1906-1908 N Frazier St - Health Club FOR SALE


Conroe, TX 77301
$7,157,895 USD
713-906-4814
1906-1908 N Frazier St, Conroe, TX for Sale
$7,157,895 USD
Health Club - FOR SALE
1/2
null | 7.22% Cap Rate

1906-1908 N Frazier St
Conroe, TX 77301


HIGHLIGHTS

  • ±59,236 SF, 100% occupied center anchored by Planet Fitness & Boot Barn.
  • Prime N. Frazier St. location with strong visibility and traffic.
  • ±4.41 acre site with ample parking and multiple access points.
  • Renovated in 2015 with durable construction and low maintenance.
  • Near Loop 336 & I-45, surrounded by major retail and housing.
  • $7.16M price | $516,971 NOI | 7.22% cap rate stable investment.

OVERVIEW

Conroe Plaza is a ±59,236 SF multi-tenant retail center strategically positioned along the high-traffic N. Frazier Street corridor in the rapidly growing city of Conroe, Texas. The property is 100% occupied and anchored by Planet Fitness and Boot Barn, providing investors with stable, long-term income backed by a healthy mix of regional and national tenants. Situated on ±4.4069 acres, the center offers excellent visibility, multiple access points, and surface parking, creating a strong retail environment that attracts consistent daily traffic. Built in 1970 and renovated in 2015, Conroe Plaza features durable concrete block construction, modern storefronts, improved façade elements, and updated building systems—supporting low maintenance costs and long-term durability. Its prime location benefits from exceptional connectivity to Loop 336 and Interstate 45, drawing both local residents and regional traffic. The surrounding area is home to major retailers, restaurants, and dense residential communities, making Conroe Plaza a highly desirable retail destination. The immediate trade area continues to experience strong population and economic growth, further enhancing the asset’s long-term value and tenancy strength. Offered at $7,157,895 with an in-place NOI of $516,971, the property reflects an attractive 7.22% cap rate, providing investors with a stabilized, cash-flowing asset in one of the fastest-growing submarkets in Texas.

FOR SALE DETAILS

PRICE

$7,157,895 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Bank, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

208

LAND DETAILS

LAND ACRES

4.41 AC

LAND SF

192,100 SF

ZONING

1

APN/PARCEL ID

5176-90-00200

ASK ABOUT THIS PROPERTY

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713-906-4814

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713-906-4814

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