17665 Farm to Market 1488 rd | Magnolia, TX 77354
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17665 Farm to Market 1488 rd
Magnolia, TX 77354
Magnolia Trace Shopping Center · Retail Property For Sale
Investment Highlights
- Essential Anchor Tenancy: Family Dollar has 20+ Years of Tenancy | Top Small-Format Value and Convenience Retailer in the Market
- Diverse Tenant Lineup: Discount Retail | Fast Food | Healthcare | Fashion | Lifestyle
- High Traffic Counts & Excellent Visibility:Thirteen (13) access points to the property, with eight (8) along FM 1488 at the northern border
- Drive Through Pad Site - Jack in the Box: 18+ Years of Tenancy | Signalized Intersection of FM 1488 & Buddy Riley Blvd | 2,200 + Locations
- 100% Occupied with Low Rents in Place: Opportunity to Collect Stable Income Stream While Pushing Rents
- High Growth Market with High Income Demographics: 27.9% growth from 2010 to 2020 and projected to grow 17.7% from 2022-2027 in a 3-mile range
PROPERTY FACTS
Property Type
Retail
Building Size
21,294 SF
Year Built
2004
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
3.28 AC
Parking
6.57 Spaces per 1,000 SF Leased
PROPERTY TAXES
| Parcel Number | 9315-00-00100 | Improvements Assessment | $343,095 |
| Land Assessment | $1,231,905 | Total Assessment | $1,575,000 |
PROPERTY TAXES
Parcel Number
9315-00-00100
Land Assessment
$1,231,905
Improvements Assessment
$343,095
Total Assessment
$1,575,000
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