Circle K - Conroe, Texas

Marcus & Millichap is pleased to exclusively offer this well-positioned Circle K/Valero fuel and convenience store, located at the signalized, hard-corner intersection of FM 1488 Road and Kuykendahl Road in Conroe, Texas — one of the fastest growing submarkets in the greater Houston MSA. The site benefits from outstanding traffic exposure, with combined counts exceeding 60,000 vehicles per day across the two intersecting thoroughfares (49,070 VPD on FM 1488 alone), ensuring consistent visibility and drive-time capture for both local commuters and regional traffic.

Built in 2011 and renovated in 2024, the 5,600-square-foot building sits on a generous 1.50 acre parcel and is offered at $2,443,000, reflecting a 5.20 percent cap rate on in-place NOI of $127,050. Circle K recently extended for five years under a true triple-net lease structure, with the tenant reimbursing all operating expenses — delivering a low-management, passive income stream ideal for 1031 exchange buyers or investors seeking durable, inflation-resistant cash flow. Tenant has five, five-year renewal options with 10 percent rent increases for each option which will improve the return overtime.

The trade area supports strong long-term demand fundamentals: the 5-mile population of approximately 147,721 is projected to grow 8.72 percent by 2030, with an average household income of $174,482 and a median household income exceeding $150,000 — well above regional and national averages. The immediate surroundings feature strong national co-tenancy and traffic generators, including H-E-B, CVS Pharmacy, Tesla, Quick Quack Car Wash, Burger King, and SmartStop Self Storage, reinforcing the corridor’s position as a dominant retail node in the Conroe/Woodlands growth corridor.