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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

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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

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.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,016 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$4,789,000
Price Per SF
$217.52
Cap Rate
6.55%
NOI
$313,718
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
1.68 AC

AMENITIES

  • Pylon Sign
  • Signage
  • Wheelchair Accessible
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 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

Tim Hortons
Denny's
Frost Bank
IHOP
Hartz Chicken Buffet
Monterey's Little Mexico
La Michoacana Meat Market
Wells Fargo
Chase Bank
Pappas Bar-B-Q

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1414680010001
Land Assessment
$731,370
Improvements Assessment
$2,180,762
Total Assessment
$2,912,132
  • Listing ID: 38625342

  • Date on Market: 12/2/2025

  • Last Updated:

  • Address: 18780 US-59, Humble, TX 77338

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