— Paramount Specialty Finance

FORMER RESTAURANT REDEVELOPMENT OPPORTUNITY IN CONROE, TEXAS

In June, PSF acquired a Walmart-anchored pad site in Conroe, Texas. Formerly occupied by a Ryan’s Family Steakhouse, this property sits on the Southwest Corner of I-45 & N. Loop 336 West.

Learn more about this location available for ground lease below.

PROPERTY DETAILS

Available rate: $28 PSF NNN
Size: 2.18-acre pad with 10,100 SF freestanding building currently on site

PROPERTY HIGHLIGHTS

Access: Hard corner at a lighted intersection with 400+ feet of frontage on Loop 336.
Parking: 176 parking spots available
Visibility: 30-foot pylon sign visible from I-45
Adjacent tenant: Anchored by Walmart Supercenter with ±1.88 million annual visitors and an estimated $62.4 million in sales in 2020
Redevelopment: The existing structure allows for immediate utilization or redevelopment with pad sites or a 12,500 SF retail center

DEMOGRAPHICS BY PROXIMITY