10117 Texas 242
Conroe, TX
Price:
$2270000
Cap Rate:
5.20%
NOI:
$118,000
Building Size:
Approx. 1970 Sq. Ft.
Lot Size:
Approx. 0.58 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2017
Investment Overview
- 2017 Construction. 1,970+/- SF Building on .58+/- Acre Site
- New 10-Year Corp Lease w/ 10% Rent Bumps Every 5-Yrs
- Located along TX Hwy 242 (43K VPD), just E of I-45 (186K VPD)
- Adjacent to Take 5 Oil Change| Near Wendy’s, Valero, Costco
- Near Gerald D Irons Sr HS(1K Stud) | Lone Star College (15K Stud)
- Cattycorner to Montgomery Creek Ranch (New Home Subdivision)
- Local Attractions: The Woodlands Mall | NRG Stadium | Space Center
- Major Employers: BP America | Shell Oil Company | Exxon Mobil Corp
- 3-Mile: Pop Growth: 13.1% (2000-20017)| Avg HH Income: $100,688
- Greater Houston ( MSA) | 6TH Largest MSA in the U.S | Pop: 5,946,800