14546 Red Crk Cir Magnolia, TX 77354
- Retail properties
- 5,373 SF
- 1.18 lot acres
Current Use by Public Records
- Retail properties
Property Details for 14546 Red Crk Cir
- Year built
- 2023
- Lot size
- 1.18 lot acres
- Property size
- 5,373 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 5,373 square foot auto shop in Magnolia, Texas, boasting a 15-year absolute NNN lease with a strong corporate guarantee. Built in 2023, the property sits on a 1.184-acre lot and enjoys 100% occupancy, generating a substantial NOI of $297,000 and a 6.25% cap rate. The asking price is $4,750,000, translating to $884.05 per square foot. The lease includes annual rent escalations starting in year six, mitigating inflation risk. Located at 14546 Red Crk Cir, Magnolia, TX 77354, this property benefits from a prime location surrounded by numerous national retailers, including HEB, CVS, Starbucks, and more. The thriving community boasts a population exceeding 213,000 within a 5-mile radius and an average household income over $141,000—more than double the national average. The tenant, Christian Brothers Automotive, a rapidly expanding national chain with over 275 locations, provides exceptional stability and growth potential. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term value.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Magnolia
- County
- Montgomery
- State
- Texas
- Longitude
- -95.6875
- Latitude
- 30.2233
