For Sale I Land I ±20.18 Acres
$12,500,000
38839 Spur 149 Road, Magnolia, TX 77354
For Sale
Land
Commercial
Active
Last Updated: 03/27/2025
20.18 acres
Lot Area
14.25
Price Per Sqft
Details:
Lot Area: 20.18 acres
Price Per Sqft: $14.25
Highlights:
- Size: ±20.18 Acres; See Survey Link in flyer
- 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
- Unrestricted
Description:
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 $870,000 per year with CPI-U increases beginning 01-01-2025. Tenant has Right to Early Terminate with a 15-month Termination Notice (& other provisions).
Documents:
| Title | ||
|---|---|---|
|
Property Brochure
|
||
|
Property Video
|
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
