• 11420 Texas 242, Conroe, TX 77385

This property isn't on the market right now.

Property Details

Exclusive Net-Lease Offering Memorandum

Texas 242 & Harpers Trace Conroe, TX 77385 - Take 5 Oil - Exclusive Net Lease Offering Memorandum

New 10 year corporate ground lease - commencing Mid-May 2018
Offered at a 6% CAP rate with 10% increases every 5 years including option periods
Strong guarantee from experienced operator - 189 locations in 12 states
High area income ddemographics with $89,232; $101,383; $127,573 AHI within a 1,3, and 5 mile radius respectively
Property benefits from explosive growth taking place in the Conroe area; Conroe was the fastest-growing large city in the United States between July 2015

  • Property Type
    Retail
  • Total Acres
    0.04
  • Property ID
    1994841

Landlord's Leasing Representative

  • Edward Benton
    Colliers | Houston