308 FM 1488 | Conroe, TX 77384
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
308 FM 1488
Conroe, TX 77384
McDonald's Ground Lease · Retail Property For Sale
Investment Highlights
- New 20-year corporate absolute NNN ground lease with zero landlord responsibilities and contractual rent increases of 10% every five years
- In June 2022, SmartAsset reported that Conroe is the third fastest-growing city in the U.S. and the fastest growing in Texas
- Approximately 49% of the residents within a 3-mile radius have attained a bachelor’s or more advanced degree, far outpacing the Houston metro
- Lease is estimated to commence in November 2022, allowing ownership to capitalize on the entire lease term
- Average household incomes exceed $150,000 within a 5-mile radius, 35% higher than the metro average
- There are 5 apartment complexes within walking distance, comprised of 1,935 units and boasting a 94% occupancy rate
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
Learn More About Investing in Retail Properties
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
