20.18 Acres Development
38839 Spur 149 Rd Magnolia, TX 77354
38839 Spur 149 Rd, Magnolia, TX, 77354
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For Sale
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Development site with income from long-time tenant until 2027.
Lot Size20.18 Acres
Days on Market695
Property Features for 38839 Spur 149 Rd
General Information
- Standard status
- Active
- Lot size
- 20.18 Acres
- Property subtype
- Land
Listing agency
Colliers - Houston, Texas
(713) 830-4005
Listed by
Tom Condon Jr. · License #TX 419324
Source
Crexi
Added: Aug 26, 2024 Updated: Jul 6 at 7:50AM Checked: Jul 21 at 1:23PM
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 Colliers - Houston, Texas
Investment Insights
Based on property information with market context.
This commercial real estate offering presents an opportunity to acquire a development site consisting of approximately 20.18 acres. The property is located between The Woodlands and Magnolia, offering frontage of approximately 1,020 feet on Spur 149 and approximately 925 feet on Red Creek Circle. The site is currently leased on a NNN basis through December 31, 2027, providing a covered-land opportunity with income from a long-time tenant. The base rent is $897,840 per year, with CPI-U increases beginning January 1, 2025. The tenant has a right to early termination with a 15-month termination notice and other provisions. The property is shadow anchored by a new Lowe’s and H-E-B grocery store. The property is located within the Magnolia ISD. Possible public utilities may be available with annexation into the City of Magnolia and/or either adjacent MUD. The property is unrestricted until city annexation is in place.
Key Highlights
- Income‑producing property generating $897,840 per year with NNN lease until 12‑31‑2027.
- Located in a high‑growth area, shadow‑anchored by Lowe’s and H‑E‑B.
- Large ±20.18‑acre development site offering substantial construction potential.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Oilfield Steel Supply
Factory
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Development site with income from long-time tenant until 2027.
Where is this commercial 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: Income‑producing property generating $897,840 per year with NNN lease until 12‑31‑2027.; Located in a high‑growth area, shadow‑anchored by Lowe’s and H‑E‑B.; Large ±20.18‑acre development site offering substantial construction potential.
