12491 FM1314
Conroe, TX
Price:
$1,650,000
Cap Rate:
6.05%
NOI:
$99,800
Building Size:
Approx. 9,026 Sq. Ft.
Lot Size:
Approx. 3.08 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2019
Investment Overview
- 2019 Construction 9,026+/- SF Building on 3.08 +/- Acre Site
- 15-year corporate absolute NNN lease with a 10% increase in each option period
- Strategically located along FM 1314 Conroe Porter Road (11,500 VPD) and Creighton Rd. (5,400 VPD)
- Close proximity to 5 major residential living communities and 2 elementary schools
- Subject property approximately 38-miles north from downtown Houston, TX
- Houston MSA 5th largest U.S. population | Located 10-miles north of The Woodlands, one of Houston’s most affluent suburbs