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Northern Tool and Equipment | Houston MSA 18780 US-59 22,016 SF 4-Star Retail Building Humble, TX 77338 $4,789,000 ($217.52/SF) 6.55% Cap Rate



INVESTMENT HIGHLIGHTS
- PASSIVE NNN LEASE: Minimal landlord responsibilities limited to structure only, the property comes with a 20 yr transferable roof warranty until 2040
- TEXAS TAX BENEFITS: Located in Texas a state with no personal or corporate income tax which enhances overall investor yield and long-term return
- HOUSTON MSA: Humble is a thriving Houston suburb and benefits from a growing population, robust employment, and a diverse economy
- NATIONALLY RECOGNIZED TENANT: Northern Tool is a leading retailer and manufacturer of industrial-grade tools and equipment with over 140 locations
- STRATEGIC LOCATION: Positioned among large destination retailers with excellent visibility and access to major highways and strong retail demand
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Retailer
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99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Northern Tool + Equipment is a multi-channel retailer offering a wide selection of products, ranging from consumer goods to industrial and construction equipment, catering to do-it-yourselfers, contractors, and professional shops through catalogs, the internet (northerntool.com), mobile, and retail locations. The company’s headquarters are in Burnsville, MN, with warehouses in Savage, MN, Fort Mill, SC, and Arlington, TX. They manufacture North Star, Powerhorse, and several other brands at their facilities in Faribault, MN, and Ningbo, China. Northern Tool has a strong retail presence across the U.S. However, the Northern Tool experience goes beyond that, with year-round catalog offerings, a website packed with tools, curbside store pickup, nationwide delivery, and a dedicated team ready to assist customers by phone, ensuring endless possibilities.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1414680010001 | Improvements Assessment | $2,180,762 |
| Land Assessment | $731,370 | Total Assessment | $2,912,132 |
PROPERTY TAXES
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Northern Tool and Equipment | Houston MSA | 18780 US-59
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