13313 Fm 1488 Rd Magnolia, TX 77354
- Retail properties
- 4,500 SF
- 0.75 lot acres
Current Use by Public Records
- Retail properties
Property Details for 13313 Fm 1488 Rd
- Year built
- 2024
- Lot size
- 0.75 lot acres
- Property size
- 4,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
Exceptional investment opportunity: a brand-new, 4,500 square foot Sherwin-Williams storefront in Magnolia, Texas. This Class A retail property, situated on a 0.75-acre lot, is a net-lease investment with a 10-year lease term remaining. The tenant, Sherwin-Williams (NYSE: SHW, S&P BBB), provides an investment-grade corporate guarantee, minimizing landlord responsibilities. The property boasts a strong 5.30% cap rate and a substantial net operating income (NOI) of $173,250. Built in 2024, this modern building requires minimal maintenance. The strategic location is an outparcel to a new Lowe's Home Improvement and adjacent to an H-E-B Grocery, surrounded by other national retailers including McDonald's, CVS, and many more. Magnolia is a high-growth market, experiencing an 8.9% annual growth rate and a population doubling in the last decade. The affluent area boasts an average household income of $158,129 within a one-mile radius. The lease includes 10% rent increases every five years, providing an inflation hedge. The property's asking price is $3,270,000, translating to $726 per square foot. Lease options include five, five-year renewals. 100% occupancy begins November 1, 2024.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Magnolia
- County
- Montgomery
- State
- Texas
- Longitude
- -95.6745
- Latitude
- 30.2229
