Shops at Walden | 18784 SH 105
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Shops at Walden 18784 SH 105
8,481 SF 100% Leased Retail Building Montgomery, TX 77356 $4,856,700 ($573/SF) 6.50% Cap Rate
Investment Highlights
- 8,481-Square-Foot, Multi-Tenant Retail Center
- 100% Leased | All Leases are Triple-Net with Five to 10-Year Terms
- Signalized Location at the Northeastern Corner of Walden Road and SH 105
- Shadow-Anchored by Walmart Supercenter | Approximately 2.1 Million Annual Visitors
- Majority of the Leases Include Scheduled Rent Increases
Executive Summary
The Shops at Walden is a 100 percent leased, multi-tenant retail center located at the NEC of Walden Road and SH 105 in Montgomery County, Texas. The tenants include national and local retailers (Black Rock Coffee, Plush Nail Bar, The Joint Chiropractic, and Dental Boutique). Black Flag Properties constructed the center in 2023. The parcel is .94 acres, is entirely concrete and includes a drive-thru (currently serving Black Rock Coffee).
The Shops at Walden is located at the NEC of Walden Road and SH 105 in the NW quadrant of Montgomery County. The center is anchored by a Walmart Supercenter in a sub-market served by retailers including Walgreens, Exxon, Circle K, Chase Bank, Tractor Supply Co., Ace Hardware, Kroger Marketplace, Sport Clips, Discount Tire, Dutch Bros Coffee, Burger King, Starbucks, MOD Pizza, Chick-fil-A, Subway, Spec's Wines, Spirits & Finer Foods, and more.
Montgomery County has been ranked in the US top 10 for housing starts and population growth since 2016. The county includes The Woodlands, Conroe, Montgomery, Porter, New Caney, and Magnolia. Montgomery County’s population grew 323 percent from 127,000 in 2006 to 538,000 residents in 2015. Population is expected to more than double, to 1,183,000 by 2040. The county seat, Conroe, was the United States’ fastest-growing city in 2016 with a population of 82,286 and a 7.8 percent annual population increase.
The Shops at Walden is located at the NEC of Walden Road and SH 105 in the NW quadrant of Montgomery County. The center is anchored by a Walmart Supercenter in a sub-market served by retailers including Walgreens, Exxon, Circle K, Chase Bank, Tractor Supply Co., Ace Hardware, Kroger Marketplace, Sport Clips, Discount Tire, Dutch Bros Coffee, Burger King, Starbucks, MOD Pizza, Chick-fil-A, Subway, Spec's Wines, Spirits & Finer Foods, and more.
Montgomery County has been ranked in the US top 10 for housing starts and population growth since 2016. The county includes The Woodlands, Conroe, Montgomery, Porter, New Caney, and Magnolia. Montgomery County’s population grew 323 percent from 127,000 in 2006 to 538,000 residents in 2015. Population is expected to more than double, to 1,183,000 by 2040. The county seat, Conroe, was the United States’ fastest-growing city in 2016 with a population of 82,286 and a 7.8 percent annual population increase.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
8,481 SF
Building Class
B
Year Built
2023
Price
$4,856,700
Price Per SF
$573
Cap Rate
6.50%
NOI
$315,689
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.94 AC
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0008-00-00600 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $587,736 |
PROPERTY TAXES
Parcel Number
0008-00-00600
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$587,736
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Shops at Walden | 18784 SH 105
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