- For Sale $12,500,000
- Property Type Other
- Lot Size 20.18 Acre
- Date Updated Jun 22, 2026
Description
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 now $920,772 per year with annual CPI-U increases which began 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
• $920,772 per year NNN
• Term thru 12-31-2027
• CPI-U rent increases began 1-1-2025
• 15-month notice required to trigger early termination
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