Retail

Magnolia Health and Wellness Center

Magnolia, Texas

Asking Price

$3,959,000

Cap Rate

7.25%

Years Built

1983, 2013

Total Acres

7.66

Square Feet

16,700 SF

Avg HHI

$124K (1-Mile)

Strong Demos

10% Pop. Growth (1-Mile)

INVESTMENT HIGHLIGHTS

High-Quality Retail / Medical Strip Center
Excellent Visibility and Multiple Access Points
Strong Demographics
Over 10% Population Growth in a One-Mile Radius
Stable Tenancy With Zero Vacancy
Weighted Average Lease Term of Over 3.7 Years
Stable Income Stream
All Leases Feature Attractive Increases Through Both the Primary Term and Options
Attractive 7% Cash-on-Cash Return in Year 1

Low Management Intensity
Favorable Medical/Service Tenants with Passive NNN Leases
Excellent Visibility to over 14,000 cars per day
New Proposed Magnolia Ridge Development to Bring 200+ Homes Across the Street from
Subject Property

Exclusively Listed By

Riley Sharman

Vice President
rsharman@northmarq.com 832.497.2558
TX Lic. #781579

Chris Howard

Lead Investment Analyst
choward@northmarq.com

In Association With
Jim Gibson

TX Lic. #392926

Northmarq

800 Gessner Road, Suite 950
Houston, TX 77024

northmarq.com