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7307 Farm to Market Road 1488
Magnolia, TX 77354
Asking Price
$950K
Asset Type
Mixed-use
Class
Class B
What's Special
±40,000 SF of Land | Magnolia, TX <p>• Located on the south side of FM 1488 east of Tamina Rd at Forest W St in Magnolia, Texas</p><p>• ±160’ of frontage along FM 1488 • Less than 1 mile west of FM 2978</p><p>• National retailers include: H-E-B, Walgreens, O’Reilly Auto Parts, AutoZone, Sherwin Williams, Advance Auto Parts, Raising Canes, Jack in the Box, and McDonalds amongst others</p>
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NOI
$80,000
Cap Rate
8.42%
DSCR
1.42
Strong
Cash-on-Cash
8.28%
Monthly Payment
$4,700.082
Annual Cash Flow
$23,599.02
