18784 SH 105 - Retail FOR SALE


Montgomery, TX 77356
$4,856,700 USD
972-755-5225
18784 SH 105, Montgomery, TX for Sale
$4,856,700 USD
Retail - FOR SALE
1/12
null | 6.5% Cap Rate

18784 SH 105
Montgomery, TX 77356


HIGHLIGHTS

  • 8,481-Square-Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Walmart Supercenter | Approximately 2.1 Million Annual Visitors
  • 100% Leased | All Leases are Triple-Net with Five to 10-Year Terms
  • Majority of the Leases Include Scheduled Rent Increases
  • Signalized Location at the Northeastern Corner of Walden Road and SH 105

OVERVIEW

The Shops at Walden is a 100 percent leased, multi-tenant retail center located at the NEC of Walden Road and SH 105 in Montgomery County, Texas. The tenants include national and local retailers (Black Rock Coffee, Plush Nail Bar, The Joint Chiropractic, and Dental Boutique). Black Flag Properties constructed the center in 2023. The parcel is .94 acres, is entirely concrete and includes a drive-thru (currently serving Black Rock Coffee). The Shops at Walden is located at the NEC of Walden Road and SH 105 in the NW quadrant of Montgomery County. The center is anchored by a Walmart Supercenter in a sub-market served by retailers including Walgreens, Exxon, Circle K, Chase Bank, Tractor Supply Co., Ace Hardware, Kroger Marketplace, Sport Clips, Discount Tire, Dutch Bros Coffee, Burger King, Starbucks, MOD Pizza, Chick-fil-A, Subway, Spec's Wines, Spirits & Finer Foods, and more. Montgomery County has been ranked in the US top 10 for housing starts and population growth since 2016. The county includes The Woodlands, Conroe, Montgomery, Porter, New Caney, and Magnolia. Montgomery County’s population grew 323 percent from 127,000 in 2006 to 538,000 residents in 2015. Population is expected to more than double, to 1,183,000 by 2040. The county seat, Conroe, was the United States’ fastest-growing city in 2016 with a population of 82,286 and a 7.8 percent annual population increase.

FOR SALE DETAILS

PRICE

$4,856,700 USD

PRICE/SF

$573 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at Walden

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

-

APN/PARCEL ID

0008-00-00600

ASK ABOUT THIS PROPERTY

Philip LevyMarcus & MillichapMore Info
972-755-5225

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Philip LevyMarcus & MillichapMore Info
972-755-5225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.