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Department Store

Northern Tool + Equipment | Expanding Corporate Tenant | NNN Lease | Houston MSA

18780 US-59, Humble, TX 77338

Listing Price: $4,789,000

Cap Rate
6.55%
Tenant Name
Northern Tool + Equipment
Years Remaining On Lease
7.1
Guarantor
Corporate Guarantee
Rentable SF
22,016
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.25

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

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Department Store

Northern Tool + Equipment | Expanding Corporate Tenant | NNN Lease | Houston MSA

Listing Price: $4,789,000

Cap Rate
6.55%
Tenant Name
Northern Tool + Equipment
Years Remaining On Lease
7.1
Guarantor
Corporate Guarantee
Rentable SF
22,016
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.25

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

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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