38839 Spur 149
Magnolia, TX 77354

Colliers is pleased to exclusively offer an excellent opportunity to acquire a unique development site in the Path of Growth surrounded by
substantial construction. The Property consists of ±20.18 acres and represents a covered-land opportunity with income from a long-time
tenant and is shadow anchored by a new H-E-B grocery store.
The Property is leased until 12-31-2027 on a NNN basis. Base Rent is $870,000 per year with CPI-U increases beginning 01-01-2025. Tenant
has Right to Early Terminate with a 15-month Termination Notice (& other provisions).

• Size: ±20.18 Acres; See Survey Link above
• Located between The Woodlands and Magnolia
• ±1,020’ of frontage on Spur 149
• ±925’ of frontage on Red Creek Circle
• Magnolia ISD
• Possible public utilities with annexation
• Unrestricted