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19786 Highway 105 W
Montgomery, TX 77356
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Surrounded by Dense, high Income Residential Subdivisions.
- Well Maintained Concrete Parking Lot.
- 93.1% Occupancy, with 93.2% of Leases Being NNN.
- New LED Parking Lot and Walkway Lighting.
- Priced at Below Replacement Cost.
- Management Fee Included as Operating Expenses – Presenting an Upside for Owner-managed Property Owner.
EXECUTIVE SUMMARY
Partners is pleased to exclusively present for sale The Colonnade on Lake Conroe ("Property"), a multitenant retail shopping center encompassing 27,075 square feet on a large 2.25-acre parcel in Montgomery, Texas, part of the Houston Metropolitan Statistical Area (MSA). The Property is strategically located along State Highway 105, the primary east-west thoroughfare connecting residents and commuters to Interstate 45.
The Colonnade on Lake Conroe boasts a 100% occupancy. Its Amazon-resistant tenant mix includes two restaurants, a retail resale shop and religious center. With approximately 388 feet of frontage on State Highway 105, The Colonnade on Lake Conroe offers excellent visibility and accessibility to the 25,600 vehicles passing by on a daily basis.
This investment opportunity allows investors to capitalize on the property's prime location, robust demographics, and diverse tenant base in a thriving retail market.
The Colonnade on Lake Conroe boasts a 100% occupancy. Its Amazon-resistant tenant mix includes two restaurants, a retail resale shop and religious center. With approximately 388 feet of frontage on State Highway 105, The Colonnade on Lake Conroe offers excellent visibility and accessibility to the 25,600 vehicles passing by on a daily basis.
This investment opportunity allows investors to capitalize on the property's prime location, robust demographics, and diverse tenant base in a thriving retail market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
22,075 SF
Building Class
B
Year Built
2005
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
2.25 AC
Zoning
3
Parking
40 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
288’ on Highway 105 Rd
AMENITIES
- 24 Hour Access
- Fenced Lot
- Pylon Sign
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 9492-00-01200 | Improvements Assessment | $1,780,376 |
| Land Assessment | $819,624 | Total Assessment | $2,600,000 |
PROPERTY TAXES
Parcel Number
9492-00-01200
Land Assessment
$819,624
Improvements Assessment
$1,780,376
Total Assessment
$2,600,000
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