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29015 FM 2978 Rd
Magnolia, TX 77354 Ascot Farms

$8,685,000 USD

General Retail For Sale  •  14,708 SF

Property Details

  • Property Type General Retail
  • Total Building Size 14,857 SF
  • Lot Size 1.94 AC
  • Building Class B
  • Year Built 2022
  • Tenancy Single
0 Transit Score
14 Walk Score

Highlights

Absolute NNN lease with 18 years remaining and no rent holiday
10% rent increase every 5 years at the start of each renewal option
S&P rated “BBB” investment grade corporate guaranty
Located at the western entrance of The Woodlands – an extremely affluent and dynamic mixed-use residential and commercial master planned community
Nearby retail tenants include Walmart Supercenter, Starbucks, Subway, Whataburger, Chase Bank, Wells Fargo, among many others
CVS Health Corporation is ranked #5 on the Fortune 500 with $372.8 billion in revenues

Public Transportation

AirportDriveWalkDistance
George Bush Intcntl/Houston 42 min - 31.6 mi
Christopher Sheldon 415-713-8578 Cushman & Wakefield
Christopher Sheldon 415-713-8578 Cushman & Wakefield