North Loop 336 West 1400, Conroe, TX, 77304, US

Montgomery Plaza

Asset Description

Jones Lang LaSalle, L.P. ("JLL") has been exclusively retained to arrange the sale of Montgomery Plaza ("the Property" or the "Offering"), a 315,708 SF power center located in Conroe, Texas. The Property features a mixed tenant lineup including Academy, Conn's, and Big Lots, with the ability to spin off 5 multi and single tenant pads. In addition to Montgomery Plaza's historically proven stable cash flow, upside opportunities include lease up, sizable trade-out rents, and favorable contractual bumps.

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Attributes

Building area net

29,330 m²

Occupancy

95%

Year built

1981

Parking spaces

1,400

Media

Investment Highlights

Premier lineup of essential and e-commerce resistant tenants
Proven stable cash flow
Upside opportunities include lease up, sizable trade-out rents, and favorable contractual bumps
Located in the fastest growing city in the United States
Trade Area Spacing: Only one of the top 10 largest tenants at Montgomery Plaza are located within 10 miles of the property