38839 Spur 149 Rd, Magnolia, TX 77354
20.18 Acres of Commercial Land Offered at $12,500,000 USD in Magnolia, TX 77354
For Sale
Active
Asking Price $12,500,000
- Property Type
-
Land
- Square Feet
- 879,041 SF
Listing Contacts
Tom Condon
Michelle Soderberg
Property Overview
Colliers is pleased to exclusively offer an excellent opportunity to acquire a unique development site in the Path of Growth surrounded by
substantial construction. The Property consists of ±20.18 acres and represents a covered-land opportunity with income from a long-time
tenant and is shadow anchored by a new H-E-B grocery store.
The Property is leased until 12-31-2027 on a NNN basis. Base Rent is $870,000 per year with CPI-U increases beginning 01-01-2025. Tenant
has Right to Early Terminate with a 15-month Termination Notice (& other provisions).
• Size: ±20.18 Acres; See Survey Link above
• Located between The Woodlands and Magnolia
• ±1,020’ of frontage on Spur 149
• ±925’ of frontage on Red Creek Circle
• Magnolia ISD
• Possible public utilities with annexation
• Unrestricted
substantial construction. The Property consists of ±20.18 acres and represents a covered-land opportunity with income from a long-time
tenant and is shadow anchored by a new H-E-B grocery store.
The Property is leased until 12-31-2027 on a NNN basis. Base Rent is $870,000 per year with CPI-U increases beginning 01-01-2025. Tenant
has Right to Early Terminate with a 15-month Termination Notice (& other provisions).
• Size: ±20.18 Acres; See Survey Link above
• Located between The Woodlands and Magnolia
• ±1,020’ of frontage on Spur 149
• ±925’ of frontage on Red Creek Circle
• Magnolia ISD
• Possible public utilities with annexation
• Unrestricted
Property Details
- Property Subtype
- Commercial
Highlights
- Size: ±20.18 Acres; See Survey Link above
- Located between The Woodlands and Magnolia
- ±1,020’ of frontage on Spur 149
- ±925’ of frontage on Red Creek Circle
- Possible public utilities with annexation
- Unrestricted
All available spaces
- Space
- Lot 1
- Size
- 879,041 SF
- Price
- $12,500,000
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