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9511 FM 1488
Magnolia, TX 77354
Windcrest Village Square - Phase I · Retail Property For Sale
Investment Highlights
- Located on FM 1488 with 27,811 VPD, one of the fastest-growing corridors north of Houston
- Diverse recession-resistant tenant mix; medical, dental, food, and service retail
- Available individually or as part of a six-property Houston MSA retail portfolio
- Anchored by Dollar Tree with staggered lease expirations through 2036
- Magnolia population grew 147% from 2020–2024
Executive Summary
Alison Commercial Group presents Windcrest Village Square Phase I, a fully leased, 20,255 SF multi-tenant retail center positioned on FM 1488 in Magnolia, Texas, one of the fastest-growing corridors north of Houston, approximately 15 minutes from The Woodlands.?
The property is 100% leased to five NNN tenants with staggered lease expirations through 2036, offering investors long-term income stability and minimal rollover risk.? The tenant mix spans medical, dental, food, and service retail anchored by Dollar Tree and complemented by Next Level Urgent Care, RA Oracare Dentist, Sweetwaters Coffee & Tea, and Galindo Barbershop.?
The center serves one of the most affluent suburban trade areas in the greater Houston MSA, with an average household income exceeding $150,000 within a 3-mile radius.? Magnolia's population grew 147% from 2020 to 2024, driven by master-planned community development.?
This property is part of a 6-property Houston MSA retail portfolio. Available for individual purchase or as part of a portfolio/bulk acquisition. Contact listing broker for portfolio pricing and details.
The property is 100% leased to five NNN tenants with staggered lease expirations through 2036, offering investors long-term income stability and minimal rollover risk.? The tenant mix spans medical, dental, food, and service retail anchored by Dollar Tree and complemented by Next Level Urgent Care, RA Oracare Dentist, Sweetwaters Coffee & Tea, and Galindo Barbershop.?
The center serves one of the most affluent suburban trade areas in the greater Houston MSA, with an average household income exceeding $150,000 within a 3-mile radius.? Magnolia's population grew 147% from 2020 to 2024, driven by master-planned community development.?
This property is part of a 6-property Houston MSA retail portfolio. Available for individual purchase or as part of a portfolio/bulk acquisition. Contact listing broker for portfolio pricing and details.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
20,255 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Cap Rate
6.50%
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.50 AC
Zoning
None - Commercial
Parking
140 Spaces (6.91 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 6791-05-37101 | Improvements Assessment | $3,578,027 CAD |
| Land Assessment | $1,220,603 CAD | Total Assessment | $4,798,630 CAD |
Property Taxes
Parcel Number
6791-05-37101
Land Assessment
$1,220,603 CAD
Improvements Assessment
$3,578,027 CAD
Total Assessment
$4,798,630 CAD
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