Teas Ridge Retail Center II

Asset type: Strip Center, Retail Park, Shopping Park, Neighborhood Center · Location: Conroe, Texas

Located on FM 3083 in Conroe, Texas, just east of I-45, Teas Ridge Retail Center II offers exceptional retail space in a rapidly growing area. This prime location provides easy access to Conroe Industrial Park North, Lone Star College, the Convention Center, Conroe/North Houston International Airport, and several regional power centers. The area has seen significant growth, with over 1,000,000 square feet of new luxury apartments opening within a mile in the past year. Current tenants of Teas Ridge Retail Center II include 1) Tint World, an automotive shop specializing in window tinting and aftermarket audio; 2) Rave Financial, a regional credit union; and 3) PostNet, a national print and shipping chain. With these tenants, the center is 80% occupied, leaving just one 1,900 square foot space available. Positioned at the busy intersection of North Frazier and FM 3083, the center sees 40,000 cars passing daily. Conroe, Texas, is one of the fastest-growing cities in the U.S., with an estimated population of 113,000 by 2024 and an average household income approaching $100,000. Besides being located at a prime crossroads in a growing city, the build quality of the retail center is exceptional. All downspouts are tied to underground storm infrastructure, all the air conditioning units are on the roof, and the architectural details and color schemes harmonize the ten buildings, making Teas Ridge Retail Center II an ideal listing. We are currently seeking investment partners, so give us a call or send us an email if you would like to tour the property or see the financials.