4387 Davis St Conroe, TX 77304
Property profile & analytics
Location Intelligence
Current Use by Public Records
- The Learning Experience - Conroe / Daycare Center
Property Details for 4387 Davis St
- Year built
- 2023
- Lot size
- 1.83 lot acres
- Property size
- 10,000 SF
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a brand-new, 10,000-square-foot retail building leased to The Learning Experience, a premier early education program with over 600 locations nationwide. Located at 4387 W. Davis St in Conroe, Texas (Montgomery County, zip code 77304), within the Houston MSA, this property sits on a substantial 1.83-acre lot. The building, constructed in 2023, benefits from a strong location in a thriving retail area alongside established businesses such as H-E-B, Walgreens, CVS, and Aldi. The current lease, a Net Lease (NN) with a single tenant, boasts a 16-year term commencing January 21, 2024, and expiring January 31, 2040, leaving 15.2 years remaining. The lease includes two five-year renewal options and features a 12.5% rent increase every five years, ensuring consistent income growth. The property offers a compelling 6.75% cap rate with a current Net Operating Income (NOI) of $355,000 and an asking price of $5,259,000. The strong demographics of the area, showcasing a 20% population increase within a five-mile radius over the past four years and an average household income of $114,000, further solidify this investment's potential. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a rapidly growing market.
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
- Conroe
- County
- Montgomery
- State
- Texas
- Longitude
- -95.5085
- Latitude
- 30.3312
