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5300 Glenmont Dr
Houston, TX 77081
Industrial Property For Sale
Investment Highlights
- STNL Light Industrial Office/Showroom/Warehouse
- Two (2) Rental Increases Occurring in 2026 and 2031
- Submarket Rent/SF: $10.44/SF/YR (per Costar)
- STNL Light Industrial Office/Showroom/Warehouse, 10+ Years Remaining Lease Term
- Submarket Occupancy 91.9% (per CoStar)
- NNN Lease with Landlord Responsible for ONLY Roof, Foundation, & Exterior Structure
Executive Summary
As exclusive agent for the seller, Marcus & Millichap is pleased to present 5300 Glenmont Drive for sale. The single tenant net leased (STNL) industrial asset has been
occupied by the same tenant, Master Hitch, for 25 years (since 2001). Furthermore, the tenant has over 10 years remaining on their lease with forthcoming rental
increases in both October 2026 and October 2031, thereby increasing investor return over time the lease term.
Master Hitch (https://masterhitch.com/), the family-owned business opened the first of their three (3) locations in 1976 in Palatine, Illinois. In 1991 they expanded into
Houston and later opened a third location in Spring (Houston MSA), Texas. They provide and install a multitude of towing equipment, accessories for cars and trucks as
well as commercial truck and van accessories. If the customer cannot locate what they need, Master Hitch will custom make equipment for your vehicle. They are open
Monday through Friday to serve their customers.
The property location is in Houston’s Southwest Industrial Corridor with immediate access to both the 610 West Loop and Highway 69 also known as Highway 59
thereby providing customers with multiple options to reach Master Hitch. With over 300 industrial properties in this quadrant of the city, many which are owneroccupied,
the occupancy rate is approximately 92 percent with average rents of $10.44/SF/YR. According to CoStar (3/26/26) there has been no new construction starts
since 2022 thereby avoiding any overbuilding in the area. The majority of the third-party tenants are small businesses occupying a combination of either
office/showroom/warehouse space or office/warehouse space.
occupied by the same tenant, Master Hitch, for 25 years (since 2001). Furthermore, the tenant has over 10 years remaining on their lease with forthcoming rental
increases in both October 2026 and October 2031, thereby increasing investor return over time the lease term.
Master Hitch (https://masterhitch.com/), the family-owned business opened the first of their three (3) locations in 1976 in Palatine, Illinois. In 1991 they expanded into
Houston and later opened a third location in Spring (Houston MSA), Texas. They provide and install a multitude of towing equipment, accessories for cars and trucks as
well as commercial truck and van accessories. If the customer cannot locate what they need, Master Hitch will custom make equipment for your vehicle. They are open
Monday through Friday to serve their customers.
The property location is in Houston’s Southwest Industrial Corridor with immediate access to both the 610 West Loop and Highway 69 also known as Highway 59
thereby providing customers with multiple options to reach Master Hitch. With over 300 industrial properties in this quadrant of the city, many which are owneroccupied,
the occupancy rate is approximately 92 percent with average rents of $10.44/SF/YR. According to CoStar (3/26/26) there has been no new construction starts
since 2022 thereby avoiding any overbuilding in the area. The majority of the third-party tenants are small businesses occupying a combination of either
office/showroom/warehouse space or office/warehouse space.
Property Facts
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 5.92% | Year Built | 1971 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.09/1,000 SF |
| Building Class | B | Clear Ceiling Height | 14’ |
| Lot Size | 0.91 AC | No. Drive In / Grade-Level Doors | 5 |
| Rentable Building Area | 11,000 SF | Opportunity Zone |
Yes
|
| Zoning | N/A - N/A | ||
| Sale Type | Investment NNN |
| Cap Rate | 5.92% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.91 AC |
| Rentable Building Area | 11,000 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Tenancy | Single |
| Parking Ratio | 1.09/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 5 |
| Opportunity Zone |
Yes |
| Zoning | N/A - N/A |
Amenities
- Fenced Lot
- Storage Space
- Monument Signage
- Air Conditioning
Utilities
- Lighting
Property Taxes
| Parcel Number | 0370540140038 | Improvements Assessment | $561,677 |
| Land Assessment | $600,000 | Total Assessment | $1,161,677 |
Property Taxes
Parcel Number
0370540140038
Land Assessment
$600,000
Improvements Assessment
$561,677
Total Assessment
$1,161,677
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