Sun Auto (Absolute Net Lease) — Sale in Humble, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Humble, TX 77346
Photos
Investment Figures
- Cap rate
- 6.45%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Offered for sale is an Absolute Net leased Sun Auto Tire & Service in Humble, Texas, strategically positioned on a 1.69-acre parcel with excellent access and visibility along West Lake Houston Parkway (31,722 VPD). The site anchors the entrance to The Bridges on Lake Houston, a 750–800 home-site master-planned community, and is surrounded by eight new commercial and medical projects built since 2023. The property is located in the high-growth Atascocita/Humble corridor, supported by 143,455 residents and an average household income of $130,587 within five miles. Investment Highlights: • Absolute Net Lease with 7.7 Years Remaining and 10 Percent Rent Increases Every Five Years • Anchors the Entrance to The Bridges on Lake Houston, a 750–800 Home-Site Master-Planned Community • Eight New Commercial and Medical Projects Built in the Trade Area Since 2023 • Large 1.69-Acre Parcel | Excellent Access and Visibility on West Lake Houston Parkway (31,722 VPD) • High-Growth Atascocita/Humble Corridor Submarket | 143,455 Residents and $130,587 Average Household Income (5-Mile Radius) • Five Multifamily Communities Totaling More Than 1,600 Units Built Nearby Since 2018 • 575+ Location National Tenant Backed by Private Equity Ownership
Market Context
This retail in Humble, TX is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Humble, TX — view the full market.
As of Q1 2026, the Houston retail market showed a 5.5% vacancy rate, average asking rents near $21.28/SF/yr, rents up 2.5% year over year, and cap rates around 7.5%. Source: multiple brokerage reports, Q1 2026.
Its 6.5% asking cap rate is below the Houston retail market average of about 7.5%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- What is the typical cap rate for retail in Houston?
- About 7.5% as of Q1 2026, per multiple brokerage reports.
- Is the Houston retail market tightening or softening?
- Vacancy is around 5.5%, with asking rents rising year over year (Q1 2026).
Contact
- Vince Knipp · (972) 755-5205 · vincent.knipp@marcusmillichap.com
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