Bank Ground Lease with
For Sale
Contact for pricing
13357 FM 1488, Magnolia, TX 77354
New bank construction offers dual drive-thru ATM lanes and an absolute NNN lease structure.
Property Size2,781 SF
Price / SF$1,078
Days on Market14
Property Features for 13357 FM 1488
General Information
Standard status
Active
Size
2,781 SF
Total Parking Spaces
28
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$135,000
Site & Location
Drive-Thru
Yes
Anchor Co-Tenants
Lowe's Home Improvement, Academy Sports + Outdoors
Traffic Count
30,671 vehicles/day
Highway Access
Yes
Building Details
Year Built
2026
Tenancy
Single
Construction
brick
Listing Agency:
Cushman & Wakefield - Sacramento, California
Listed By:
Scott Crowle · License #CA 01318288
Source:
Crexi
Added: Jul 28
Changed: Aug 9
Last Checked: Aug 10 at 8:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Sacramento, California
Investment Insights
Based on property information with market context.
This bank property is subject to a new 20-year corporate absolute NNN ground lease with PNC Bank. Completed as 2026 construction, the building follows the tenant’s current prototype and includes a brick facade with dual drive-thru ATM lanes. The lease provides 10% rental increases every five (5) years during the initial term and option periods.
The site is positioned within Magnolia Village, a 60-acre mixed-use development along FM 1488. The development includes Lowe's Home Improvement, Academy Sports + Outdoors, multi-tenant retail strips, restaurants, service businesses, financial institutions, and a 324-unit multifamily community. Magnolia Place is directly across the street and includes H-E-B and a future Home Depot. FM 1488 records 30,671 AADT and connects directly to Interstate 45, which records more than 205,000 AADT and leads toward Downtown Houston.
Under the lease, the tenant is responsible for taxes, insurance, and maintenance, including the roof, structure, and parking lot.
The site is positioned within Magnolia Village, a 60-acre mixed-use development along FM 1488. The development includes Lowe's Home Improvement, Academy Sports + Outdoors, multi-tenant retail strips, restaurants, service businesses, financial institutions, and a 324-unit multifamily community. Magnolia Place is directly across the street and includes H-E-B and a future Home Depot. FM 1488 records 30,671 AADT and connects directly to Interstate 45, which records more than 205,000 AADT and leads toward Downtown Houston.
Under the lease, the tenant is responsible for taxes, insurance, and maintenance, including the roof, structure, and parking lot.
Key Highlights
- New 20‑year corporate absolute NNN ground lease with PNC Bank
- 2026 construction with brick facade and dual drive‑thru ATM lanes
- 10% rental increases every five (5) years during initial and option periods
Property Analytics
Current Use
Lease Details
30,671 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
Dollar Tree
Shops & Services
9,043 visits/mo
0.1 miles
Jack in the Box
Dining
8,964 visits/mo
0.1 miles
Las Fuentes
Dining
7,057 visits/mo
0.5 miles
Valero Energy
Shops & Services
6,280 visits/mo
0.3 miles
AutoZone
Shops & Services
3,138 visits/mo
0.1 miles
Demographics for 77354, TX
40,625
Population
15,747
Households
2.6
Avg Household Size
38
Median Age
42%
College-Educated
93%
High-School Grad
74.2 sq mi
ZIP Area
548
Density / Sq Mi
$112,093
Median Household Income
$58,832
Median Earnings
$1,850
Median Rent
$379,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Bank - New bank construction offers dual drive-thru ATM lanes and an absolute NNN lease structure.
Where is this bank located?
The property is located at 13357 FM 1488 Magnolia, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: New 20‑year corporate absolute NNN ground lease with PNC Bank; 2026 construction with brick facade and dual drive‑thru ATM lanes; 10% rental increases every five (5) years during initial and option periods
