18787 Highway 105 Montgomery, TX 77356
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Lifestyle centers
Property Details for 18787 Highway 105
- Year built
- 2023
- Lot size
- 0.94 lot acres
- 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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Texas
- Longitude
- -95.653
- Latitude
- 30.3835
