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Humble, TX

Conservclean Care Corporation

Address:
8821 N Sam Houston Pkwy E, Humble, TX 77396
Property Type:
Single Tenant
Price:
$1,635,000
Cap Rate:
7.34% cap
NOI:
$120,000
Square Feet:
5,708 sqft
Lot Size:
1.00 acres
Year Built:
2008
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* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

Investment Highlights

• 9.75 Years Remaining On 10 Year Absolute Net Leased Service Facility
• Office Renovations In Excess Of $50,000 Completed In 2019
• ConservClean Care Is A Leading Full-Service Steam Sterilization & Disinfection Provider With A Focus In Automotive, Residential, Commercial, and Industrial Steam Cleaning And Maintenance Solutions
• Rapid Growth In Immediate Area: 32.79% Estimated Increase In Population Between 2010-2019 Within 1-Mile Radius
• Traffic Counts In Excess of 145,000 Vehicles Per Day On Beltway 8
• Absolute Net Lease: Tenant Responsibility of Taxes, Insurance, Utilities, and Maintenance Means Minimal Landlord Responsibility

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 8821 North Sam Houston Parkway East in Humble, Texas. The subject property consists of approximately 5,708 square feet of space and is situated on one acre of land. The asset features reinforced concrete construction, six grade-level doors, 32 parking spaces, and office renovations in excess of $50,000 that were completed in 2019. There are 9.75 years remaining with an absolute net-leased service facility, offering minimal landlord responsibility for an investor. ConservClean Care is a leading full-service steam sterilization and disinfection provider with a focus in automotive, residential, commercial, and industrial steam cleaning and maintenance solutions. The immediate area has experienced rapid growth with an estimated 32.79 percent increase in population between 2010-2019 within one-mile radius. Traffic counts are in excess of 145,000 vehicles per day on Beltway 8.

Outward expansion has been an ongoing trend in Houston in recent years, and the Lake Houston Area has been a prime beneficiary of that growth. The Lake Houston region boasts proximity to Bush Intercontinental Airport and the Port of Houston and is home to several growing communities including Atascocita, Humble, and Summerwood. The submarket has grown significantly in recent years thanks to infrastructural improvements, large-scale developments, and strong population gains. The extension of the Grand Parkway, known as Houston’s third loop, will pave the way for substantial future growth in the Lake Houston Area. Known as Grand Parkway Segments H and I-1, this 37.5-mile stretch of toll road is expected to deliver in late 2020. (CoStar)

As the fifth most populous metro area in the U.S., Houston houses nearly 6.9 million people in southeastern Texas. The market is composed of nine counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty and Waller. The Gulf of Mexico, which borders the metro to the southeast, provides access to markets around the world via the Port of Houston, making it a prime location for import/export. Houston’s economy has diversified in recent years, with the healthcare and technology sectors showing strong growth. As Houston’s population continues to grow, primarily to the northwest, many companies are expanding to the region to provide goods and services to the increasing population.

 

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060824)