19786 Highway 105Montgomery, TX 77356

The Colonnade on Lake Conroe, a Class C, multi-tenant retail shopping center, presents a compelling investment opportunity. This fee-simple property, located at 19786 Hwy 105 W in Montgomery, TX (77356), within the Houston MSA, comprises 27,075 square feet across two single-story buildings on a 2.25-acre lot. Built in 2005, the center boasts 100% occupancy with nine units, featuring a diverse tenant mix including a restaurant, fitness center, and non-profit/religious organizations, demonstrating resilience against online retail competition. Strategically situated on Hwy 105, the property benefits from high visibility and accessibility, with approximately 388 feet of frontage and daily traffic exceeding 25,600 vehicles. The strong demographics are underscored by a $160,473 average household income within a one-mile radius and a projected population increase within a 10-15 minute drive time from approximately 26,877 in 2024 to 27,920 in 2029. Annual retail expenditures within a three-mile radius are currently $269,574,000, projected to reach $321,201,000 by 2028. The property is offered at $177 per square foot, significantly below replacement cost, and features a triple net (NNN) lease structure for 93.2% of its leases. This presents a rare chance to acquire a well-positioned, high-performing retail asset in a rapidly growing market. The property's APN is 9492-00-01200.