15607 Highway 105Montgomery, TX 77356

Property Details for 15607 Highway 105

Year built

2016

Lot size

1.59 AC

Property size (Sq ft)

4,354 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a freestanding Panera Bread restaurant located at 15607 Highway 105 W, Montgomery, Texas 77356, in Montgomery County. The property, built in 2016, boasts 4,354 square feet on a 1.585-acre lot and includes a convenient drive-thru lane and outdoor patio seating. The current tenant, a multi-unit franchisee operating approximately 20 Panera Bread locations in Texas, is under a Net Lease (NNN) agreement with a primary term extending until November 30, 2031. This lease includes three five-year renewal options, each with an 8% rent increase. The current annual Net Operating Income (NOI) is $211,680, resulting in an attractive 5.70% capitalization rate. The asking price for this well-established, high-performing restaurant is $3,714,000. This property offers a compelling combination of a strong tenant, long-term lease, and significant upside potential, making it an ideal addition to any investment portfolio. The property's location in the Lake Conroe area provides excellent visibility and accessibility.

Location Insight

City

Montgomery

County

Montgomery

State

Texas

Latitude

30.4503

Longitude

-95.6879

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