38839 Spur 149 Rd Magnolia, TX 77354

Property Offering Colliers is pleased to exclusively offer an excellent opportunity to acquire a unique development site in the Path of Growth surrounded by substantial construction. The Property consists of ±20.18 acres and represents a covered-land opportunity with income from a long-time tenant and is shadow anchored by a new Lowe’s and H-E-B grocery store. The Property is leased until 12-31-2027 on a NNN basis. Base Rent is now $920,772 per year with annual CPI-U increases which began 01-01-2025. Tenant has Right to Early Terminate with a 15-month Termination Notice (& other provisions). Property Features • Size: ±20.18 Acres • Located between The Woodlands and Magnolia • ±1,020’ of frontage on Spur 149 • ±925’ of frontage on Red Creek Circle • Magnolia ISD • Possible public utilities with annexation into City of Magnolia and/or either adjacent MUD. • Unrestricted (until city annexation in place) Lease Income • $920,772 per year NNN • Term thru 12-31-2027 • CPI-U rent increases began 1-1-2025 • 15-month notice required to trigger early termination