Humble, TX - Northern Tool + Equipment

Description:

• Northern Tool + Equipment corporate signed lease
• ~8 years remaining with 2 (5-year) option periods to extend
• The lease features 10% rental increases in the 6th and 11th year of the initial term and in year 16 and year 21 of the option periods

• The subject property is located approximately 1 mile from Deerbrook Mall, a Macy’s and Dillard’s anchored shopping mall with other national/credit tenants such as DICK’S Sporting Goods, Forever 21, GameStop, Chipotle, Taco Bell, and more
• Less than 1.5 miles south of Deebrook Marketplace with major tenants including The Home Depot, Best Buy, Office Depot, Marshalls, PetSmart, Ulta Beauty, Crunch Fitness, and more
• The asset is in the center of a primary retail corridor with national/credit tenants such as a Walmart Supercenter, Sam’s Club, Academy, Boot Barn, Chick-fil-A, and many others
• Strong tenant synergy promotes crossover shopping to the subject property