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743 Fish Creek Thoroughfare Montgomery, TX 77316

Sponsored
For Sale
$4,355,461

High-yield, NNN-leased auto shop in booming Montgomery.

Property size:
4,500 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a 4,500 square foot, fee-simple auto shop located at 743 Fish Creek Thoroughfare, Montgomery, TX 77316. The property sits on a 1.36-acre lot within the rapidly growing Woodforest master-planned community, a thriving area featuring a 27-hole golf course, approximately 3,000 single-family homes, and a major grocery-anchored shopping center with national and regional tenants. The property benefits from its adjacency to The Vic at Woodforest, a 334-unit multifamily development that opened in March 2023, ensuring a strong customer base. The property is currently 100% occupied under a 20-year absolute triple-net (NNN) lease, commencing July 30, 2024, and expiring July 30, 2044, with a remaining term of approximately 19.7 years. The lease includes annual rent increases of 1.50% and provides four, five-year renewal options. The tenant is backed by a corporate guarantee, mitigating risk. The asking price is $4,355,461.45, representing a price per square foot of $967.88 and a 5.50% cap rate, with a net operating income (NOI) of $239,550. The building was newly constructed in 2024. This presents a secure, long-term investment with significant upside potential in a high-growth area. The property is a single-tenant building.

Property Features for 743 Fish Creek Thoroughfare

General Information

Property type
Automotive properties
Square Feet
4,500 SF
Lot Size
59,242 SF

Building Details

Year Built
2024

HighLights

  • $4,355,461.45 asking price for a 4,500 square foot auto shop in a Net Lease investment.
  • Located in the Woodforest master‑planned community in Montgomery, TX, featuring a 27‑hole golf course, 3,000 single‑family homes, and a major grocery‑anchored center.
  • Adjacent to The Vic at Woodforest, a 334‑unit multifamily development opened in March 2023.
  • 20‑year Absolute NNN lease with a corporate guarantee, 1.5% annual rent bumps, and 4, 5‑year renewal options.
  • 5.50% cap rate with a $239,550 NOI and 100% occupancy.
Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Hotel & Motel Department Store Accounting Firm Garden Center Veterinary Clinic Laundry Service

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Montgomery
County
Montgomery
State
Texas
Longitude
-95.573917651909
Latitude
30.286447794149

FAQs

What type of property is this?
Automotive property - High-yield, NNN-leased auto shop in booming Montgomery.
Where is this automotive property located?
The property is located at 743 Fish Creek Thoroughfare Montgomery, TX.
What is the asking price?
The asking price for this property is $4,355,461.
What are key features of this property?
This property features: $4,355,461.45 asking price for a 4,500 square foot auto shop in a Net Lease investment.; Located in the Woodforest master-planned community in Montgomery, TX, featuring a 27-hole golf course, 3,000 single-family homes, and a major grocery-anchored center.; Adjacent to The Vic at Woodforest, a 334-unit multifamily development opened in March 2023.
More about this property
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