38839 Spur 149 Rd Magnolia, TX 77354
Development site with income from long-time tenant through 2027.
Lot size:
20.18 AcresProperty Features for 38839 Spur 149 Rd
General Information
- Lot size
- 20.18 Acres
Source:
Moodyscre
Listing Agent: Tom Condon, Jr.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
20.18 Acres Development Site
This property offers a development site consisting of approximately 20.18 acres. It is located between The Woodlands and Magnolia, representing a covered-land opportunity with income from a long-time tenant. The site is shadow anchored by a new Lowe’s and H-E-B grocery store. The property is leased on a NNN basis through December 31, 2027. The base rent is $897,840 per year, with CPI-U increases beginning January 1, 2025. The tenant has the right to early termination with a 15-month termination notice. The property has approximately 1,020 feet of frontage on Spur 149 and approximately 925 feet of frontage on Red Creek Circle. It is located within the Magnolia ISD. The property is unrestricted until city annexation is in place. Possible public utilities are available with annexation into the City of Magnolia and/or either adjacent MUD.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Oilfield Steel Supply
Steel Distributor
Location Insight
- Map
- Local Demand
- City
- Magnolia
- County
- Montgomery
- State
- Texas
- Longitude
- -95.68185
- Latitude
- 30.218554
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Development site with income from long-time tenant through 2027.
Where is this land located?
The property is located at 38839 Spur 149 Rd Magnolia, TX.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: - Significant annual income: $897,840 per year NNN lease provides substantial and reliable income.; - Prime development site of ±20.18 acres located in a high-growth area between The Woodlands and Magnolia.; - Strategic location shadow-anchored by a new Lowe’s and H-E-B grocery store.