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AAA Petroleum 16244 E Texas 105 5,000 SF Retail Building Conroe, TX 77306 $6,510,000 ($1,302/SF) 7.25% Cap Rate
Investment Highlights
- This Site Qualifies for Bonus Depreciation
- Attractive 1.50% Annual Rental Increases
- Prime Highway Frontage at Signalized Intersection
- Absolute Triple Net Lease with No Landlord Responsibilities
- Strong Tenant and Corporate Guarantee
- Rapidly Growing Houston MSA
Executive Summary
Surmount is pleased to present the exclusive listing for an AAA Petroleum located at 16244 TX-105, Conroe, TX 77306. The site consists of roughly 5,000 rentable square feet of building space on an estimated 2-acre parcel of land. This AAA Petroleum is subject to a 20-year Triple Net (NNN) lease, which commenced 12/31/2025. The current annual rent is $465,000 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,000 SF
Building Class
B
Year Built/Renovated
1998/2009
Price
$6,510,000
Price Per SF
$1,302
Cap Rate
7.25%
NOI
$471,975
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
Zoning
commercial - Commercial
Frontage
340’ on Texas 105
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 0073-00-03340 | Improvements Assessment | $0 |
| Land Assessment | $504,162 | Total Assessment | $504,162 |
Property Taxes
Parcel Number
0073-00-03340
Land Assessment
$504,162
Improvements Assessment
$0
Total Assessment
$504,162
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