For Sale
$3,257,000

2050 Interstate 45Conroe, TX 77301

High-yield, single-tenant restaurant investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 6,650 square foot, single-tenant, absolute NNN ground lease restaurant in Conroe, Texas. The property, located at 2050 Interstate 45 N, boasts a prime location at the southeast corner of Interstate 45 and Loop 336, benefiting from high visibility and accessibility to over 138,000 vehicles daily. The tenant, Chiba Hot Pot, a popular regional hot pot concept, recently completed over $1.5 million in renovations and signed a new 10-year lease with two 5-year options. The lease includes a favorable 10% rental increase every five years, providing inflation protection and a steadily growing net operating income (NOI). This absolute NNN lease structure eliminates landlord responsibilities, making it an ideal, low-management investment. The property sits on a 17,860 square foot lot and features ample on-site parking, supplemented by nearby retail center parking. The surrounding area is thriving, with a dense population exceeding 92,500 residents and an average household income over $107,200 within a 5-mile radius. Proximity to Lake Conroe further enhances the property's appeal. The asking price is $3,257,000, representing a 7.00% cap rate. This is a truly passive investment opportunity with significant long-term growth potential. The property is a one-story building with 100% occupancy.

Highlights

  • Absolute NNN lease, 10-year initial term with no landlord responsibilities.
  • 10% rent escalations every 5 years throughout the initial term and two 5-year options.
  • Tenant: Chiba Hot Pot, a popular regional all-you-can-eat hot pot restaurant.
  • Excellent visibility and access from I-45 and Loop 336.
  • Ample on-site and nearby parking.

Property Details for 2050 Interstate 45

Property type
Retail properties, Restaurants
Buildings
1
Stories
1

Location Insight

City
Conroe
County
Montgomery
State
Texas
Latitude
30.33168077119
Longitude
-95.476559157597
2050 Interstate 45, Conroe, Texas

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2050 Interstate 45
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