Chiba Hot Pot - Conroe, TX

SHOP Companies is pleased to present the opportunity for qualified investors to acquire a newly renovated (2025) Absolute NNN Ground Lease asset located in Conroe, Texas. The property is 100% leased to Chiba Hot Pot, a popular and growing regional dining concept offering an interactive hot pot experience. The tenant recently signed a 10-year absolute NNN ground lease with over 9 years remaining, and the lease includes 10% rental increases every five years, including in each of the two (2), 5-year option periods. This structure provides investors with long-term, passive income and built-in rent growth, all with zero landlord responsibilities.

Strategically positioned at the southeast corner of Interstate 45 and Loop 336, the property benefits from exceptional visibility and access, with exposure to over 138,000 vehicles per day. It is ideally situated at the exit ramp from I-45 and adjacent to the on-ramp for Loop 336. Ample on-site and nearby shared parking, enhanced by a perpetual parking agreement with the adjacent shopping center, ensures excellent customer accessibility. The immediate area is densely populated with over 92,500 residents within a 5-mile radius and boasts an average household income exceeding $107,200, supporting robust local spending power. Located just 5 miles from Lake Conroe and surrounded by national and regional retailers, hotels, and residential developments, this property is ideally positioned in a high-growth trade area.