Northern Tool + Equipment

18780 U.S. 59, Humble, TX 77338

Price: N/A
Net Rentable Area: 22,016 SF
Lot Size: 1.68 Acres
Year Built: 2020
Status: SOLD

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

Property Details

Disclaimer:

The representation contained on this internet page has been secured from sources deemed to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. The information has not been independently verified. Principals are advised to conduct a thorough due diligence review for any potential transaction. Marcus & Millichap Real Estate Investment Services name and logo are used herein for informational purposes only as well as to identify brokerage affiliation.

EXCLUSIVE LISTINGS

Tim Hortons

  • LONG-TERM ABSOLUTE NNN LEASE
    Absolute NNN structure provides truly passive ownership with zero landlord responsibilities

  • EXPERIENCED FRANCHISE OPERATOR
    Operated by the largest Tim Hortons franchisee in the U.S. (134 locations), offering operational strength and stability

  • STRONG NATIONAL BRAND
    Tim Hortons is an internationally recognized quick-service brand with a large and loyal customer base, recently acquired by RBI

  • PRIME SIGNALIZED CORNER LOCATION
    Situated on a high-traffic, signalized intersection with excellent visibility and multiple points of access

  • MODERN CONSTRUCTION WITH DRIVE-THRU
    Built in 2018 with a drive-thru, optimized for high-volume quickservice operations

  • DENSE RETAIL CORRIDOR
    Surrounded by national and regional retailers, driving strong daily traffic and consumer draw

  • ROBUST DEMOGRAPHICS
    Located in a rapidly growing metro with an expanding population and dense population base with strong household incomes supporting consistent quick-service demand

  • ESTABLISHED MARKET PRESENCE
    Columbus is one of the strongest Tim Hortons markets in the U.S., benefiting from brand density and regional familiarity

Columbus, OH

Price: 

$1,625,000

CAP: 

6.30%

NOI: 

$102,410

Wawa

  • BRAND NEW 2026 CONSTRUCTION
    Brand new construction, scheduled for May 2026 delivery

  • BRAND NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
    Completely passive NNN ground lease structure with zero landlord responsibilities

  • INVESTMENT-GRADE TENANT
    Corporate guaranteed lease by Wawa, which has 1,150+ locations and a strong Fitch credit rating of BBB

  • PRIME RETAIL CORRIDOR
    Strategically located along Highway 59 near I-10 at a signalized intersection with strong visibility, access, and traffic driven by both local commuters and Gulf Coast tourism

  • RAPIDLY GROWING TRADE AREA
    Baldwin County is one of Alabama’s fastest-growing regions, with significant population growth, residential development, and expanding retail demand

  • MAJOR JOB & INDUSTRIAL GROWTH DRIVERS
    Area growth is fueled by major projects including the Port Alabama Industrial Center, new Home Depot, ALDI, and Amazon distribution facilities, bringing 1,000’s of new jobs to the area

  • HIGH-GROWTH GULF COAST LOCATION
    Benefiting from proximity to I-10, Mobile, Pensacola, and sustained population and tourism-driven demand, Loxley is rapidly expanding, the 5 mile population has grown over 29% in the last 10 years, with an expected 7.67% growth over the next 5 years

Loxley, AL

Price: 

$3,600,000

CAP: 

5.25%

NOI: 

$189,000

O2B Kids!

  • LONG TERM ABSOLUTE NNN OPPORTUNITY
    New 20-year extension with zero landlord responsibilities

  • RENTAL ESCALATIONS
    Annual scheduled increases of 2.5%

  • STRONG STABLE EARLY EDUCATION TENANCY
    O2B Kids is a proven and expanding industry leader in early education, now with 83 locations nationwide

  • RECESSION-RESISTANT INDUSTRY
    Steady enrollment through economic cycles, with a growing demand from rising number of dual-income households

  • ACCREDITED LOCATION
    The center holds APPLE accreditation (Accredited Professional Preschool Learning Environment) and is recognized by national bodies such as NAC and NECPA

  • PRIME ROYAL PALM BEACH LOCATION
    Strategically situated on 441 , this center serves families from nearby neighborhoods like La Marcha, Willows, and Madison Green, neighborhoods with extremely high average household incomes (over $134,000 in a 1-mile radius)

Royal Palm Beach, FL

Price: 

$4,565,000

CAP: 

6.65%

NOI: 

$303,609

GEODynamics Corporate Headquarters and Manufacturing Facility

  • IRREPLACEABLE LOCATION WITH HIGH TENANT COMMITMENT
    Tenant has invested tens of millions into the campus and owns/leases over 275 acres of surrounding land used for oil well and ballistics testing, creating a highly specialized use and making relocation extremely unlikely
  • ABSOLUTE NNN LEASE
    Truly passive ownership structure providing long term stability with zero landlord responsibilities
  • ANNUAL RENT INCREASES
    Built in rent escalations offers consistent income growth and a hedge against inflation
  • STRONG CORPORATE TENANT
    GeoDynamics is a subsidiary of Oil States International (NYSE:OIS), providing strong corporate backing and financial stability
  • INDUSTRY LEADING TENANT IN ENERGY SERVICES
    GeoDynamics specializes in perforating systems and downhole completion solutions critical to oil and gas well production, making this a mission critical facility
  • STRATEGIC LOCATION IN GROWING DFW METRO
    Located in Millsap within the expanding Dallas Fort Worth metroplex, the subject site benefits from proximity to Weatherford TX, a growing area experiencing expansion and rising household incomes
  • TAX-FREE STATE
    Texas has no state income tax and a business-friendly environment, enhancing investor returns

Millsap, TX

Price: 

$15,999,999

CAP: 

7.30%

NOI: 

$1,168,401*

Advance Financial

  • FUTURE VALUE-ADD OPPORTUNITY
    Tenant is expected to vacate at the end of the current base term, presenting investors with potential upside through releasing or redevelopment
  • ABSOLUTE NNN LEASE
    Provides passive income with zero landlord responsibilities, offering stable cash flow for the remainder of the term, the tenant will continue to operate and pay rent through lease expiration
  • ADDITIONAL INCOME STREAM
    On-site billboard provides supplemental income, increasing overall return potential for investors
  • DRIVE-THRU AND STRONG SITE FUNCTIONALITY
    Property features a drive thru and multiple points of ingress and egress, enhancing accessibility and supporting a wide range of future tenant uses
  • STRATEGIC HIGH TRAFFIC LOCATION
    Positioned along Chapman Highway with traffic counts exceeding 35,000 vehicles per day, benefiting from strong visibility and consistent consumer traffic in a primary retail corridor
  • DENSE AND GROWING KNOXVILLE MARKET
    Located in Knoxville, a major regional hub with a population exceeding 190,000 and over 850,000 in the greater metro area, supported by steady population growth, a diverse economic base, and strong retail demand
  • TENNESSEE TAX ADVANTAGES
    Tennessee offers no state income tax, enhancing investor returns and making it an attractive market for passive real estate ownership

Knoxville, TN

Price: 

$1,998,750

CAP: 

8.28%

NOI: 

$165,400

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