5300 Glenmont Dr — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Houston, TX 77081
  • Year built: 1971

Investment Figures

Cap rate
5.55%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

As exclusive agent for the seller, Marcus & Millichap is pleased to present 5300 Glenmont Drive for sale. The single tenant net leased (STNL) industrial asset has been occupied by the same tenant, Master Hitch, for 25 years (since 2001). Furthermore, the tenant has over 10 years remaining on their lease with forthcoming rental increases in both October 2026 and October 2031, thereby increasing investor return over time the lease term. Master Hitch (https://masterhitch.com/), the family-owned business opened the first of their three (3) locations in 1976 in Palatine, Illinois. In 1991 they expanded into Houston and later opened a third location in Spring (Houston MSA), Texas. They provide and install a multitude of towing equipment, accessories for cars and trucks as well as commercial truck and van accessories. If the customer cannot locate what they need, Master Hitch will custom make equipment for your vehicle. They are open Monday through Friday to serve their customers. The property location is in Houston’s Southwest Industrial Corridor with immediate access to both the 610 West Loop and Highway 69 also known as Highway 59 thereby providing customers with multiple options to reach Master Hitch. With over 300 industrial properties in this quadrant of the city, many which are owner-occupied, the occupancy rate is approximately 92 percent with average rents of $10.44/SF/YR. According to CoStar (3/26/26) there has been no new construction starts since 2022 thereby avoiding any overbuilding in the area. The majority of the third-party tenants are small businesses occupying a combination of either office/showroom/warehouse space or office/warehouse space. Investment Highlights: • STNL Light Industrial Office/Showroom/Warehouse • 25-Year Tenant in Place • 10+ Years Remaining Lease Term • Two (2) Rental Increases Occurring: 10/1/26 and 10/1/31 • Average Cap Rate Over Lease Term: 6.14% • Submarket Occupancy 91.9% (per CoStar) • Submarket Rent/SF: $10.44/SF/YR (per Costa

Market Context

This industrial in Houston, TX is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1971. It has been on the market for 101 days. Compare it against other industrial listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston industrial market showed an 8.0% vacancy rate, average asking rents near $10.00/SF/yr, and cap rates around 7.8%. Source: multiple brokerage reports, Q1 2026.

Its 5.5% asking cap rate is below the Houston industrial market average of about 7.8%, reflecting premium pricing relative to comparable assets.

Industrial market FAQ

What is the typical cap rate for industrial in Houston?
About 7.8% as of Q1 2026, per multiple brokerage reports.
Is the Houston industrial market tightening or softening?
Vacancy is around 8.0% (Q1 2026).

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