1102 Callahan Ave - Office FOR SALE


Conroe, TX 77301
$1,250,000 USD
832-899-4389
1102 Callahan Ave, Conroe, TX for Sale
$1,250,000 USD
Office - FOR SALE
1/11
null | 6.98% Cap Rate

1102 Callahan Ave
Conroe, TX 77301


HIGHLIGHTS

  • Single Tenant NNN Healthcare Asset: Provides passive ownership with minimal landlord responsibilities and predictable income.
  • Long-Term Lease (±7 Years Remaining): Offers stable cash flow backed by a long-term lease structure.
  • Defensive Healthcare Asset Class: Healthcare and assisted living uses benefit from strong demographic trends and recession-resistant demand.
  • 1031 Exchange Eligible Investment: Ideal for investors seeking passive replacement property with stable income.
  • Mark-to-Market Rental Upside: Opportunity to increase rental income to market rates upon lease expiration.
  • Potential Value Appreciation Through Cap Rate Movement: Future upside driven by continued demand for net lease healthcare investments.

OVERVIEW

RE/MAX Commercial Real Estate Advisors, is pleased to present the opportunity to acquire a single-tenant healthcare investment property located at 1102 Callahan Avenue in Conroe, Texas. The property is leased under a long-term triple-net (NNN) lease, offering approximately 7 years of remaining term and providing investors with a stable, predictable income stream with minimal landlord responsibilities. The asset generates $87,296 in annual net operating income, equating to an attractive +/- 7.00% cap rate. Strategically positioned within one of the fastest-growing submarkets in the Houston MSA, the property benefits from strong population growth, increasing demand for healthcare services, and proximity to major employment centers including The Woodlands and North Houston. This offering presents a compelling opportunity for investors seeking a passive, income-producing asset in a defensive healthcare sector, with additional long-term upside through market rent growth at lease expiration and continued investor demand for net lease investments.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

6.98%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Tenant NNN Healthcare Asset For Sale

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

1

APN/PARCEL ID

6800-00-10900

ASK ABOUT THIS PROPERTY

Charles PatawaranRemax Commercial Real Estate AdvisorsMore Info
832-899-4389

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Charles PatawaranRemax Commercial Real Estate AdvisorsMore Info
832-899-4389

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.