Raising Cane’s | GL

Subject Property

6730 Farm to Market Road 1488
Magnolia, TX

Price: $3,778,000
Cap Rate: 4.5%
NOI: $170,000
Building Size: Approx. 2,796 Sq. Ft.
Lot Size: Approx. 0.78 Acres
Status: Available
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2018

Investment Overview

  • 2018 Construction. 2,796+/- SF Building on .78+/- Acre Site
  • New 15 Year Corp NNN Ground Lease beginning September 2018
  • Located along FM 1488 (39K VPD) and Honea Egypt Road (17K VPD)
  • Near Kroger, Target, Starbucks, Whataburger, Chick-fil-A, AutoZone, H-E-B
  • Across Westwood Village (187K S.F) | Near The Woodlands Mall (1.3M S.F)
  • Magnolia is a growing suburb of Houston w/ 14.2% Pop Increase (2000-2018)
  • #7 in growth among the U.S w/ ¬†Focused on Economic growth & Development
  • Poised for expansion with the arrival of the SH 249 Toll Way & ExxonMobil HQ
  • 6.5-Miles W of I-45 (180K VDP) | Approx 47-Miles NW of Downtown Houston
  • Major Employers HQ: BP America | Astra Holdings USA| Exxon Mobil Campus
  • 5-Mile Radius: 2018 Pop: 107,312 | 3-Miles: Average HH Income:¬† $169,022
  • Greater Houston ( MSA) | Sixth Largest MSA in the U.S | Pop: 5,946,800