Available For Sale - Land

879,041 SF | Show Pricing $

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LISTED BY

Brenna Leach
Colliers , 713-830-2130
Tom Condon
Colliers International, 323-726-1200
Michelle Soderberg
Colliers International, 713-830-4005

AVAILABILITY DETAILS

Size
879,041 SF
Price/SF
Show Pricing $
Listing ID
SA551797
Notes
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 H-E-B grocery store.





The Property is leased until 12-31-2027 on a NNN basis. Base Rent is $870,000 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; See Survey Link above

• 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

• Unrestricted



Lease Income

• $870,000 per year NNN

• Term thru 12-31-2027

• CPI-U Rent increases beginning 1-1-2025

• 15-month Notice required to trigger Early Termination



Property Video https://www.youtube.com/watch?v=...



Purchase Price

$12,500,000.00 (±$14.25 PSF)
Uses
Land

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Brenna Leach, Colliers