332 Fm 1488 Rd Conroe, TX 77384

Property Details for 332 Fm 1488 Rd

Year built

2024

Property size

500 SF

Property type

Commercial real estate

Description

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.