18780 US-59 - Freestanding FOR SALE


Humble, TX 77338- Lake Houston
$4,753,000 USD
480-221-4221
18780 US-59, Humble, TX for Sale
$4,753,000 USD
Freestanding - FOR SALE
1/7
null | 6% Cap Rate

18780 US-59
Humble, TX 77338
Lake Houston


HIGHLIGHTS

  • Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Deerbrook Mall | Deerbrook Marketplace | Dense Retail Corridor

OVERVIEW

This single-tenant retail investment offers a stable income stream backed by a corporate lease with Northern Tool + Equipment. The NN lease structure and scheduled rent escalations provide predictable cash flow with minimal management burden. Located in a high-traffic retail corridor adjacent to Deerbrook Mall, the property benefits from strong consumer visibility and accessibility. With over 7 years remaining on the initial lease term and two 5-year options, this asset is well-positioned for long-term performance.

FOR SALE DETAILS

PRICE

$4,753,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northern Tool + Equipment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

-

APN/PARCEL ID

1414680010001

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.