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Land For Sale • 20.18 AC
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
| Property Video https://www.youtube.com/watch?v=-rlERFam9es |
| Size: ±20.18 Acres; See Survey Link here https://colliershouston.s3.us-east-2.amazonaws.com/WoodlandsLandAdvisory/38839+Spur+149+Survey.pdf |
| Located between The Woodlands and Magnolia on a hard corner |
| ±1,020’ of frontage on Spur 149 |
| ±925’ of frontage on Red Creek Circle |
| Possible public utilities with annexation |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| George Bush Intcntl/Houston | 47 min | - | 36.9 mi |
Tom Condon
Colliers
Tom Condon
Colliers
