Department Store
Northern Tool + Equipment | Expanding Corporate Tenant | NNN Lease | Houston MSA
18780 US-59, Humble, TX 77338
Listing Price: $4,789,000
Investment Overview
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.
Investment Highlights
- PASSIVE NNN LEASE: Minimal landlord responsibilities limited to structure only, the property comes with a 20 yr transferable roof warranty until 2040
- NATIONALLY RECOGNIZED TENANT: Northern Tool is a leading retailer and manufacturer of industrial-grade tools and equipment with over 140 locations across 22 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 potential
- STRATEGIC LOCATION: Positioned among large destination retailers with excellent visibility and access to major highways and strong regional retail demand
- RESILIENT MARKET FUNDAMENTALS: Humble is a thriving Houston suburb and benefits from a growing population, robust employment, and a diverse economy, supporting steady retail performance and tenant stability
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer
Department Store
Northern Tool + Equipment | Expanding Corporate Tenant | NNN Lease | Houston MSA
Listing Price: $4,789,000
Investment Highlights
- PASSIVE NNN LEASE: Minimal landlord responsibilities limited to structure only, the property comes with a 20 yr transferable roof warranty until 2040
- NATIONALLY RECOGNIZED TENANT: Northern Tool is a leading retailer and manufacturer of industrial-grade tools and equipment with over 140 locations across 22 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 potential
- STRATEGIC LOCATION: Positioned among large destination retailers with excellent visibility and access to major highways and strong regional retail demand
- RESILIENT MARKET FUNDAMENTALS: Humble is a thriving Houston suburb and benefits from a growing population, robust employment, and a diverse economy, supporting steady retail performance and tenant stability
Investment Overview
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.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer