308 FM 1488 | Conroe, TX 77384
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308 FM 1488
Conroe, TX 77384
McDONALD'S w/ DUAL DR-THRU | NNN GROUND · Retail Property For Sale
Investment Highlights
- 18+ Year Absolute Net Ground Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- McDonald’s (NYSE: MCD) is Ranked #169 on the Fortune 500 List, Features Investment Grade Credit Rating “BBB+” by S&P’s.
- Densely Populated and Affluent Area: Features an Average Household Income of $131k+ and over 117k People Residing within a 5-Mile Radius.
- The Property is One Block West of I-45, with 196k Daily Vehicles. Positioned Along expanded FM 1488, an East-West thoroughfare connecting I-45.
- Located Just North of The Woodlands: The Most Prosperous Suburb of Houston - Celebrated for its Blend of Natural Beauty, High Quality of Life & more.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Develo
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,456 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.93 AC
Zoning
n/a
Frontage
362 FT on Farm to Market Road 1488
PROPERTY TAXES
| Parcel Number | 8279-02-00200 | Improvements Assessment | $2,332,727 |
| Land Assessment | $567,273 | Total Assessment | $2,900,000 |
PROPERTY TAXES
Parcel Number
8279-02-00200
Land Assessment
$567,273
Improvements Assessment
$2,332,727
Total Assessment
$2,900,000
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