10918 Fm 1484 Rd, Conroe, TX 77303
- Commercial real estate
- 10,566 SF
- 2.91 lot acres
Current Use by Public Records
- Western Union / Bank / Credit Union
- Dollar General / Discount Store
Property Details for 10918 Fm 1484 Rd
- Year built
- 2022
- Lot size
- 2.91 lot acres
- Property type
- Commercial real estate
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 22, 2025 | — | Fy Investments LLC | Expert Planner Investment LLC | Warranty Deed | — |
| Oct 12, 2022 | — | Expert Planner Investment LLC | Conroe 1484 Dtp LLC | Deed | $560k · American Bank NA |
Description
This exceptional investment opportunity presents a fee-simple ownership interest in a 10,566 square foot Dollar General store, constructed in 2022, located at 10918 FM 1484 Rd, Conroe, Texas 77303. The property sits on a 2.905-acre lot in a high-traffic area, boasting excellent visibility at the intersection of FM 1484 and FM 2432, with combined daily traffic exceeding 18,000 vehicles. The property benefits from a 15.1-year Absolute NNN lease with Dollar General Corporation, a credit-rated tenant with a corporate guarantee, providing significant financial stability and minimizing landlord responsibilities. The lease commenced April 6, 2022, and has a remaining term of 12.4 years, with three 5-year renewal options, each including a 10% rental rate increase. The current annual net operating income (NOI) is $119,088, resulting in a 4.77% cap rate and a price per square foot of $236.13. The property's zoning is commercial, and the sale includes full ownership. This investment is ideally suited for a 1031 exchange buyer or passive investor seeking a stable, high-yield, and low-maintenance income stream in a rapidly growing area of Texas. Conroe's robust population growth, exceeding 43.21% within a 3-mile radius from 2010 to 2023, further enhances the long-term value and potential of this asset. The property's location, tenant strength, and lease terms combine to offer a compelling investment opportunity with significant upside potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Conroe
- County
- Montgomery
- State
- Texas
- Longitude
- -95.405204
- Latitude
- 30.3883446
