

Optimist, LLC. | Single-Tenant NNN Investment
Single-Tenant NNN Flex Investment | 7.0% Cap | 9,940 SF | 2025 Construction
Marketing description
Newman Commercial Real Estate is pleased to present the opportunity to acquire a stabilized single-tenant triple net (NNN) industrial flex investment located within Park 336 Business Park in Conroe, Texas.
The property consists of a ±9,940 square foot free-standing Class A industrial flex facility delivered in 2025 and fully leased to Optimist, LLC. The tenant operates a specialty engineering and materials manufacturing business focused on high-performance tungsten carbide and diamond tooling solutions serving energy and industrial applications.
The lease provides contractual rent growth through November 30, 2030, with the tenant responsible for taxes, insurance, CAM, and management fees under a triple net lease structure. The property currently generates approximately $149,100 in annual net operating income, providing investors with stable in-place income and limited landlord responsibilities.
Strategically positioned along N Loop 336 East, the property benefits from strong visibility and access within one of Conroe’s primary commercial growth corridors. The location provides convenient connectivity to Interstate 45 and the broader North Houston industrial market.
The building features a clear-span industrial configuration designed to support light manufacturing and engineered materials operations. The site also includes a secured outdoor yard area and efficient circulation supporting operational flexibility for industrial users.
Park 336 is a master-planned Class A flex development designed to deliver approximately 182,000 square feet at full buildout across multiple phases. Phase I, which includes the subject property, was completed in 2025 with future phases planned to expand the development’s scale and tenant mix.
Investment highlights
Stabilized single-tenant NNN investment leased to Optimist, LLC
7.0% cap rate with in-place NOI of $149,100
Newly constructed ±9,940 SF Class A industrial flex building (2025 delivery)
Lease term through November 30, 2030
Annual contractual rent increases built into lease structure
Tenant responsible for taxes, insurance, CAM, and management fee
Clear-span industrial configuration supporting manufacturing operations
Secured outdoor yard supporting operational flexibility
Located within Park 336 master-planned business park
Prominent frontage along N Loop 336 E growth corridor
Approximately 4 miles to Interstate 45
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