1500 miles street

1500 Miles St. presents a rare opportunity to acquire a stabilized, net-leased industrial outdoor storage (IOS) asset in Houston’s premier port-adjacent industrial corridor. The ±2-acre site is fully fenced, gated, and configured for efficient laydown yard operations, making it ideal for long-term industrial tenancy. The property is secured by a new 5-year absolute net lease with United States Gypsum Corporation (USG Corp), an investment-grade (AAA-rated) tenant with over $10 billion in annual revenue. The lease features 3% annual rent escalations and zero landlord responsibilities, providing investors with predictable cash flow and passive ownership. Year 1 NOI is $100,800. Strategically located just minutes from the Houston Ship Channel and with immediate access to Interstate 10, the asset benefits from exceptional connectivity to one of the nation’s busiest industrial and logistics hubs. The surrounding area is densely populated with heavy industrial users, creating strong tenant demand and long-term site utility. This offering combines durable IOS fundamentals, institutional-grade tenancy, and a high-barrier-to-entry location, making it an attractive option for investors seeking stable, long-term income with embedded growth.