18840 Highway 59 - Freestanding FOR SALE


Humble, TX 77338- Lake Houston
$13,960,640 USD
818-907-9525
18840 Highway 59, Humble, TX for Sale
$13,960,640 USD
Freestanding - FOR SALE
1/9
null | 6.25% Cap Rate

18840 Highway 59
Humble, TX 77338
Lake Houston


HIGHLIGHTS

  • PASSIVE NNN LEASE: Minimal landlord responsibilities limited to roof & structure, all other expenses are reimbursed by tenant
  • NATIONALLY RECOGNIZED TENANT: Floor & Decor is a leading specialty retailer with over 250 warehouse-format stores and design studios across 38 states
  • 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
  • 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 features a long term lease, with minimal landlord responsibilities, limited to roof and structure. Floor & Décor is a nationally recognized specialty retailer, with a strong corporate presence and a rapidly expanding footprint of more than 250 warehouse-format stores and design studios across 38 states. The asset is strategically positioned in a high-traffic Humble retail corridor surrounded by major destination retailers, offering excellent visibility, seamless highway access, and steady regional retail demand. The local market benefits from Humble’s continued population growth, robust employment base, and diversified economy, providing a solid foundation for long-term tenant performance and stability. Investors also benefit from Texas’s no personal or corporate income tax environment, further enhancing overall yield and long-term return potential.

FOR SALE DETAILS

PRICE

$13,960,640 USD

PRICE/SF

$175 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Floor & Decor | Houston MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Garden Center, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

247

LAND DETAILS

LAND ACRES

5.49 AC

LAND SF

239,232 SF

ZONING

-

APN/PARCEL ID

1416570010001

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.