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 $897,840 per year with CPI-U increases beginning 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

• $897,840 per year NNN
• Term thru 12-31-2027
• CPI-U rent increases began 1-1-2025
• 15-month notice required to trigger early termination