For Sale
$4,856,700

18787 Highway 105Montgomery, TX 77356

Walmart-shadowed retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
116
The Shops at Walden is a thriving 8,481-square-foot multi-tenant retail center in Montgomery, Texas. This 2023-built property boasts a prime location at the northeast corner of Walden Road and SH 105, benefiting from exceptional visibility and high traffic counts exceeding 55,000 vehicles per day. Shadow-anchored by a Walmart Supercenter, the center draws approximately 2.1 million annual visitors. Currently 100% occupied by four tenants—Black Rock Coffee, Plush Nail Bar, The Joint Chiropractic, and Dental Boutique—the property features triple-net leases with terms ranging from five to ten years. Most leases include built-in rent increases, providing predictable income growth. The 0.94-acre site is entirely concrete and includes a drive-thru lane. The surrounding area is highly affluent, with average household incomes exceeding $140,000 within one mile. Montgomery County's robust population growth further enhances the long-term investment potential of this exceptional retail opportunity. The property's strong NOI of $315,689 and a 6.50% cap rate make it an attractive investment. This is a rare opportunity to acquire a newly constructed, fully leased retail center in a high-growth market. The asking price is $4,856,700, representing a price per square foot of $572.66.

Highlights

  • 8,481-square-foot multi-tenant retail center.
  • Shadow-anchored by Walmart Supercenter, attracting approximately 2.1 million annual visitors.
  • 100% leased with triple-net (NNN) leases, five to ten-year terms.
  • Most leases include built-in rent increases.
  • Signalized corner lot at Walden Road and SH 105.
  • Over 55,000 vehicles per day (VPD) on nearby roads.

Property Details for 18787 Highway 105

Property type
Lifestyle centers, Power centers
Square Feet
8,481 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
40,946 SF
Units
4

Location Insight

City
Montgomery
County
Montgomery
State
Texas
Latitude
30.383477446625
Longitude
-95.652967779136
18787 Highway 105, Montgomery, Texas

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18787 Highway 105
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