743 Fish Creek Thoroughfare Montgomery, TX 77316
- Retail properties
- 4,500 SF
- 1.36 lot acres
Current Use by Public Records
- Retail properties
Property Details for 743 Fish Creek Thoroughfare
- Year built
- 2024
- Lot size
- 1.36 lot acres
- Property size
- 4,500 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
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.
Value Estimation
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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
- -95.5739
- Latitude
- 30.2864
