Fixed wireless access has been spreading recently as a complement to wired or fiber solutions, and its implementation on millimeter waves has attracted attention for its potentially high data rates, achievable also in densely populated areas. New hardware and software solutions are needed to overcome various technical issues at those frequencies. We propose a novel modular hybrid beamforming (MHB) architecture, whereby, in receive mode, each module comprises a set of antennas connected to fixed analog beamformers, in turn connected by configurable switches to a smaller set of radio frequency chains. The outputs of all modules are then jointly processed by a digital beamformer. In particular, an MHB performing discrete Fourier transform beamforming for uniform linear arrays is studied. We address the problems of a) switch configuration, b) power allocation and digital beamformer design, and c) channel estimation. For both a) and b) we target the maximization of the total weighted spectral efficiency (WSE) under power and per-user average spectral efficiency (SE) constraints, and we propose greedy efficient solutions. For c) we propose a multistage scheme. We assess the MHB performance in terms of WSE, estimation accuracy, estimation overhead, and computational complexity, and compare them with existing solutions in literature.