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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 TypeRetail
- Total Acres0.04
- Property ID1994841
Landlord's Leasing Representative
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