332 Fm 1488 Rd Conroe, TX 77384
This exceptional investment opportunity presents a brand-new, 500-square-foot 7 Brew retail property located at 332 FM 1488 in Conroe, Montgomery County, Texas, zip code 77384. The property sits on a 26,789-square-foot lot and boasts an absolute NNN lease structure with a 15-year primary term. The lease includes a favorable 10% rent increase every five years, ensuring consistent and growing income. The property's asking price is $1,304,347, yielding a strong 5.75% cap rate with a current Net Operating Income (NOI) of $75,000. Built in 2024, this 7 Brew location benefits from its position along FM 1488, a major thoroughfare with approximately 55,000 vehicles per day, providing excellent visibility and traffic exposure. The property is situated in one of Texas's fastest-growing counties, offering significant long-term growth potential. This rapidly expanding coffee chain already operates over 150 locations across 14 states, demonstrating a proven business model and brand recognition. The $2.4 average unit volume further underscores the location's strong performance. This is a rare opportunity to acquire a long-term, secure, and high-performing retail investment in a prime location. The ground lease provides additional security and long-term stability for the investor.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.