10226 FM 1488 | Magnolia, TX 77354
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10226 FM 1488
Magnolia, TX 77354
Magnolia Shoppes | Ace Hardware Anchored · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Excellent Retail Shopping Center Investment for an Inflationary Economy | Below Market Rent (Averaging $20.14/SF)
- RENT ESCALATIONS IN PRIMARY TERM
- Across from one of the entry points to Lake Windcrest, a single-family, master planned community with over 900 estate lot homes.
- LOW PRICE/SQUARE FOOT for New Construction ($328/SF), Affluent Houston market
- 10-year leases with Ace Hardware, MB2 Dental (Magnolia Family Dental & Orthodontics), and Hotworx (negotiating LOI in remaining space)
- Close proximity to brand new HEB Grocery Anchored shopping center development
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
16,913 SF
Building Class
B
Year Built
2022
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.97 AC
Zoning
2
Parking
77 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
336’ on Farm to Market Road 1488
PROPERTY TAXES
| Parcel Number | 7290-00-01501 | Improvements Assessment | $3,417,844 |
| Land Assessment | $638,608 | Total Assessment | $4,056,452 |
PROPERTY TAXES
Parcel Number
7290-00-01501
Land Assessment
$638,608
Improvements Assessment
$3,417,844
Total Assessment
$4,056,452
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