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5802 FM 1488 4,000 SF 100% Leased Retail Building Magnolia, TX 77354 $1,525,000 ($381.25/SF) 7.87% Cap Rate
Investment Highlights
- The Deck Food Park
- Heavy daytime Traffic.
- Containers are outfitted as kitchens/bar (5) or offices (2).
- Sufficient Parking
- Open eating on deck, common areas.
Executive Summary
The Deck Food Park consists of 0.46 acres of land, with 9 remodeled containers with plenty of parking and yard space in the back. Each container has water and electricity. 4 containers are outfitted as kitchens and currently tenant occupied. 2 containers are designated for restrooms. 1 central container is a Bar. 2 containers on upper level are outfitted as office space. Bar & Office containers are unoccupied. Over 3,500 SF of deck space. Over 1,400 SF of container space with over 4,000 SF of deck/eating space. Contact Listing Broker to discuss owner financing options available. Contact David for more information 713-206-7775.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
C
Year Built
2022
Price
$1,525,000
Price Per SF
$381.25
Cap Rate
7.87%
NOI
$120,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.46 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 9495-03-58001 | Improvements Assessment | $256,701 |
| Land Assessment | $200,380 | Total Assessment | $457,081 |
Property Taxes
Parcel Number
9495-03-58001
Land Assessment
$200,380
Improvements Assessment
$256,701
Total Assessment
$457,081
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5802 FM 1488
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