Subway Anchored Retail Center

Marcus & Millichap is pleased to exclusively list for sale a Subway anchored retail center with an Exxon branded convenience store located at 14586 FM 1485 Road in Conroe, Texas. This 5,600 square foot retail center is situated on a 0.86-acre tract of land on the signalized, hard corner of FM 1485 Road and Old Houston Road.

The subject property has multiple access points and features approximately 290 feet of frontage on FM 1485 Road, providing excellent visibility. The Subway Anchored Retail Center is offered at a price of $1,400,000. It is 100 percent occupied, accommodating three tenants; all leases are triple net, meaning expenses are 100 percent reimbursable. Additionally, long-term leases provide an investor with stable cash flow. There is also potential upside in utilizing the vacant land adjacent to the building.

The property is well situated about eight miles southeast of Conroe in the rapidly growing Grangerland area. It is in close proximity to the 400-acre, Granger Pines residential neighborhood with approximately 1,200+ single, family homes under construction. Neighboring retailers include a high-volume Dollar General and a highly ranked Pizza Hut.