5677 FM 1488 Rd
Magnolia, TX 77354
Retail Property For Sale

The Egyptian is a 14,593 SF neighborhood retail center located along FM 1488 in Magnolia, Texas, one of the Houston MSA’s fastest-growing and most affluent suburban corridors. Offered at a 6.50% cap rate on $471,376 of in-place NOI, the property features a strong mix of service-oriented tenants including Kolache Factory, Select Physical Therapy, Spa Life, and The Draft, providing durable daily-needs demand. The asset benefits from below-market in-place rents, creating embedded upside, and exceptional visibility on FM 1488 with ±51,000 VPD. Surrounded by significant residential growth, national retail anchors, and approximately $1 billion in planned and ongoing mixed-use development, the property is positioned within a trade area boasting average household incomes exceeding $200,000 within a 3-mile radius, offering investors stable cash flow today with long-term rent growth and appreciation potential.