Hose of South Texas
Single-tenant Industrial Property | 8.0% CAP | 70,343 SqFt
Marketing description
Northmarq is pleased to present this opportunity to acquire a single-tenant industrial property leased to Hose of South Texas (“HOST”). Founded in 1978 and based in Corpus Christi, TX, HOST is a premier provider of industrial and hydraulic hose products serving infrastructure, manufacturing, petrochemical, transportation, and other industrial end markets. In 2024,
HOST was acquired by TIPCO Technologies, a value-added distributor of fluid conveyance and sealing solutions, operating from over 40 strategic locations across the United States. The property consists of a 70,343-square-foot industrial facility situated on 8.0 acres with significant outdoor storage space located at 4515 Agnes St, Corpus Christi, TX 78405 in Nueces County. The asset features a NN+ lease with the tenant responsible for real estate taxes, utilities, insurance, and routine maintenance. The lease has an initial term through March 2031 and includes three 7-year extension options and 2.5% annual rent increases.
Investment highlights
STRONG CORPORATE GUARANTEE | Hose of South Texas is a value-added distributor of industrial and hydraulic hoses that has served South Texas for over 4 decades, and in 2024 the company was acquired by TIPCO Technologies, a leading provider of fluid conveyance and sealing solutions with 40+ locations.
ATTRACTIVE LEASE STRUCTURE | With nearly 5 years remaining on a NN+ lease, the investment offers stable, predictable cash flow with limited landlord responsibilities.
HIGH YIELD INVESTMENT | The lease yields a 8.00% cap rate with an annualized net income of $592,553 in the current lease year, and it includes 2.5% annual escalators as a hedge against inflation and rising interest rates.
ROBUST INDUSTRIAL MARKET | Corpus Christi is a fast-growing industrial market, driven by energy exports, manufacturing, and significant infrastructure investment, which features a sub-5% vacancy rate and 10-year average annual rent growth of 4.5%.
STRATEGIC LOCATION | The property is ideally situated within a few miles of the Port of Corpus Christi—one of the largest energy and bulk cargo ports in the U.S.—with easy access to major transportation routes including I-37, US-181, and SH-286.
SIGNIFICANT LAND AREA | The property consists of 8.0 acres, which includes substantial outdoor storage space, allowing for future expansion and increased potential for long-term appreciation.
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