Log In/Sign Up
Your email has been sent.
Floor & Decor | Houston MSA 18840 Highway 59 79,684 SF Retail Building Humble, TX 77338 $19,109,185 CAD ($239.81 CAD/SF) 6.25% Cap Rate
Investment Highlights
- PASSIVE NNN LEASE: Minimal landlord responsibilities limited to roof & structure, all other expenses are reimbursed by tenant
- TEXAS TAX BENEFITS: Located in Texas a state with no personal or corporate income tax which enhances overall investor yield and long-term return
- HOUSTON MSA: Humble is a thriving Houston suburb and benefits from a growing population, robust employment, and a diverse economy
- NATIONALLY RECOGNIZED TENANT: Floor & Decor is a leading specialty retailer with over 250 warehouse-format stores and design studios across 38 states
- STRATEGIC LOCATION: Positioned among large destination retailers with excellent visibility and access to major highways
Executive Summary
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.
Property Facts Under Contract
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
79,684 SF
Building Class
B
Year Built
2019
Price
$19,109,185 CAD
Price Per SF
$239.81 CAD
Cap Rate
6.25%
NOI
$1,194,324 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
5.49 AC
Parking
247 Spaces (3.1 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Floor & Decor began in 2000 as a specialty retailer focusing on hard-surface flooring options. The company provides tile, natural stone, hardwood, laminate, and vinyl flooring products. They also offer decorative materials and installation accessories. Serving homeowners, contractors, and commercial clients, Floor & Decor operates numerous large-format warehouse stores nationwide. The business emphasizes extensive inventory and low pricing for its customers. Over the years, they've expanded their market presence through new store openings while maintaining their core flooring specialty.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 1416570010001 | Improvements Assessment | $9,998,827 CAD |
| Land Assessment | $3,280,254 CAD | Total Assessment | $13,279,080 CAD |
Property Taxes
Parcel Number
1416570010001
Land Assessment
$3,280,254 CAD
Improvements Assessment
$9,998,827 CAD
Total Assessment
$13,279,080 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Floor & Decor | Houston MSA | 18840 Highway 59
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.