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1000 Rankin Rd, Houston, TX, 77073

2-PROPERTY PORTFOLIO | STRONG NATIONAL BRAND TENANTS
$12,729,000

Key Information

Cap Rate
6%
$ per SF
$178
Tot. SF
71,222
Type
Industrial
NOI
$763,722

Highlights

INVESTMENT HIGHLIGHTS

  • DUAL NATIONAL TENANTS: Anchored by a strong national brand tenant with over 275 locations, and Hunting Energy Services, a global oil & gas service provider. Both tenants operate under Absolute NNN leases, with zero landlord responsibilities.
  • NEW CONSTRUCTION + STABLE TENANT MIX: The national-grade tenant occupies a brand-new 2023-built 38,000 SF facility, while Hunting occupies a ±33,222 SF facility built in 1998—offering both modern infrastructure and a stable, income-producing asset.
  • LONG-TERM LEASE COMMITMENT: The national-grade tenant signed a 15-year lease through October 2038, demonstrating long-term confidence in the location. Hunting Energy maintains a shorter-term lease expiring in 2028, providing flexibility or re-tenanting upside.
  • STRONG ANNUAL RENT GROWTH: The national-grade tenant features 2.5% annual rent bumps, while Hunting increases at 3.0% annually, ensuring steady NOI growth and hedge against inflation.
  • ATTRACTIVE LEASE ECONOMICS: Combined current annual rent exceeds $743,000, with the national tenant generating $11.46/SF and Hunting at $9.27/SF, both supported by Houston’s robust industrial demand. Land rent rates remain favorable at $2.22 $2.92/SF.
  • HIGHLY FUNCTIONAL INDUSTRIAL DESIGN: Situated on ±6.92 total acres, the site offers ample outdoor storage and operational space, with low coverage ratios (19.4% and 31.5%)—a key feature for users requiring material and fleet storage.
  • STRATEGIC HOUSTON LOCATION: Located on Rankin Road just off I-45, the property sits in one of Houston’s key industrial corridors with quick access to major highways, distribution networks, and the George Bush Intercontinental Airport

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225