Marcus & Millichap is pleased to present the opportunity to acquire the property located at 15520 Lee Road in Humble, Texas. The subject property consists of approximately 8,300 square feet of industrial space situated on 1.07 acres. The property is a single-tenant industrial building featuring metal construction, three updated units, 14′ clear height, and five grade-level doors. With a 16 percent building coverage ratio, the property provides ample fenced-in industrial outdoor storage space (IOS). Located less than one mile from the Interstate 69 & Beltway 8 interchange, the property is also in close proximity to George Bush Intercontinental Airport, offering convenient access to major transportation routes.
This investment opportunity offers a triple-net lease at $11.61 per square foot through November 2031 with 5.0 percent annual escalations, generating an initial 7.01 percent cap rate. The property is fully occupied by Eagles Fleet Service, a full-service commercial truck and trailer repair company with 24/7 diesel truck mobile mechanic services. The North Hardy Toll Road submarket has experienced falling vacancies among comparable properties under 10,000 square feet since Q2 2026, making this a prime opportunity for investors. The North Hardy Toll Road submarket plays a crucial role in the region’s industrial and logistics sector, with its proximity to major transportation routes and infrastructure. With its strong tenant and favorable lease terms, this investment is poised for long-term success.
The Houston metropolitan area, where the North Hardy Toll Road submarket is situated, is a major economic hub with a population of over 6.7 million people, spanning across nine counties and approximately 627 square miles. The region has experienced significant job growth, with major industries such as energy, healthcare, and technology driving the economy. The area is also home to two major airports, including George Bush Intercontinental Airport, and an extensive network of highways and rail lines. With its diversifying economy, strong infrastructure, and growing population, the Houston metropolitan area is an ideal location for businesses and investors alike.
BROKER OF RECORD
Tim Speck
Texas Broker of Record
5001 Spring Valley Road, Suite 1100W
Dallas TX
Tel: (972) 755-5200
Tim.Speck@MarcusMillichap.com
License: 901712-BB
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2026 Marcus & Millichap. All rights reserved. (Activity ID: ZAH0040545)
