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30086530
30086531

1613 N Loop 336 E, Conroe, TX 77301

NN
TX 587273
Newman Kelly Real Estate Investment Services
Listed by Newman Kelly Real Estate Investment Services
$2,130,000
92 days on market
Updated 78 days ago

Optimist, LLC. | Single-Tenant NNN Investment

Details
Property Type Industrial, Mixed Use
Sub Type Flex, Warehouse
Square Footage 9,940
Net Rentable (SqFt) 9,940
Units 1
Cap Rate 7%
NOI $149,100
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5.5
Lease Expiration 11/30/2030
Remaining Term 4.5
Rent Bumps Yes
Price per SqFt $214
Class A
Year Built 2025
Buildings 1
Stories 1
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 06/01/2025
Occupancy Date 06/01/2025
Ground Lease No
Ownership Fee Simple

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

Listing Contacts

NN
TX 587273
Newman Kelly Real Estate Investment Services
Listed by Newman Kelly Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$149,100.00
$12,425.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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