3840 Davis St Conroe, TX 77304

Property Details for 3840 Davis St

Year built

2015

Lot size

0.74 lot acres

Property size

6,600 SF

Property type

Medical offices

APN

5158-00-00301

Description

This exceptional 6,600 square foot medical office building, located at 3840 W Davis St in Conroe, Texas, presents a compelling investment opportunity. Built in 2015, the property boasts a fee simple ownership structure, encompassing both land and building, offering complete control and zero landlord responsibilities. Currently occupied by Total Point ER under a 20-year Absolute NNN lease (commencing December 1, 2021, and expiring December 1, 2041), the lease features 17 years remaining and includes four 5-year renewal options. The tenant enjoys a strong credit rating and demonstrates consistent growth, with annual rent bumps of 2%. The property generates a substantial NOI of $519,153, resulting in an attractive 7.25% cap rate. Situated on a 0.74-acre lot with 30 parking spaces, the building benefits from excellent visibility and accessibility along W Davis St, a high-traffic corridor (40,800 vehicles per day). The property's strategic location within a dense retail area, adjacent to a 270-unit apartment complex, and within a trade area of 100,000 residents and 48,000 employees with an affluent average household income of $109,180, ensures strong tenant demand and long-term value. The asking price is $7,161,000, translating to $1,085 per square foot. The property is zoned for General Commercial use and has a Montgomery County APN of 5158-00-00301. This is a rare opportunity to acquire a high-performing, low-maintenance medical office building in a thriving Texas market.

Location Insight

City

Conroe

County

Montgomery

State

Texas

Longitude

-95.4987975

Latitude

30.327788