9533 Fm 1488 RdMagnolia, TX 77354
High-Yield Retail Center in Growing Texas Market
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- 14,907-square-foot multi-tenant retail center in Magnolia, TX.
- New 2023 Class A construction on a 1.56-acre lot with concrete parking.
- 100% occupied with triple-net (NNN) leases, all including personal guarantees.
- Current average rents are below market, offering upside potential.
- 60% of gross leasable area (GLA) has leases with annual rent increases.
- Tenants are a mix of national, regional, and local, largely internet-resistant retailers.
Property Details for 9533 Fm 1488 Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 14,907 SF
- Year Built
- 2023
- Buildings
- 1
- Lot Size (sq. ft)
- 67,954 SF
- Units
- 5
Location Insight
- City
- Magnolia
- County
- Montgomery
- State
- Texas
- Latitude
- 30.221536785943
- Longitude
- -95.609661314585
Nearby Similar for Sale
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