal Dental has a Right of First Refusal to purchase the property.
*Total Annual Rent is based on the future base rent of $423,123 as of 1/01/20. Current actual rent is $412,516. Seller shall credit buyer the monthly rent differential on a pro rata basis, at Closing.
17 FINANCIAL ANALYSIS | SITE PLAN
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
18 FINANCIAL ANALYSIS | TENANT PROFILES
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
OVERVIEW TENANT SUMMARY Lease Guarante: Corporate For nearly 75 years, JOANN has inspired creativity in the hearts, hands and minds of its customers. From a single storefront in Cleveland, Ohio, the nation's leading fabric and craft Lease Commencement Date: 9/25/1998 retailer has grown to include more than 865 stores across 49 states and an industry-leading Lease Expiration Date: 1/31/2024 e-commerce business. With the goal of helping every customer find their creative Happy Lease Type: Triple-Net Place, JOANN serves as a convenient single-stop for all of the supplies, guidance and inspiration needed to achieve any project or passion. Options Remaining: (1) 5-Year Lease Rate: $10.00/SF Retail stores (operating as JOANN Fabrics and Crafts stores) and the company website (www.joann.com) feature a variety of competitively priced merchandise used in sewing, Website: www.joann.com crafting and home decorating projects, including fabric, notions, crafts, frames, paper TENANT HIGHLIGHTS crafting supplies, artificial floral, finished seasonal and home decor items.
• Tenant Recently Exercised a Five-Year Renewal Option • Rent-to-Sales Ratio is 5.75% | $173 per Square Foot in Sales • Long-Term Lease | Tenant has been in the Center for more than 20 Years
19 Section 4 SALE COMPARABLES SALE COMPARABLES | SALE COMPS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
SUBJECT PROPERTY
9910-9954 FM 1960 Bypass | Humble, TX 77338 Sale Price: $5,821,000 Lot Size: 2.1 AC Year Built: 1980 Building SF: 28,820 SF Price PSF: $201.98 Cap: 7.0% NOI: $407,419
GARDEN OAKS CENTER 1 3406 North Shepherd Drive | Houston, TX 77018 Sale Price: $5,328,000 Lot Size: 0.8 AC 1 Year Built: 1950 Building SF: 13,877 SF Price PSF: $383.94 CAP: 6.39% Closed: 08/16/2018 Occupancy: 100% Molly's Mutt House, Pinks Pizza, Shepherd Park Draught House
TOWER POINT PLAZA 2 4400 State Highway 6 South | College Station, TX 77845 Sale Price: $4,075,000 Lot Size: 0 AC 2 Year Built: 2017 Building SF: 11,410 SF Price PSF: $357.14 CAP: 6.5% Closed: 11/09/2018 Occupancy: 100% Domino's Pizza, T-Mobile, Mattress One, Smiles N' More Dental, Fabric Care Cleaners
21 SALE COMPARABLES | SALE COMPS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
THE CROSSING AT TELFAIR PAD E 3 310 Highway 6 | Sugar Land, TX 77478 Sale Price: $4,088,000 Lot Size: 1.08 AC 3 Year Built: 2017 Building SF: 7,450 SF Price PSF: $548.72 CAP: 6.54% Closed: 08/24/2017 Occupancy: 100% AT&T, Navy Federal CU, MUFG Union Bank
BEAVER SPRINGS PLAZA 4 1701 FM 1960 Rd West | Houston, TX 77090 Sale Price: $3,200,000 Lot Size: 1.39 AC 4 Year Built: 2005 Building SF: 15,400 SF Price PSF: $207.79 CAP: 6.66% Closed: 02/06/2019 Occupancy: 85% Kolache Factory, Pho & Grill, Dentist, 7 Spices, Boost Mobile, Acceptance Auto Insurance
MEADOWS II RETAIL CENTER 5 7909 West Grand Parkway South | Richmond, TX 77407 Sale Price: $6,100,000 Lot Size: 1.86 AC 5 Year Built: 2013 Building SF: 15,692 SF Price PSF: $388.73 CAP: 6.74% Closed: 09/29/2017 Occupancy: 100% Mattress One, Wendy's, Today's Vision, Long Meadow Veterinary Clinic, Little Caesars, Aim Salon
22 SALE COMPARABLES | SALE COMPS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
