Property Details for 9533 Fm 1488 Rd

Year built

2023

Lot size

1.56 lot acres

Property size

14,907 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 14,907-square-foot shopping center in Magnolia, Texas, presents a compelling investment opportunity. Built in 2023, this Class A property boasts 100% occupancy with five tenants under triple-net leases, all including personal guarantees. The center benefits from below-market rents and 60% of the gross leasable area has leases with annual rent increases, ensuring consistent income growth. Situated on a 1.56-acre lot with ample concrete parking, the property enjoys high visibility on FM 1488, with daily traffic exceeding 27,340 vehicles. The tenant mix includes a diverse range of national, regional, and local retailers, many of which are internet-resistant. Key amenities include a drive-through window and outdoor patio dining options. The property's location within Montgomery County, one of the nation's fastest-growing areas, and its proximity to major retailers and affluent residential communities, makes this a truly exceptional investment. The strong NOI of $393,810 and a 7.00% cap rate further solidify its attractiveness. The area's average household income within a five-mile radius exceeds $132,407, indicating a robust consumer base. Future infrastructure improvements, such as the SH 249 Toll Way extension, promise further growth and accessibility. This is a rare opportunity to acquire a stabilized, high-performing retail asset in a prime location with significant upside potential. The asking price is $5,626,000.

Location Insight

City

Magnolia

County

Montgomery

State

Texas

Longitude

-95.6097

Latitude

30.2215