Conroe, TX - Total Point ER

Description:

• The tenant, Total Point ER, recently signed a 20-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 2% annual increases throughout the initial term and option periods, growing NOI and hedging against inflation

• The Total Point ER is located in a dense retail corridor with nearby national/credit tenants including Walmart Supercenter, Kroger, Sam’s Club, and Lowe’s
• The subject property is located directly across from a H-E-B anchored center that serves over 1.2M visitors per year (per Placer.ai)
• The investment is adjacent to The Fountains of Conroe, a 270-unit apartment complex, providing a direct residential base