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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

743 Fish Creek Thoroughfare Montgomery, TX 77316

4,500 SF 1.36 ac lot Built 2024
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Total area 4,500 SF
Lot 1.36 ac (59,242 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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