38839 Spur 149 Rd Magnolia, TX 77354

This exceptional ±20.18-acre commercial land parcel presents a unique investment opportunity in Magnolia, Texas. Strategically located between The Woodlands and Magnolia, this property boasts ±11,020 feet of frontage on Spur 149 and ±925 feet of frontage on Red Creek Circle. Currently leased until December 31, 2027, on a triple-net (NNN) basis, the property generates a substantial annual base rent of $870,000, with Consumer Price Index (CPI-U) increases commencing January 1, 2025. The lease includes a provision for early termination with a 15-month notice. The property is situated in the Magnolia Independent School District and offers potential access to public utilities upon annexation. This unrestricted land, shadow-anchored by a new H-E-B grocery store, is surrounded by significant ongoing construction, indicating a high-growth area. The asking price is $12,500,000, translating to approximately $14.25 per square foot. A survey is available. This is an exceptional opportunity to acquire a high-yield investment property in a rapidly developing market.