10855 Tx-242 Conroe, TX 77385
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.