THE SHOPS AT RICHMOND LAKES 6 9111 FM 723 Road | Richmond, TX 77406 Sale Price: $4,424,000 Lot Size: 1.24 AC 6 Year Built: 2017 Building SF: 10,289 SF Price PSF: $429.97 CAP: 6.75% Closed: 05/30/2018 Occupancy: 100% Arby's, Family Dental Corner, Avalon Nail Lounge, Rosati's Chicago Pizza
23 SALE COMPARABLES | SALE COMPS SUMMARY
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP
The Shops at Humble 9910-9954 FM 1960 Bypass $5,821,000 28,820 SF $201.98 7.0% Humble, TX 77338
SALE COMPS PRICE BLDG SF PRICE/SF CAP CLOSE
1 Garden Oaks Center 3406 North Shepherd Drive $5,328,000 13,877 SF $383.94 6.39% 08/16/2018 Houston, TX 77018
2 Tower Point Plaza 4400 State Highway 6 South $4,075,000 11,410 SF $357.14 6.5% 11/09/2018 College Station, TX 77845
3 The Crossing at Telfair Pad E 310 Highway 6 $4,088,000 7,450 SF $548.72 6.54% 08/24/2017 Sugar Land, TX 77478
4 Beaver Springs Plaza 1701 FM 1960 Rd West $3,200,000 15,400 SF $207.79 6.66% 02/06/2019 Houston, TX 77090
5 Meadows II Retail Center 7909 West Grand Parkway South $6,100,000 15,692 SF $388.73 6.74% 09/29/2017 Richmond, TX 77407
6 The Shops at Richmond Lakes 9111 FM 723 Road $4,424,000 10,289 SF $429.97 6.75% 05/30/2018 Richmond, TX 77406
PRICE BLDG SF PRICE/SF CAP CLOSE Totals/Averages $4,535,833 12,353 SF $367.18 6.6%
24 SALE COMPARABLES | SALE COMPS MAP
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
SUBJECT PROPERTY 9910-9954 FM 1960 Bypass | Humble, TX 77338
GARDEN OAKS CENTER TOWER POINT PLAZA THE CROSSING AT TELFAIR PAD E BEAVER SPRINGS PLAZA 1 3406 North Shepherd Drive 2 4400 State Highway 6 South 3 310 Highway 6 4 1701 FM 1960 Rd West Houston, TX 77018 College Station, TX 77845 Sugar Land, TX 77478 Houston, TX 77090
MEADOWS II RETAIL CENTER THE SHOPS AT RICHMOND LAKES 5 7909 West Grand Parkway South 6 9111 FM 723 Road Richmond, TX 77407 Richmond, TX 77406
25 Section 5 RENT COMPARABLES RENT COMPARABLES | RENT COMPS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
SUBJECT PROPERTY
9910-9954 FM 1960 Bypass | Humble, TX 77338 Lease Rate: $15.48 SF/YR Lease Type: NNN Space Size: 1,479 SF Year Built: 1980 Lot Size: 2.1 AC
DEERBROOK CORNER 1 20026-20050 North Highway 59 | Humble, TX 77338 Lease Rate: $16.25 SF Lease Type: NNN 1 Space Size: 3,000 SF Year Built: 2000 Bldg Size: 91,078 SF Lot Size: 4.73 AC Occupancy: 96.7%
Ashley HomeStore, Souper Salad, Golf Etc., Dixon Jewelers, Freeway Insurance Experts
RUSTIC WOODS CENTER 2 4003 Rustic Woods Drive | Humble, TX 77339 Lease Rate: $18.00 SF Lease Type: NNN 2 Space Size: 1,403 SF Year Built: 1984 Bldg Size: 17,266 SF Lot Size: 1.6 AC Occupancy: 92%
Buzzingo, Kumon Math & Reading Center, Carus Dental, KW Meat Market, Mercury Tanning Salon
27 RENT COMPARABLES | RENT COMPS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
HUMBLE SHOPPING CENTER 3 20811 Highway 59 North | Humble, TX 77338 Lease Rate: $18.00 SF Lease Type: NNN 3 Space Size: 5,500 SF Year Built: 2002 Bldg Size: 7,980 SF Lot Size: 0.8 AC Occupancy: 31%
Today's Vision, Verizon Wireless, Subway, Mattress One
HUMBLE CROSSING 4 9441 FM 1960 West | Humble, TX 77338 Lease Rate: $18.00 SF Lease Type: NNN 4 Space Size: 3,312 SF Year Built: 2005 Bldg Size: 24,939 SF Lot Size: 2.13 AC Occupancy: 87%
Amergy Bank, Norman's Dueling Pionas, Red Wing Shoes, Dirty Juicy Burgers, Cricket Wireless, Liberty Tax
EAGLE SPRINGS SHOPPING CENTER 5 5444 Atascocita Road | Humble, TX 77346 Lease Rate: $18.00 SF Lease Type: NNN 5 Space Size: 1,918 SF Year Built: 2004 Bldg Size: 11,941 SF Lot Size: 1 AC Occupancy: 84%
Bahama Buck's, Venus Tan & Body Spa, Timber Springs Dental, Mathnasium
28 RENT COMPARABLES | RENT COMPS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
DEERBROOK PLAZA 6 9715-9785 East FM 1960 | Humble, TX 77338 Lease Rate: $20.00 SF Lease Type: NNN 6 Space Size: 10,826 SF Year Built: 1987 Bldg Size: 131,392 SF Lot Size: 18.16 AC Occupancy: 92%
