1906-1908 N Frazier St 59,236 SF 100% Leased Retail Building Conroe, TX 77301 $7,157,895 ($120.84/SF) 7.22% Cap Rate

Conroe Plaza is a ±59,236 SF multi-tenant retail center strategically positioned along the high-traffic N. Frazier Street corridor in the rapidly growing city of Conroe, Texas. The property is 100% occupied and anchored by Planet Fitness and Boot Barn, providing investors with stable, long-term income backed by a healthy mix of regional and national tenants.
Situated on ±4.4069 acres, the center offers excellent visibility, multiple access points, and surface parking, creating a strong retail environment that attracts consistent daily traffic. Built in 1970 and renovated in 2015, Conroe Plaza features durable concrete block construction, modern storefronts, improved façade elements, and updated building systems—supporting low maintenance costs and long-term durability.
Its prime location benefits from exceptional connectivity to Loop 336 and Interstate 45, drawing both local residents and regional traffic. The surrounding area is home to major retailers, restaurants, and dense residential communities, making Conroe Plaza a highly desirable retail destination. The immediate trade area continues to experience strong population and economic growth, further enhancing the asset’s long-term value and tenancy strength.
Offered at $7,157,895 with an in-place NOI of $516,971, the property reflects an attractive 7.22% cap rate, providing investors with a stabilized, cash-flowing asset in one of the fastest-growing submarkets in Texas.