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

Montgomery Plaza

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. Situated with direct access to I-45 North, the Property offers excellent visibility and accessibility for potential customers. The Property features a premier lineup of essential and e-commerce resistant tenants, including Academy, Spec’s, and Dollar Tree 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 gross

29,330 sm

Occupancy

94.3%

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