Service Street Auto – Woodforest 755 Fish Creek Thoroughfare 4,500 SF Retail Building Montgomery, TX 77316 £3,091,996 (£687.11/SF) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 20 Year Absolute Net Lease Unique value add opportunity with upside on vacant space
- Located next to The Vic at Woodforest, a 334 units multifamily development opened March 2023
- Woodforest Master Plan – 27 hole golf course, 3,000 single family homes, major grocery center with national/regional tenants and users immediate are
EXECUTIVE SUMMARY
743 Fish Creek Thoroughfare, Montgomery, TX 77316
Lease Type: Absolute NNN
Ownership Type: Fee Simple
Primary Term: 20 Years
Lease Commencement: 7/30/2024
Lease Expiration: 7/30/2044
NOI: $239,550.38
Rent Increases: 1.5% Annual
Renewal Options: Four (4), 5-Year
Land Size (Acres): 1.36
Lease Type: Absolute NNN
Ownership Type: Fee Simple
Primary Term: 20 Years
Lease Commencement: 7/30/2024
Lease Expiration: 7/30/2044
NOI: $239,550.38
Rent Increases: 1.5% Annual
Renewal Options: Four (4), 5-Year
Land Size (Acres): 1.36
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,500 SF
Building Class
B
Year Built
2024
Price
£3,091,996
Price Per SF
£687.11
Net Initial Yield
6%
NOI
£185,520
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
1.36 AC
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
