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POPULAR ALL-YOU-CAN-EAT DINING | NNN GROUND 2050 I-45 6,864 SF Retail Building Conroe, TX 77301 $3,102,041 ($451.93/SF) 7.35% Cap Rate
Investment Highlights
- Long Term Absolute Net Ground Lease (Zero Landlord Responsibilities) feat. 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Prime Location along Interstate 45 with Strong Traffic Counts and Excellent Visibility, positioned within Conroe’s Primary Retail Corridor.
- Chiba Hot Pot is a Popular All-You-Can-Eat Dining Destination Offering an Interactive Experience where Fresh Ingredients.
- Recently Invested over $1.5M in Renovations at this Site, highlighting its Long-Term Commitment to the Location.
- Interstate 45 Captures High Volume Daily Commuter Traffic between Houston, Conroe, and The Woodlands.
- Benefiting from Strong Daytime Population supported by Nearby Office Users, Medical Facilities, Retail Employment Hubs, and Industrial Distribution.
Executive Summary
Chiba Hot Pot | Absolute Net Ground Lease | Over $1.5M Invested in Recent Renovations | Prime Location along Interstate 45 | Popular All-You-Can-Eat Dining Destination | Within Conroe’s Primary Retail Corridor | Located Just North of The Woodlands | Densely Populated and Affluent Area | Strong Daytime Population
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,864 SF
Building Class
C
Year Built/Renovated
1984/2025
Price
$3,102,041
Price Per SF
$451.93
Cap Rate
7.35%
NOI
$228,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
1
Parking
75 Spaces (10.93 Spaces per 1,000 SF Leased)
Frontage
69’ on I-45 Hwy
Amenities
- Freeway Visibility
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Chiba Hot Pot
- Retailer
- 6,864 SF
- -
- Triple Net
- Jun 2034
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Chiba Hot Pot | Retailer | 6,864 SF | - | Triple Net | Jun 2034 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7923-00-00710 | Improvements Assessment | $676,732 |
| Land Assessment | $285,760 | Total Assessment | $962,492 |
Property Taxes
Parcel Number
7923-00-00710
Land Assessment
$285,760
Improvements Assessment
$676,732
Total Assessment
$962,492
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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POPULAR ALL-YOU-CAN-EAT DINING | NNN GROUND | 2050 I-45
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