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Property profile & analytics
OFF-MARKET
Lifestyle centers

10855 Tx-242 Conroe, TX 77385

5,422 SF 1.76 ac lot Built 2002
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Year built 2002
Total area 5,422 SF
Lot 1.76 ac (76,753 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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