16244 E Texas 105 - Storefront FOR SALE


Conroe, TX 77306
$6,510,000 USD
203-887-8797
16244 E Texas 105, Conroe, TX for Sale
$6,510,000 USD
Storefront - FOR SALE
1/3
null | 7.25% Cap Rate

16244 E Texas 105
Conroe, TX 77306


HIGHLIGHTS

  • This Site Qualifies for Bonus Depreciation
  • Absolute Triple Net Lease with No Landlord Responsibilities
  • Attractive 1.50% Annual Rental Increases
  • Strong Tenant and Corporate Guarantee
  • Prime Highway Frontage at Signalized Intersection
  • Rapidly Growing Houston MSA

OVERVIEW

Surmount is pleased to present the exclusive listing for an AAA Petroleum located at 16244 TX-105, Conroe, TX 77306. The site consists of roughly 5,000 rentable square feet of building space on an estimated 2-acre parcel of land. This AAA Petroleum is subject to a 20-year Triple Net (NNN) lease, which commenced 12/31/2025. The current annual rent is $465,000 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$6,510,000 USD

PRICE/SF

$543 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AAA Petroleum

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

commercial

APN/PARCEL ID

0073-00-03340

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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