The Woodlands/Magnolia Shopping Center

Sold October 2022

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Price: $6,600,000

Cap Rate: 6.7%

Represented: Buyer

Location: Houston, TX

• Newly Constructed Strip Center With Zero Vacancies
• All Tenants Reimburse Their Pro-Rata Share of Taxes, CAM and Insurance
• The Majority of the Strip Center is Leased For Approximately 10 Years
• Rapidly Growing Area With an Estimated 14% Increase Over the Next 5 Years
• Located Within the Extremely Affluent Magnolia Submarket
• Average Household Income is Over 157,988 Within a 3-Mile Radius
• Located Along the Main Retail Corridor of Magnolia, Texas
• Excellent Visibility on FM 1488 Road With High Traffic Counts of Over 45,700 VPD
• Magnolia School District is One of the Fastest Growing Districts in the State of Texas
• Growing Population With Over 352,200 Residents Within a 10-Mile Radius
• Nearby Tenants Include: Popeye’s, Sonic Drive-In, Goodyear, Goodwill, Denny’s, ALDI, Home Depot, Target, PetSmart, Starbucks, Gold’s Gym, Panda Express, Chick-fil-A and More

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