For Sale
$4,355,461.45

743 Fish Creek ThoroughfareMontgomery, TX 77316

High-yield, NNN-leased auto shop in booming Montgomery.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 4,500 square foot, fee-simple auto shop located at 743 Fish Creek Thoroughfare, Montgomery, TX 77316. The property sits on a 1.36-acre lot within the rapidly growing Woodforest master-planned community, a thriving area featuring a 27-hole golf course, approximately 3,000 single-family homes, and a major grocery-anchored shopping center with national and regional tenants. The property benefits from its adjacency to The Vic at Woodforest, a 334-unit multifamily development that opened in March 2023, ensuring a strong customer base. The property is currently 100% occupied under a 20-year absolute triple-net (NNN) lease, commencing July 30, 2024, and expiring July 30, 2044, with a remaining term of approximately 19.7 years. The lease includes annual rent increases of 1.50% and provides four, five-year renewal options. The tenant is backed by a corporate guarantee, mitigating risk. The asking price is $4,355,461.45, representing a price per square foot of $967.88 and a 5.50% cap rate, with a net operating income (NOI) of $239,550. The building was newly constructed in 2024. This presents a secure, long-term investment with significant upside potential in a high-growth area. The property is a single-tenant building.

Highlights

  • $4,355,461.45 asking price for a 4,500 square foot auto shop in a Net Lease investment.
  • Located in the Woodforest master-planned community in Montgomery, TX, featuring a 27-hole golf course, 3,000 single-family homes, and a major grocery-anchored center.
  • Adjacent to The Vic at Woodforest, a 334-unit multifamily development opened in March 2023.
  • 20-year Absolute NNN lease with a corporate guarantee, 1.5% annual rent bumps, and 4, 5-year renewal options.
  • 5.50% cap rate with a $239,550 NOI and 100% occupancy.

Property Details for 743 Fish Creek Thoroughfare

Property type
Retail properties, Auto shops
Square Feet
4,500 SF
Year Built
2024
Lot Size (sq. ft)
59,242 SF

Location Insight

City
Montgomery
County
Montgomery
State
Texas
Latitude
30.286447794149
Longitude
-95.573917651909
743 Fish Creek Thoroughfare, Montgomery, Texas

FAQs

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].
743 Fish Creek Thoroughfare
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message