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Smalls Sliders 2116 W Davis St 931 SF Office Building Conroe, TX 77304 $2,721,927 CAD ($2,923.66 CAD/SF) 5.85% Cap Rate



INVESTMENT HIGHLIGHTS
- A 15-year absolute net ground lease Smalls Sliders in the Houston MSA
- Tenant spending over $2M on building demonstrating long-term commitment/financial strength
- Rapidly expanding franchisee with extensive growth plan in Houston and Austin
- Brand-new 2025 build-to-suit construction with drive-thru
- 10% rental increases every 5 years during the primary term and option periods
- Exposed to 38,000+ VPD along W Davis Street with direct ingress/egress
EXECUTIVE SUMMARY
A 15-year absolute net ground lease Smalls Sliders featuring 10% rental increases every 5 years and 5, 5-year options to extend the lease. Tenant is a rapidly expanding Smalls franchisee with an extensive growth plan in Houston and Austin.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Building Size
931 SF
Building Class
C
Year Built
2025
Price
$2,721,927 CAD
Price Per SF
$2,923.66 CAD
Cap Rate
5.85%
NOI
$159,218 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
931 SF
Building FAR
0.02
Lot Size
0.95 AC
Zoning
1
PROPERTY TAXES
| Parcel Number | 0212-01-01400 | Improvements Assessment | $87,000 CAD |
| Land Assessment | $474,560 CAD | Total Assessment | $561,560 CAD |
PROPERTY TAXES
Parcel Number
0212-01-01400
Land Assessment
$474,560 CAD
Improvements Assessment
$87,000 CAD
Total Assessment
$561,560 CAD
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Smalls Sliders | 2116 W Davis St
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