Shopping Strip
Windcrest Village Square - Phase II
9533 FM 1488, Magnolia, TX 77354
Listing Price: $6,061,000
Investment Overview
Windcrest Village Square - Phase II is a 100 percent occupied, 14,907-square-foot, multi-tenant retail center located in Magnolia, Texas. Tenants are a complementary mix of national, regional and local retailers, including The Toasted Yolk, Ally Anne's Kolache Kitchen, Anytime Fitness, Kitchen & Bath Shop, and Sugar Llamas. All leases are triple-net with options for renewal and contain personal guarantees. Sugar Llamas features a drive-through window, and The Toasted Yolk has an outdoor patio area for outdoor dining. The building is new 2023 Class 'A' construction featuring an attractive architectural design, situated on a 2.50-acre lot with concrete parking.
The subject property is located on FM 1488 Road, near the intersection with Windcrest National. The center is easily accessible from multiple ingress and egress points and has traffic counts of 27,340 vehicles per day. Positioned less than two miles from H-E-B, the subject property is in close proximity to many national and regional retailers, including Dollar Tree, Next Level Urgent Care, Sweetwaters Coffee & Tea, McDonald's, CVS Pharmacy, MOD Pizza, Great Clips, Jersey Mike's, Verizon, WingStop, and more. Additionally, three miles east of the subject property at the intersection with FM 2978 is a dense retail trade area featuring Target, Petsmart, TJ Maxx, Ross, Office Max, The Home Depot, ALDI, Kroger, Famous Footwear, James Avery, and numerous other retailers.
Windcrest Village Square - Phase II
Investment Highlights
- 14,907-Square-Foot, Multi-Tenant Retail Center | Well Positioned in One of the Fastest-Growing Counties in the Nation
- New 2023 Class 'A' Construction Situated on a 2.5-Acre Parcel with Concrete Parking
- 100% Occupied with Triple-Net Leases | All Leases Include Personal Guarantees
- Current Average Rents are Below Market | 60% of the Gross Leasable Area has Leases with Annual Rent Increases, Providing Year-Over-Year Income Growth Potential
- Extremely Affluent Area with an Average Household Income of $183,614 within One Mile; $115,538 within Three Miles; and $132,407 within Five Miles
Exclusively Listed By
Financing By
Listing Price: $6,061,000
Investment Highlights
- 14,907-Square-Foot, Multi-Tenant Retail Center | Well Positioned in One of the Fastest-Growing Counties in the Nation
- New 2023 Class 'A' Construction Situated on a 2.5-Acre Parcel with Concrete Parking
- 100% Occupied with Triple-Net Leases | All Leases Include Personal Guarantees
- Current Average Rents are Below Market | 60% of the Gross Leasable Area has Leases with Annual Rent Increases, Providing Year-Over-Year Income Growth Potential
- Extremely Affluent Area with an Average Household Income of $183,614 within One Mile; $115,538 within Three Miles; and $132,407 within Five Miles
Investment Overview
Windcrest Village Square - Phase II is a 100 percent occupied, 14,907-square-foot, multi-tenant retail center located in Magnolia, Texas. Tenants are a complementary mix of national, regional and local retailers, including The Toasted Yolk, Ally Anne's Kolache Kitchen, Anytime Fitness, Kitchen & Bath Shop, and Sugar Llamas. All leases are triple-net with options for renewal and contain personal guarantees. Sugar Llamas features a drive-through window, and The Toasted Yolk has an outdoor patio area for outdoor dining. The building is new 2023 Class 'A' construction featuring an attractive architectural design, situated on a 2.50-acre lot with concrete parking. The subject property is located on FM 1488 Road, near the intersection with Windcrest National. The center is easily accessible from multiple ingress and egress points and has traffic counts of 27,340 vehicles per day. Positioned less than two miles from H-E-B, the subject property is in close proximity to many national and regional retailers, including Dollar Tree, Next Level Urgent Care, Sweetwaters Coffee & Tea, McDonald's, CVS Pharmacy, MOD Pizza, Great Clips, Jersey Mike's, Verizon, WingStop, and more. Additionally, three miles east of the subject property at the intersection with FM 2978 is a dense retail trade area featuring Target, Petsmart, TJ Maxx, Ross, Office Max, The Home Depot, ALDI, Kroger, Famous Footwear, James Avery, and numerous other retailers.
Exclusively Listed By
Financing By
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