2050 Interstate 45 Conroe, TX 77301

Property Details for 2050 Interstate 45

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 6,650 square foot, single-tenant, absolute NNN ground lease restaurant in Conroe, Texas. The property, located at 2050 Interstate 45 N, boasts a prime location at the southeast corner of Interstate 45 and Loop 336, benefiting from high visibility and accessibility to over 138,000 vehicles daily. The tenant, Chiba Hot Pot, a popular regional hot pot concept, recently completed over $1.5 million in renovations and signed a new 10-year lease with two 5-year options. The lease includes a favorable 10% rental increase every five years, providing inflation protection and a steadily growing net operating income (NOI). This absolute NNN lease structure eliminates landlord responsibilities, making it an ideal, low-management investment. The property sits on a 17,860 square foot lot and features ample on-site parking, supplemented by nearby retail center parking. The surrounding area is thriving, with a dense population exceeding 92,500 residents and an average household income over $107,200 within a 5-mile radius. Proximity to Lake Conroe further enhances the property's appeal. The asking price is $3,257,000, representing a 7.00% cap rate. This is a truly passive investment opportunity with significant long-term growth potential. The property is a one-story building with 100% occupancy.

Location Insight

City

Conroe

County

Montgomery

State

Texas

Longitude

-95.476559157597

Latitude

30.33168077119

Property Visit Statistics

• Visits by month
  12.3k
• Visitors by month
  10.3k
• Avg Time on site
  57 min