18787 Highway 105 Montgomery, TX 77356

Property Details for 18787 Highway 105

Year built

2023

Lot size

0.94 lot acres

Property size

8,481 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

The Shops at Walden is a thriving 8,481-square-foot multi-tenant retail center in Montgomery, Texas. This 2023-built property boasts a prime location at the northeast corner of Walden Road and SH 105, benefiting from exceptional visibility and high traffic counts exceeding 55,000 vehicles per day. Shadow-anchored by a Walmart Supercenter, the center draws approximately 2.1 million annual visitors. Currently 100% occupied by four tenants—Black Rock Coffee, Plush Nail Bar, The Joint Chiropractic, and Dental Boutique—the property features triple-net leases with terms ranging from five to ten years. Most leases include built-in rent increases, providing predictable income growth. The 0.94-acre site is entirely concrete and includes a drive-thru lane. The surrounding area is highly affluent, with average household incomes exceeding $140,000 within one mile. Montgomery County's robust population growth further enhances the long-term investment potential of this exceptional retail opportunity. The property's strong NOI of $315,689 and a 6.50% cap rate make it an attractive investment. This is a rare opportunity to acquire a newly constructed, fully leased retail center in a high-growth market. The asking price is $4,856,700, representing a price per square foot of $572.66.