743 Fish Creek Thoroughfare Montgomery, TX 77316
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.