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Shopping Strip

Starbucks w/ Dr-Thru & AT&T Strip Center | Houston MSA | NNN Leases | Across from future H-E-B

9375 FM 1097, Willis (Houston MSA), TX 77318

Listing Price: $5,500,440

Cap Rate
5.00%
Gross SF
6,624
Rentable SF
6,624
Price/Gross SF
$830.38
Lot Size
0.69 acres
Year Built
2019

Investment Overview

Willis is a city in Montgomery County, Texas, located eight miles north of Conroe in north central Montgomery County. Montgomery County has a population of 620,443. Between 2000 and 2010, its population grew by 55%, the 24th-fastest rate of growth of any county in the United States. Between 2010 and 2020, its population grew by 36%. Montgomery County is part of the Houston-The Woodlands-Sugar Land, TX Metropolitan Statistical Area. Greater Houston has historically been among the fastest-growing metropolitan areas in the United States; it was the fastest-growing in absolute terms during the 2013–2014 census year, adding 156,371 people. The area grew 25.2% between 1990 and 2000—adding more than 950,000 people—while the country's population increased only 13.2% over the same period, and from 2000 to 2007 alone, the area added over 910,000 people. The Greater Houston Partnership projected the metropolitan area would add between 4.1 and 8.3 million new residents between 2010 and 2050.

Investment Highlights

  • Starbucks w/ Drive Thru and AT&T anchored Strip. 100% Occupied Synergistic Mix of National and Regional Tenants on NNN Leases w/ 10% Rental Increases Every 5 years.
  • 2019 High Quality Construction w/ Roof Warranty in Place until 2034.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Direct Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 22k Vehicles.
  • Immediate Access to/from Interstate-45 (74k+ VPD) - a Major Interstate Highway, connecting the Cities of Dallas and Houston, continuing southeast from Houston to the Gulf of Mexico.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $29.06 Billion.
  • Between 2000 and 2010, Willis's Population grew by 55%, the 24th-Fastest Rate of Growth of any County in the U.S. Between 2010 and 2020, its Population grew by 36%.
  • The Site is Located Directly Across from Kroger Marketplace (the 2nd Most-Visited Kroger in Texas and top 10% Most-Visited in the Chain | 1.62M+ Annual Visitors according to Placer.AI), McDonald's and Chick-fil-A.In Close Proximity to Numerous New Residential Developments including Moran Ranch (262 Acres & 900+ Lots), The Woodland Hills (2,500 Acres & 4,800 Lots) and Chambers Creek Ranch (1,200 Acres & 3,000 Lots).
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments/Under Construction. Located Across The Market at Willis Shopping Center - a 200k+ SF, 69.7-Acre Mixed Use Development that will be Anchored by the first H-E-B to the City of Willis.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Shopping Strip

Starbucks w/ Dr-Thru & AT&T Strip Center | Houston MSA | NNN Leases | Across from future H-E-B

Listing Price: $5,500,440

Cap Rate
5.00%
Gross SF
6,624
Rentable SF
6,624
Price/Gross SF
$830.38
Lot Size
0.69 acres
Year Built
2019

Investment Highlights

  • Starbucks w/ Drive Thru and AT&T anchored Strip. 100% Occupied Synergistic Mix of National and Regional Tenants on NNN Leases w/ 10% Rental Increases Every 5 years.
  • 2019 High Quality Construction w/ Roof Warranty in Place until 2034.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Direct Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 22k Vehicles.
  • Immediate Access to/from Interstate-45 (74k+ VPD) - a Major Interstate Highway, connecting the Cities of Dallas and Houston, continuing southeast from Houston to the Gulf of Mexico.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $29.06 Billion.
  • Between 2000 and 2010, Willis's Population grew by 55%, the 24th-Fastest Rate of Growth of any County in the U.S. Between 2010 and 2020, its Population grew by 36%.
  • The Site is Located Directly Across from Kroger Marketplace (the 2nd Most-Visited Kroger in Texas and top 10% Most-Visited in the Chain | 1.62M+ Annual Visitors according to Placer.AI), McDonald's and Chick-fil-A.In Close Proximity to Numerous New Residential Developments including Moran Ranch (262 Acres & 900+ Lots), The Woodland Hills (2,500 Acres & 4,800 Lots) and Chambers Creek Ranch (1,200 Acres & 3,000 Lots).
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments/Under Construction. Located Across The Market at Willis Shopping Center - a 200k+ SF, 69.7-Acre Mixed Use Development that will be Anchored by the first H-E-B to the City of Willis.

Investment Overview

Willis is a city in Montgomery County, Texas, located eight miles north of Conroe in north central Montgomery County. Montgomery County has a population of 620,443. Between 2000 and 2010, its population grew by 55%, the 24th-fastest rate of growth of any county in the United States. Between 2010 and 2020, its population grew by 36%. Montgomery County is part of the Houston-The Woodlands-Sugar Land, TX Metropolitan Statistical Area. Greater Houston has historically been among the fastest-growing metropolitan areas in the United States; it was the fastest-growing in absolute terms during the 2013–2014 census year, adding 156,371 people. The area grew 25.2% between 1990 and 2000—adding more than 950,000 people—while the country's population increased only 13.2% over the same period, and from 2000 to 2007 alone, the area added over 910,000 people. The Greater Houston Partnership projected the metropolitan area would add between 4.1 and 8.3 million new residents between 2010 and 2050.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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