5500 West Davis Street
Conroe, TX
Price:
$7,265,000
Cap Rate:
5.00%
NOI:
$363,246
Building Size:
Approx. 7,600 Sq. Ft.
Lot Size:
Approx. 1.69 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built / Renovated:
2017 / 2019
Investment Overview
- 2017 Construction w/ 2019 Remodel 7,600+/- SF Building on 1.69+/- Acre Site
- 15-Year Corporate Absolute NNN Lease with 10% rent increases every 5-years
- Strategically located along Davis St. (28,000 VPD) in Conroe, TX
- The trading area features above average household incomes of approximately $113,581 within a 1-mile radius of the subject property
- The subject property is located 44-miles north of downtown Houston, TX and notable national credit tenants within the trade area include HEB, ALDI, CVS, McDonald’s, Chicken Express, AT&T, Subway, and many more
- 7-Eleven is the largest chain store operator with approximately 65,000+ locations operating around the world