1902 Cherry St Tomball, TX 77375-6824

This fee-simple industrial property in Tomball, Texas, offers a compelling investment opportunity. The 25,200-square-foot distribution center, built in 2019, sits on a 1.92-acre lot and boasts a 6.00% cap rate with a strong NOI of $305,172. Currently 100% occupied by a corporate-guaranteed tenant under a triple-net (NN) lease with approximately 4.8 years remaining until the lease expiration date of August 31, 2029. The lease includes two 5-year renewal options, providing long-term stability and rental growth. Ten percent rental increases are built into the lease every five years, offering inflation protection. The property features 25 parking spaces and is zoned for industrial use. Its prime location near State Highway 249 (40,300 VPD) and a major retail corridor, including national retailers like Walmart, Target, and Lowe's, ensures high visibility and strong consumer traffic. The surrounding area demonstrates robust demographics, with a 5-mile trade area population exceeding 138,800 and an average household income of $139,774. This low-management investment opportunity is ideal for out-of-state investors seeking a stable, high-return asset. The property's address is 1902 S Cherry St, Tomball, TX 77375. APN: 1405730010001.