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Floor & Decor | Houston MSA 18840 Highway 59 79,684 SF Retail Building Humble, TX 77338 $19,487,937 CAD ($244.57 CAD/SF) 6.25% Cap Rate

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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

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
79,684 SF
Building Class
B
Year Built
2019
Price
$19,487,937 CAD
Price Per SF
$244.57 CAD
Cap Rate
6.25%
NOI
$1,217,996 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 is a leading specialty retailer and commercial flooring distributor of hard-surface flooring, offering what they believe to be the industry’s broadest in-stock selection of tile, wood, laminate, vinyl, and natural stone flooring. In addition, Floor & Decor stocks the necessary tools, decorative materials and related accessories for one-stop shopping for hard-surface flooring projects. Floor & Decor sources directly from manufacturers around the globe to bring the world’s best and most-innovative flooring to its customers, at everyday low prices. Its large, warehouse-format stores typically stock many products. The company was founded in 2000 and is headquartered in Atlanta, Ga.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Tim Hortons
Frost Bank
Denny's
IHOP
Hartz Chicken Buffet
Monterey's Little Mexico
La Michoacana Meat Market
Wells Fargo
Chase Bank
Pappas Bar-B-Q

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1416570010001
Land Assessment
$3,349,344 CAD
Improvements Assessment
$10,209,427 CAD
Total Assessment
$13,558,770 CAD
  • Listing ID: 38625171

  • Date on Market: 2025-12-02

  • Last Updated:

  • Address: 18840 Highway 59, Humble, TX 77338

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