Tuesday Morning, Half Price Books, Dollar Tree, Plato's Closet, Sally Beauty, 9Round Fitness, Schlotzsky's
ATASCOCITA CENTER 7 3809 Atascocity Road | Humble, TX 77396 Lease Rate: $26.50 SF Lease Type: NNN 7 Space Size: 1,050 SF Year Built: 2008 Bldg Size: 10,510 SF Lot Size: 5.01 AC Occupancy: 90%
T-Mobile, Baskin Robbins, Tutoring Center, Teethwise Dental, Verizon Wireless, Clear Choice Vision Center
29 RENT COMPARABLES | RENT COMPS SUMMARY
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
SUBJECT PROPERTY PRICE/SF/YR AVAILABLE SF BLDG SF OCCUPANCY %
The Shops at Humble 9910-9954 FM 1960 Bypass $15.48 SF/yr (NNN) 1,479 SF 28,820 SF 94.87% Humble, TX 77338
RENT COMPS PRICE/SF/YR AVAILABLE SF BLDG SF OCCUPANCY %
1 Deerbrook Corner 20026-20050 North Highway 59 $16.25 3,000 SF 91,078 SF 96.7% Humble, TX 77338
2 Rustic Woods Center 4003 Rustic Woods Drive $18.00 1,403 SF 17,266 SF 92% Humble, TX 77339
3 Humble Shopping Center 20811 Highway 59 North $18.00 5,500 SF 7,980 SF 31% Humble, TX 77338
4 Humble Crossing 9441 FM 1960 West $18.00 3,312 SF 24,939 SF 87% Humble, TX 77338
5 Eagle Springs Shopping Center 5444 Atascocita Road $18.00 1,918 SF 11,941 SF 84% Humble, TX 77346
6 Deerbrook Plaza 9715-9785 East FM 1960 $20.00 10,826 SF 131,392 SF 92% Humble, TX 77338
7 Atascocita Center 3809 Atascocity Road $26.50 1,050 SF 10,510 SF 90% Humble, TX 77396
Totals/Averages $19.25 3,858 SF 42,158 SF 81.81%
30 RENT COMPARABLES | RENT COMPS MAP
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
SUBJECT PROPERTY 9910-9954 FM 1960 Bypass | Humble, TX 77338
DEERBROOK CORNER RUSTIC WOODS CENTER HUMBLE SHOPPING CENTER HUMBLE CROSSING 1 20026-20050 North Highway 59 2 4003 Rustic Woods Drive 3 20811 Highway 59 North 4 9441 FM 1960 West Humble, TX 77338 Humble, TX 77339 Humble, TX 77338 Humble, TX 77338
EAGLE SPRINGS SHOPPING DEERBROOK PLAZA ATASCOCITA CENTER 5 CENTER 6 9715-9785 East FM 1960 7 3809 Atascocity Road 5444 Atascocita Road Humble, TX 77338 Humble, TX 77396 Humble, TX 77346
32 Section 6 DEMOGRAPHICS DEMOGRAPHICS | DEMOGRAPHICS MAP & REPORT
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
POPULATION 1 MILE 3 MILES 5 MILES Total population 4,511 34,114 92,749 Median age 30.5 31.3 31.4 Median age (Male) 28.1 29.6 30.2 Median age (Female) 31.1 31.9 32.1
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 1,429 11,008 29,517 # of persons per HH 3.2 3.1 3.1 Average HH income $57,820 $64,972 $70,612 Average house value $107,481 $119,743 $127,931
* Demographic data derived from 2010 US Census
34 INFORMATION ABOUT BROKERAGE SERVICES Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. 11-2-2015
TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any o er to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly. ff A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: . that the owner will accept a price less than the written asking price; . that the buyer/tenant will pay a price greater than the price submitted in a written offer; and . any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duties and responsibilities to you, and your obligations under the representation agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.
Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone
Designated Broker of Firm License No. Email Phone
Licensed Supervisor of Sales Agent/Associate License No. Email Phone
Sales Agent/Associate’s Name License No. Email Phone
Buyer/Tenant/Seller/Landlord Initials Date
Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov IABS 1-0 DEMOGRAPHICS | ADDITIONAL PHOTOS
The Shops at Humble 9910-9954 FM 1960 Bypass, Humble, TX 77338
36