18780 US-59 - Freestanding FOR SALE


Humble, TX 77338- Lake Houston
$4,789,000 USD
818-907-9525
18780 US-59, Humble, TX for Sale
$4,789,000 USD
Freestanding - FOR SALE
1/9
null | 6.55% Cap Rate

18780 US-59
Humble, TX 77338
Lake Houston


HIGHLIGHTS

  • PASSIVE NNN LEASE: Minimal landlord responsibilities limited to structure only, the property comes with a 20 yr transferable roof warranty until 2040
  • NATIONALLY RECOGNIZED TENANT: Northern Tool is a leading retailer and manufacturer of industrial-grade tools and equipment with over 140 locations
  • TEXAS TAX BENEFITS: Located in Texas a state with no personal or corporate income tax which enhances overall investor yield and long-term return
  • STRATEGIC LOCATION: Positioned among large destination retailers with excellent visibility and access to major highways and strong retail demand
  • HOUSTON MSA: Humble is a thriving Houston suburb and benefits from a growing population, robust employment, and a diverse economy

OVERVIEW

This passive NNN investment opportunity offers a property with minimal landlord responsibilities, limited to the structure only, and includes a 20-year transferable roof warranty through 2040. Northern Tool is a nationally recognized retailer and manufacturer of industrial-grade tools and equipment with more than 140 locations across 22 states. Strategically located in Humble, a thriving Houston suburb, the property benefits from strong regional retail demand, excellent visibility, and easy access to major highways, surrounded by other large destination retailers. The local market features a growing population, robust employment, and a diverse economy, supporting steady retail performance and long-term tenant stability. Investors also benefit from Texas’s lack of personal and corporate income tax, enhancing overall yield and long-term return potential.

FOR SALE DETAILS

PRICE

$4,789,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northern Tool and Equipment | Houston MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Garden Center, Supermarket, Department Store

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

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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