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