For Sale
$3,714,000
15607 Highway 105 Montgomery, TX 77356
High-yield Panera Bread investment. Strong lease terms.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Freestanding Panera Bread restaurant in Montgomery, TX.
- 4,354 SF building on a 1.58-acre lot, built in 2016, with drive-thru and patio.
- Net Lease (NNN) with Panera Bread through November 2031, plus three 5-year options with 8% rent increases.
- Current NOI: $211,680; Cap Rate: 5.70%; Asking Price: $3,714,000.
- Excellent visibility and accessibility in the Lake Conroe area.
Property Details for 15607 Highway 105
- Property type
- Retail properties, Restaurants
- Square Feet
- 4,354 SF
- Year Built
- 2016
- Lot Size (sq. ft)
- 69,043 SF
Location Insight
- City
- Montgomery
- County
- Montgomery
- State
- Texas
- Latitude
- 30.4502629
- Longitude
- -95.6878736
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield Panera Bread investment. Strong lease terms.
- Where is the retail property located?
- The property is located at 15607 Highway 105 Montgomery, TX.
- What is the asking price?
- The asking price for this property is $3,714,000.
- What are key features of this property?
- This property features: Freestanding Panera Bread restaurant in Montgomery, TX.; 4,354 SF building on a 1.58-acre lot, built in 2016, with drive-thru and patio.; Net Lease (NNN) with Panera Bread through November 2031, plus three 5-year options with 8% rent increases.
- How can I contact the broker?
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