For Sale
$4,750,000

14546 Red Crk CirMagnolia, TX 77354

High-Yield NNN Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 5,373 square foot auto shop in Magnolia, Texas, boasting a 15-year absolute NNN lease with a strong corporate guarantee. Built in 2023, the property sits on a 1.184-acre lot and enjoys 100% occupancy, generating a substantial NOI of $297,000 and a 6.25% cap rate. The asking price is $4,750,000, translating to $884.05 per square foot. The lease includes annual rent escalations starting in year six, mitigating inflation risk. Located at 14546 Red Crk Cir, Magnolia, TX 77354, this property benefits from a prime location surrounded by numerous national retailers, including HEB, CVS, Starbucks, and more. The thriving community boasts a population exceeding 213,000 within a 5-mile radius and an average household income over $141,000—more than double the national average. The tenant, Christian Brothers Automotive, a rapidly expanding national chain with over 275 locations, provides exceptional stability and growth potential. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term value.

Highlights

  • Absolute triple-net lease with zero landlord responsibilities.
  • 1.5% annual rent escalations commencing in year six.
  • Strong corporate guarantee from Christian Brothers, a rapidly expanding company with over 275 locations and a history of consistent growth.
  • Densely populated area with over 213,000 residents within a 5-mile radius.
  • High average household income exceeding $141,000, significantly above the national average.
  • Excellent retail co-tenancy including HEB, CVS, Starbucks, and numerous national quick-service restaurants and banks.

Property Details for 14546 Red Crk Cir

Property type
Retail properties, Auto shops
Square Feet
5,373 SF
Year Built
2023
Lot Size (sq. ft)
51,575 SF

Location Insight

City
Magnolia
County
Montgomery
State
Texas
Latitude
30.223332
Longitude
-95.68754
14546 Red Crk Cir, Magnolia, Texas

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14546 Red Crk Cir
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