5500 West Davis Street
Conroe, TX
Price:
$7,490,000
Cap Rate:
4.85%
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
- 2019 Remodel. 7,600+/- SF Building on 1.69+/- Acre Site
- New 15-Year Corporate Lease with 10% Rent Bumps Every 5-Years
- Located Along Davis St (28K VDP), Which Leads to I-45
- Near HEB, ALDI, CVS, Walgreens, McDonalds, Chicken Express
- Strong Income Demos w/ $113,581 within a 1-Mile Radius
- Houston-Sugar Land-Baytown MSA is 5th Largest in US
- Conroe | Near Houston | Population: 87 Thousand+
- Sold as Portfolio Along w/ Locations in Lavon & Grand Prairie, TX