40727 Fm 149 Rd
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40727 Fm 149 Rd
5,000 SF 80% Leased Retail Building Magnolia, TX 77354 $1,600,000 ($320/SF) 1% Cap Rate
Investment Highlights
- High Traffic on FM 149
- Owner use and/or investment opportunities
- Rapid Growth in Area
Executive Summary
This property offers a prime investment opportunity on a high-traffic road, just minutes from the Aggie Expressway in a rapidly expanding area. The 1+ acre lot is unrestricted, providing flexibility for various uses. The property includes a 5,000 sq ft building, with 4,000 sq ft currently leased. An additional 1,000 sq ft remains in shell condition, allowing for customization to suit a variety of business needs. The owner financing options are available with 20% down and is open to negotiation, so all serious offers are encouraged.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
B
Year Built
2020
Price
$1,600,000
Price Per SF
$320
Cap Rate
1%
NOI
$16,000
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.11 AC
Zoning
None
Parking
26 Spaces (5.2 Spaces per 1,000 SF Leased)
Frontage
212 FT on FM 149
Amenities
- 24 Hour Access
- Monument Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Efficient Barber Studio LLC
- Services
- 1,000 SF
- $18.00
- Triple Net
- Sep 2026
- The Coffee Shop
- Accommodation and Food Services
- 2,000 SF
- $18.00
- TBD
- Nov 2025
- The Tattoo Shop
- Services
- 1,000 SF
- $18.00
- Triple Net
- Sep 2027
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Efficient Barber Studio LLC | Services | 1,000 SF | $18.00 | Triple Net | Sep 2026 | |
| The Coffee Shop | Accommodation and Food Services | 2,000 SF | $18.00 | TBD | Nov 2025 | |
| The Tattoo Shop | Services | 1,000 SF | $18.00 | Triple Net | Sep 2027 |
PROPERTY TAXES
| Parcel Number | 8389-00-02100 | Improvements Assessment | $730,220 |
| Land Assessment | $87,120 | Total Assessment | $817,340 |
PROPERTY TAXES
Parcel Number
8389-00-02100
Land Assessment
$87,120
Improvements Assessment
$730,220
Total Assessment
$817,340
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40727 Fm 149 Rd
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