10855 Tx-242Conroe, TX 77385

For Sale
$1,750,000

Prime 5,422 SF Retail Building, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional freestanding retail building, totaling 5,422 square feet, sits on a 1.76-acre lot in Conroe, Texas, at 10855 TX-242, zip code 77385. Built in 2002 and renovated in 2023, the property boasts a single-story structure with 40 parking spaces. Currently 100% occupied by a credit-rated tenant under a triple-net (NNN) lease, the lease commenced January 1, 2024, and expires January 1, 2029, offering a secure, five-year lease term. The property is categorized as commercial, shopping center, and storefront, making it ideal for various investment strategies. The asking price is $1,750,000. The seller is open to considering a sale-leaseback arrangement, providing flexibility for potential buyers. This property presents a compelling opportunity for investors seeking a stable, income-generating asset with potential for future development given the ample land available. The property's location on Hwy 242 ensures high visibility and accessibility. This is a stabilized investment with owner-user and value-add potential. The property is classified as a single-tenant building within a Montgomery County location.

Highlights

  • 5,422 SF free-standing retail building.
  • 100% occupied.
  • Highway 242 frontage.
  • 1.76-acre lot.
  • Excess land available for future development.
  • Sale-leaseback or outright sale option available.

Property Details for 10855 Tx-242

Property type
Lifestyle centers, Power centers
Square Feet
5,422 SF
Year Built/Renovated
2002/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
76,753 SF
Units
1

Location Insight

City
Conroe
County
Montgomery
State
Texas
Latitude
30.208735281825
Longitude
-95.416214672947
10855 Tx-242, Conroe, Texas

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10855 Tx-242
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