10855 Tx-242Conroe, TX 77385

Property Details for 10855 Tx-242

Year built

2002

Lot size

1.76 AC

Property size (Sq ft)

5,422 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional freestanding retail building, totaling 5,422 square feet, sits on a 1.76-acre lot in Conroe, Texas, at 10855 TX-242, zip code 77385. Built in 2002 and renovated in 2023, the property boasts a single-story structure with 40 parking spaces. Currently 100% occupied by a credit-rated tenant under a triple-net (NNN) lease, the lease commenced January 1, 2024, and expires January 1, 2029, offering a secure, five-year lease term. The property is categorized as commercial, shopping center, and storefront, making it ideal for various investment strategies. The asking price is $1,750,000. The seller is open to considering a sale-leaseback arrangement, providing flexibility for potential buyers. This property presents a compelling opportunity for investors seeking a stable, income-generating asset with potential for future development given the ample land available. The property's location on Hwy 242 ensures high visibility and accessibility. This is a stabilized investment with owner-user and value-add potential. The property is classified as a single-tenant building within a Montgomery County location.

Location Insight

City

Conroe

County

Montgomery

State

Texas

Latitude

30.2087

Longitude

-95.4162

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