The Colonnade on Lake Conroe
Houston MSA | Shopping Centers for Sale - Lake Conroe Area
Marketing description
Partners is pleased to exclusively present for sale The Colonnade on Lake Conroe ("Property"), a multitenant retail shopping center encompassing 27,075 square feet on a large 2.25-acre parcel in Montgomery, Texas, part of the Houston
Metropolitan Statistical Area (MSA). The Property is strategically located along State Highway 105, the primary east-west
thoroughfare connecting residents and commuters to Interstate 45.
The Colonnade on Lake Conroe boasts a 100% occupancy. Its Amazon-resistant tenant mix includes two restaurants, a retail resale shop and religious center. With approximately 388 feet of frontage on State Highway 105, The Colonnade on Lake Conroe offers excellent visibility and accessibility to the 25,600 vehicles passing by on a daily basis.
This investment opportunity allows investors to capitalize on the property's prime location, robust demographics, and
diverse tenant base in a thriving retail market.
Investment highlights
Over 300,000 Square Feet of retail developed on Hwy 105 in the cities of Conroe & Montgomery, Texas over the past 4 years
3.9% Rent growth over the past 12 months in the County of Montgomery, Texas
$160,473 Average HH Income within 1-Mile of The Colonnade on Lake Conroe
Priced at $177/SF, well below replacement cost
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