This exceptional 6,600 square foot medical office building, located at 3840 W Davis St in Conroe, Texas, presents a compelling investment opportunity. Built in 2015, the property boasts a fee simple ownership structure, encompassing both land and building, offering complete control and zero landlord responsibilities. Currently occupied by Total Point ER under a 20-year Absolute NNN lease (commencing December 1, 2021, and expiring December 1, 2041), the lease features 17 years remaining and includes four 5-year renewal options. The tenant enjoys a strong credit rating and demonstrates consistent growth, with annual rent bumps of 2%. The property generates a substantial NOI of $519,153, resulting in an attractive 7.25% cap rate. Situated on a 0.74-acre lot with 30 parking spaces, the building benefits from excellent visibility and accessibility along W Davis St, a high-traffic corridor (40,800 vehicles per day). The property's strategic location within a dense retail area, adjacent to a 270-unit apartment complex, and within a trade area of 100,000 residents and 48,000 employees with an affluent average household income of $109,180, ensures strong tenant demand and long-term value. The asking price is $7,161,000, translating to $1,085 per square foot. The property is zoned for General Commercial use and has a Montgomery County APN of 5158-00-00301. This is a rare opportunity to acquire a high-performing, low-maintenance medical office building in a thriving Texas market.
Highlights
18-year lease remaining with extension options.
Absolute NNN lease, fee simple ownership, no landlord responsibilities, located in a tax-free state.
Tenant is a rapidly expanding, creditworthy company with excellent performance.
High-traffic retail corridor with national credit tenant presence, adjacent to a large apartment complex.
Excellent visibility and access on W Davis St (40,800 VPD).
Strong trade area with 100,000 residents and 48,000 employees, boasting an affluent average household income of $109,180.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Britt Raymond
Kyle Fant
Visit Broker Website
Learn more
Useful Information
Request information
3840 Davis St, Conroe, Texas, 77304
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
3840 Davis St
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.