10918 Fm 1484 Rd Conroe, TX 77303

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.