Investment Overview

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 24 years (since 2001). Furthermore, the tenant has over 11 years remaining on their lease with forthcoming rental increases in both October 2026 and October 2031, thereby increasing the return over time for an investor. 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 owner-occupied, the occupancy rate is approximately 93 percent with average rents running over $10/SF/YR. According to CoStar, 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 with either office/showroom/warehouse space or office/warehouse space to operate their businesses.