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Department Store

Floor & Decor | Expanding Corporate Tenant | Tax-Free State | Houston MSA

18840 US-59, Humble, TX 77338

Listing Price: $13,960,640

Cap Rate
6.25%
Tenant Name
Floor & Decor
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
79,684
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.95

Investment Overview

This passive NNN investment opportunity features a long term lease, with minimal landlord responsibilities, limited to roof and structure. Floor & Décor is a nationally recognized specialty retailer, with a strong corporate presence and a rapidly expanding footprint of more than 250 warehouse-format stores and design studios across 38 states. The asset is strategically positioned in a high-traffic Humble retail corridor surrounded by major destination retailers, offering excellent visibility, seamless highway access, and steady regional retail demand. The local market benefits from Humble’s continued population growth, robust employment base, and diversified economy, providing a solid foundation for long-term tenant performance and stability. Investors also benefit from Texas’s no personal or corporate income tax environment, further enhancing overall yield and long-term return potential.

Investment Highlights

  • PASSIVE NNN LEASE: Minimal landlord responsibilities limited to roof & structure, all other expenses are reimbursed by tenant
  • NATIONALLY RECOGNIZED TENANT: Floor & Decor is a leading specialty retailer with over 250 warehouse-format stores and design studios across 38 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 -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Department Store

Floor & Decor | Expanding Corporate Tenant | Tax-Free State | Houston MSA

Listing Price: $13,960,640

Cap Rate
6.25%
Tenant Name
Floor & Decor
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
79,684
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.95

Investment Highlights

  • PASSIVE NNN LEASE: Minimal landlord responsibilities limited to roof & structure, all other expenses are reimbursed by tenant
  • NATIONALLY RECOGNIZED TENANT: Floor & Decor is a leading specialty retailer with over 250 warehouse-format stores and design studios across 38 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 features a long term lease, with minimal landlord responsibilities, limited to roof and structure. Floor & Décor is a nationally recognized specialty retailer, with a strong corporate presence and a rapidly expanding footprint of more than 250 warehouse-format stores and design studios across 38 states. The asset is strategically positioned in a high-traffic Humble retail corridor surrounded by major destination retailers, offering excellent visibility, seamless highway access, and steady regional retail demand. The local market benefits from Humble’s continued population growth, robust employment base, and diversified economy, providing a solid foundation for long-term tenant performance and stability. Investors also benefit from Texas’s no personal or corporate income tax environment, further enhancing overall yield and long-term return potential.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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