3710 Fm-1488 Rd - Convenience Store FOR SALE


Conroe, TX 77384- Woodlands
$2,443,000 USD
713-459-1333
3710 Fm-1488 Rd, Conroe, TX for Sale
$2,443,000 USD
Convenience Store - FOR SALE
1/6
null | 5.2% Cap Rate

3710 Fm-1488 Rd
Conroe, TX 77384
Woodlands


HIGHLIGHTS

  • Tenant Since 2011 | Tenant Recently Extended for Five Years
  • Located on Signalized, Hard-Corner of FM 1488 Road and Kuykendahl Road
  • Recently Renovated
  • Average Household Income Within 5 Miles is $174,482
  • Significant Population Growth Projected

OVERVIEW

Marcus & Millichap is pleased to exclusively offer this well-positioned Circle K / Valero fuel and convenience store, located at the signalized, hard-corner intersection of FM 1488 Road and Kuykendahl Road in Conroe, Texas — one of the fastest growing submarkets in the greater Houston MSA. The site benefits from outstanding traffic exposure, with combined counts exceeding 60,000 vehicles per day across the two intersecting thoroughfares (49,070 VPD on FM 1488 alone), ensuring consistent visibility and drive-time capture for both local commuters and regional traffic. Built in 2011 and renovated in 2024, the 5,600-square-foot building sits on a generous 1.50 acre parcel and is offered at $2,443,000, reflecting a 5.20 percent cap rate on in-place NOI of $127,050. Circle K recently extended for five years and has five, five-year renewal options with 10 percent rent increases for each option which will improve the return overtime. The trade area supports strong long-term demand fundamentals: the 5-mile population of approximately 147,721 is projected to grow 8.72 percent by 2030, with an average household income of $174,482 and a median household income exceeding $150,000 — well above regional and national averages. The immediate surroundings feature strong national co-tenancy and traffic generators, including H-E-B, CVS Pharmacy, Tesla, Quick Quack Car Wash, Burger King, and SmartStop Self Storage, reinforcing the corridor’s position as a dominant retail node in the Conroe/Woodlands growth corridor.

FOR SALE DETAILS

PRICE

$2,443,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Circle K - Conroe, Texas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

2

APN/PARCEL ID

2625-03-03000

ASK ABOUT THIS PROPERTY

Gus LagosMarcus & MillichapMore Info
713-459-1333

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Gus LagosMarcus & MillichapMore Info
713-459-1333

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