- For Sale $7,240,000
- Property Type Office
- Date Updated May 15, 2026
Description
OLDHAM GOODWIN is pleased to present Conroe Medical Plaza, a Class A medical office building built in 2022, for sale in Conroe, Texas. Located in the Houston MSA adjacent to the Conroe Regional Medical Center, Conroe Medical Plaza is 89% occupied with strong medical tenants under NNN leases with annual rent increases. The property offers consistent cash flow, long-term leases, and opportunities to increase NOI in a high-growth healthcare market.
Highlights
- 11% vacancy allows value add opportunity along with day 1 cash flow with an attractive in-place cap rate
- Across Loop 336 from the 2,000-acre Grand Central Park master-planned development, featuring planned residential, retail, and commercial amenities
- Adjacent to Conroe Regional Medical Center anchored by HCA Houston Healthcare Conroe Hospital with 1,200 employees, 500 of which are physicians. Its 332-beds handles advanced care including a Level II Trauma Center, Comprehensive Stroke Center, Level II NICU, and specialized services like heart surgery and orthopedics.
- All tenants are NNN
- All tenants have sizable annual rent increases
- Attractive demographics and payor mix
- Conroe Regional Medical Center is one of the most important healthcare nodes in the Houston area with more than 1,500,000 square feet of healthcare-based space in the area.
- Convenient access to Interstate 45 via South Loop 336
- More the 7-year weighted average lease term
- Stickier uses including oncology & cardiology with various procedures and multiple providers
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Contacts
Aaron Morris
Oldham Goodwin Group
Location
Located at 603 S Conroe Medical Dr., Conroe, TX 77304, this property is part of the Rivershire neighborhood and Houston market.
Contact Listing Broker
Aaron Morris
Oldham Goodwin Group
