6730 Farm to Market Road 1488
Magnolia, TX
Price:
$3778000
Cap Rate:
4.50%
NOI:
$170,000
Building Size:
Approx. 2796 Sq. Ft.
Lot Size:
Approx. 0.78 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2018
Investment Overview
- 2018 Construction. 2,796+/- SF Building on .78+/- Acre Site
- Located along FM 1488 (39K VPD) and Honea Egypt Road (17K VPD)
- Near Kroger, Target, Starbucks, Whataburger, Chick-fil-A, AutoZone, H-E-B
- Across Westwood Village (187K S.F) | Near The Woodlands Mall (1.3M S.F)
- Magnolia is a growing suburb of Houston w/ 14.2% Pop Increase (2000-2018)
- #7 in growth among the U.S w/ Focused on Economic growth & Development
- Poised for expansion with the arrival of the SH 249 Toll Way & ExxonMobil HQ
- 6.5-Miles W of I-45 (180K VDP) | Approx 47-Miles NW of Downtown Houston
- Major Employers HQ: BP America | Astra Holdings USA| Exxon Mobil Campus
- 5-Mile Radius: 2018 Pop: 107,312 | 3-Miles: Average HH Income: $169,022
- Greater Houston ( MSA) | Sixth Largest MSA in the U.S | Pop: 5,946,800