Restaurant Site on Interstate
For Sale
$3,102,041
2050 Interstate 45 N, Conroe, TX 77301
Conroe, Texas restaurant property with high visibility on I-45.
Property Size6,864 SF
Price / SF$451.93
Days on Market150
Property Features for 2050 Interstate 45 N
General Information
Standard status
Active
Size
6,864 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Amenities
Long Term Absolute Net Ground Lease (Zero Landlord Responsibilities) featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Recently Invested over $1.5M in Renovations.
Prime Location along Interstate 45 with Strong Traffic Counts and Excellent Visibility, positioned within Conroe's Primary Retail Corridor near Loop 336 and FM 3083.
Interstate 45 Captures High Volume Daily Commuter Traffic between Houston, Conroe, and The Woodlands, providing Exceptional Visibility, Consistent Consumer Exposure, and Direct Access.
Chiba Hot Pot is a Popular All-You-Can-Eat Dining Destination Offering an Interactive Experience where Fresh Ingredients are Delivered to each Table by a Unique Train Conveyor System Circling the Restaurant.
Within a Hobby Lobby and Northern Tool + Equipment Retail Center. Strategically Positioned within Conroe's Primary Retail Corridor surrounded by National Tenants including Target, Walmart Supercenter, Lowe's Home Improvement, and Academy Sports + Outdoors Driving Consistent Consumer Traffic.
Located Just North of The Woodlands: The Most Prosperous Suburb of Houston - Celebrated for its Blend of Natural Beauty, High Quality of Life, & Robust Community Infrastructure.
Surrounded by Dense Residential Growth with Thousands of New Housing Units delivered and Under Construction throughout Conroe and Montgomery County, One of the Fastest Growing Counties in the United States.
Benefiting from Strong Daytime Population supported by Nearby Office Users, Medical Facilities, Retail Employment Hubs, and Industrial Distribution Centers throughout the Greater Conroe and North Houston Submarket. Densely Populated and Affluent Area: Features an Average Household Income of $94k+ and over 102k People Residing within a 5-Mile Radius. Conroe is one of the fastest growing cities in the U.S. - Population has more than doubled since 2000 and Continues to Grow at Record Speeds.
Building Details
Building Size
6,864 SF
Listing Agency:
Marcus & Millichap | San Diego
Listed By:
Alvin Mansour · License #License(s): CA: 01391653, TX: 0606255
(858) 373-3184
Source:
Marcusmillichap
Added: Apr 9
Changed: Sep 3
Last Checked: Sep 5 at 3:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | San Diego
Investment Insights
Based on property information with market context.
Located in Conroe, Texas, within Montgomery County, the property benefits from its position along Interstate 45, offering direct connectivity between Houston and the North Houston suburbs, including The Woodlands and Spring. Interstate 45 serves as a primary commuter corridor with traffic exceeding 100,000 vehicles daily. The surrounding region is supported by major employers including ExxonMobil, Chevron Phillips Chemical, Huntsman Corporation, and Entergy Texas, along with a strong presence of healthcare, education, and industrial employers. Nearby medical anchors such as HCA Houston Healthcare Conroe and CHI St. Luke’s Health The Woodlands Hospital contribute to daytime population and economic activity. Conroe and surrounding submarkets are experiencing residential expansion, with master planned communities such as Grand Central Park, Graystone Hills, and Harper’s Preserve driving population growth and increasing household incomes. This growth is further supported by educational institutions including Lone Star College System and the Conroe Independent School District. The area also benefits from proximity to Lake Conroe, a recreational destination that attracts tourism and weekend traffic, enhancing retail and dining demand. The property is suitable for retail and restaurant uses with long term growth potential. The property size is 6864 square feet.
Key Highlights
- Strategically located in Conroe, Texas, within Montgomery County, one of the fastest‑growing counties in the U.S.
- Direct connectivity via Interstate 45 between Houston and rapidly expanding North Houston suburbs.
- High visibility and consumer traffic due to Interstate 45 carrying over 100,000 vehicles daily.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,298
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,425,960
$2.4M
Cap Rate 7%
$1,732,829
$1.7M
Cap Rate 9%
$1,347,756
$1.3M
Market Conditions
NOI Build-Up for 6,864 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$171.3K $24.96/SF
− Vacancy
−$9.6K −$1.40/SF
EGI
$161.7K $23.56/SF
− OpEx
−$40.4K −$5.89/SF
NOI
$121.3K $17.67/SF
Area
Montgomery County, TX
Vacancy
5.60%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,425,960
Cap Rate 7%
$1,732,829
Cap Rate 9%
$1,347,756
Alternative Uses
Best Use
Specialty Retail
$1.73M
$1.52M – $2.02M
NOI $121,298 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,135
Businesses Nearby
973k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Superstores 27%
Dining 26%
Apparel 8%
Walmart
Superstores
140,236 visits/mo
0.2 miles
Sam's Club
Superstores
95,404 visits/mo
0.3 miles
Academy Sports + Outdoors
Apparel
73,067 visits/mo
0.4 miles
QuikTrip
Shops & Services
60,368 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
49,358 visits/mo
0.1 miles
Demographics for 77301, TX
35,923
Population
12,854
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
75%
High-School Grad
20.2 sq mi
ZIP Area
1,778
Density / Sq Mi
$64,885
Median Household Income
$35,575
Median Earnings
$1,229
Median Rent
$193,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Restaurant - Conroe, Texas restaurant property with high visibility on I-45.
Where is this restaurant located?
The property is located at 2050 Interstate 45 N Conroe, TX.
What is the asking price?
The asking price for this property is $3,102,041.
What are key features of this property?
This property features: Strategically located in Conroe, Texas, within Montgomery County, one of the fastest‑growing counties in the U.S.; Direct connectivity via Interstate 45 between Houston and rapidly expanding North Houston suburbs.; High visibility and consumer traffic due to Interstate 45 carrying over 100,000 vehicles daily.
