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Property profile & analytics
OFF-MARKET
Commercial real estate

332 Fm 1488 Rd Conroe, TX 77384

500 SF Built 2024
Entity Owned 2-yr Hold
Property ID
US83-2244050
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 2024
Total area 500 SF
UPID US83-2244050
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Texas Coffee Stores LLC · 2 yrs held
Texas Coffee Stores LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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