9533 Fm 1488 RdMagnolia, TX 77354

For Sale
$5,626,000

High-Yield Retail Center in Growing Texas Market

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 14,907-square-foot shopping center in Magnolia, Texas, presents a compelling investment opportunity. Built in 2023, this Class A property boasts 100% occupancy with five tenants under triple-net leases, all including personal guarantees. The center benefits from below-market rents and 60% of the gross leasable area has leases with annual rent increases, ensuring consistent income growth. Situated on a 1.56-acre lot with ample concrete parking, the property enjoys high visibility on FM 1488, with daily traffic exceeding 27,340 vehicles. The tenant mix includes a diverse range of national, regional, and local retailers, many of which are internet-resistant. Key amenities include a drive-through window and outdoor patio dining options. The property's location within Montgomery County, one of the nation's fastest-growing areas, and its proximity to major retailers and affluent residential communities, makes this a truly exceptional investment. The strong NOI of $393,810 and a 7.00% cap rate further solidify its attractiveness. The area's average household income within a five-mile radius exceeds $132,407, indicating a robust consumer base. Future infrastructure improvements, such as the SH 249 Toll Way extension, promise further growth and accessibility. This is a rare opportunity to acquire a stabilized, high-performing retail asset in a prime location with significant upside potential. The asking price is $5,626,000.

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
9533 Fm 1488 Rd, Magnolia, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
9533 Fm 1488 Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message