3840 Davis StConroe, TX 77304

Property Details for 3840 Davis St

Year built

2015

Lot size

0.74 AC

Property size (Sq ft)

6,600 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional 6,600 square foot medical office building, located at 3840 W Davis St in Conroe, Texas, presents a compelling investment opportunity. Built in 2015, the property boasts a fee simple ownership structure, encompassing both land and building, offering complete control and zero landlord responsibilities. Currently occupied by Total Point ER under a 20-year Absolute NNN lease (commencing December 1, 2021, and expiring December 1, 2041), the lease features 17 years remaining and includes four 5-year renewal options. The tenant enjoys a strong credit rating and demonstrates consistent growth, with annual rent bumps of 2%. The property generates a substantial NOI of $519,153, resulting in an attractive 7.25% cap rate. Situated on a 0.74-acre lot with 30 parking spaces, the building benefits from excellent visibility and accessibility along W Davis St, a high-traffic corridor (40,800 vehicles per day). The property's strategic location within a dense retail area, adjacent to a 270-unit apartment complex, and within a trade area of 100,000 residents and 48,000 employees with an affluent average household income of $109,180, ensures strong tenant demand and long-term value. The asking price is $7,161,000, translating to $1,085 per square foot. The property is zoned for General Commercial use and has a Montgomery County APN of 5158-00-00301. This is a rare opportunity to acquire a high-performing, low-maintenance medical office building in a thriving Texas market.

Location Insight

City

Conroe

County

Montgomery

State

Texas

Latitude

30.3278

Longitude

-95.4988

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