17703 FM 1488 Road, Magnolia, TX
$1,400,000 · 6.00% CAP · 8 Yr. Lease · Single Tenant Net Lease


17703 FM 1488 Road, Magnolia, TX

Price: $1,400,000
CAP Rate: 6.00%
Net Operating Income: $84,000
Square-Footage: 7,245
Lot Size: 0.91 AC

This offering is 100% leased to AutoZone under a recently extended net lease. The property is located in Magnolia, Texas. The asset is comprised of 7,245 SF on approximately 0.91 acres. The lease calls for minimal landlord obligations and the tenant has four 5 year options to renew. The lease is corporately guaranteed by AutoZone, Inc. The asset is well situated in a major retail corridor.

Magnolia, Texas is located in the Northwest suburban portion of the Houston metropolitan area, approximately sixty miles northwest of Downtown Houston. The AutoZone is located on FM 1488 highway, approximately fifteen miles west of the Woodlands, an upscale master planned community in the North Houston metro area. Numerous employers have located in the Woodlands area, creating job opportunities for folks living in the Magnolia area. Magnolia has a wider trade area, and offers a small town country lifestyle, while still offering daily living and convenience services and neighborhood shopping centers and retail.

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Presented By

Jacob Abusharkh

Managing Principal

BRE# 01385529

Jacob Abusharkh is the Managing Principal and co-founder of The Kase Group (TKG). TKG specializes in the sale of single and multi-tenant net leased retail and industrial assets across the country. Prior to going independent of SVN, TKG was one..

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