2008 Traders Rdg DrConroe, TX 77301

For Sale
$2,750,000

15,000 SF NNN Lease, 6.2% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 15,000-square-foot industrial warehouse located at 2008 Traders Ridge Dr, Conroe, Texas, 77301. The property, built in 2023, sits on a 1.94-acre lot within the desirable Trader Ridge Business Park. This single-story, Class B building boasts a 26-foot ceiling height, making it ideal for various distribution and manufacturing uses. The property features 1,500 square feet of office space, 800 amps of heavy power, crane readiness, and a comprehensive sprinkler system. Ample parking and yard space are also available. A five-year net lease (NNN) commenced July 1st, 2024, generating a substantial net operating income (NOI) of $170,500, resulting in an attractive 6.20% capitalization rate. The asking price is $2,750,000, translating to $183.33 per square foot. Its strategic location provides easy access to Loop 336, FM 3083, Highway 105, and Interstate 45, enhancing its logistical appeal. The property's APN is 9290-00-00700. This is a turnkey investment opportunity with a strong tenant and excellent location.

Highlights

  • 15,000 SF industrial warehouse on 1.94 acres in Conroe, TX.
  • Built in 2023, Class B, single-story building in Trader Ridge Business Park.
  • 26' ceiling height, 1,500 SF office space, 800 amps of power, crane-ready, sprinkler system.
  • Ample parking and yard space; Five-year NNN lease started July 1, 2024, with $170,500 NOI and a 6.20% cap rate.
  • Asking price: $2,750,000 ($183.33/SF); Excellent access to major roadways.

Property Details for 2008 Traders Rdg Dr

Property type
Other warehouses, Other industrial properties
Square Feet
15,000 SF
Class
B
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
84,681 SF

Location Insight

City
Conroe
County
Montgomery
State
Texas
Latitude
30.3347305
Longitude
-95.4301396
2008 Traders Rdg Dr, Conroe, Texas

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2008 Traders Rdg Dr
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