Starbucks

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10117 State Highway 242
Conroe, TX

Price: $2,292,000
Cap Rate: 5.15%
NOI: $118,000
Building Size: Approx. 1,970 Sq. Ft.
Lot Size: Approx. 0.58 Acres
Status: Available
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2017

Investment Overview

  • 2017 Construction. 1,970+/- SF Building on .58+/- Acre Site
  • New 10-Year Corp Lease w/ 10% Rent Bumps Every 5-Yrs
  • Located along TX Hwy 242 (43K VPD), just E of I-45 (186K VPD)
  • Adjacent to Take 5 Oil Change| Near Wendy’s, Valero, Costco
  • Near Gerald D Irons Sr HS(1K Stud) | Lone Star College (15K Stud)
  • Cattycorner to Montgomery Creek Ranch (New Home Subdivision)
  • Local Attractions: The Woodlands Mall | NRG Stadium | Space Center
  • Major Employers: BP America  | Shell Oil Company | Exxon Mobil Corp
  • 3-Mile:  Pop Growth: 13.1% (2000-20017)| Avg HH Income:  $100,688
  • Greater Houston ( MSA) | 6TH Largest MSA in the U.S | Pop: 5,946,800