3301 Davis St Conroe, TX 77304

Conroe Plaza, a 7,964 square foot shopping center in Conroe, Texas, is offered at $2,645,000. Built in 2006 on a 0.7-acre lot, this multi-tenant retail property boasts 100% occupancy with a strong tenant mix under a Net Net + lease structure. Located at 3301 W Davis St, 77304, it benefits from a prime location directly across from Conroe High School and situated on Conroe's main east-west thoroughfare, experiencing high daily vehicle traffic (218,529 VPD). The property enjoys proximity to a high-volume HEB grocery store (less than a mile away), attracting approximately 2.1 million annual visits. Significant upside potential exists due to a weighted average rent significantly below market value (over 20% below), with only 22% of the gross leasable area having options, and those at fair market value. The area demonstrates strong demographics, including a 22% population growth since 2020 and an average household income exceeding $116,444. The property features a new roof (installed in 2017) and minimal deferred maintenance, promising a stable and potentially lucrative investment opportunity. A 5-year compound annual growth rate of 5.54% further underscores the investment potential.