10057 Texas 242
Conroe, TX
Price:
$3,117,000
Cap Rate:
3.85%
NOI:
$120,000
Building Size:
Approx. 2,800 Sq. Ft.
Lot Size:
Approx. 1.26 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2022
Investment Overview
- 2022 Construction. 2,800+/- SF Building on 1.26+/- Acre Site
- Brand New 15 Yr Absolute NNN Ground Lease w/ 10% Rental Increases
- Excellent Hard Corner Location in Affluent Trade Area (37K VPD)
- Strong Income Demos w/ an est. $133,965 within a 5-Mile Radius
- New Construction Chick-fil-A Features 2 Drive-Thru Lanes
- Chick-fil-A is the 3rd Largest Restaurant Chain in the US w/ Continued Growth
- Conroe | Located 45-Miles South of Houston | Population: 98,000+