9511 FM 1488 Rd — Sale in Magnolia, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Magnolia, TX 77354
  • Size: 20,026 SF
  • Year built: 2019

Photos

9511 FM 1488 Rd — Sale in Magnolia, TX, photo 1 of 3
9511 FM 1488 Rd — Sale in Magnolia, TX, photo 2 of 3
9511 FM 1488 Rd — Sale in Magnolia, TX, photo 3 of 3

Investment Figures

Cap rate
6.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Windcrest Village Square Phase I is a 100% occupied, 20,255 SF multi-tenant retail shopping center located on FM 1488 in Magnolia, Texas, one of the fastest-growing corridors north of Houston, approximately 15 minutes from The Woodlands. Built in 2019, the property features five NNN tenants with a diverse mix of medical, dental, food, and service retail with staggered lease expirations through 2036. Positioned in one of the most affluent suburban trade areas in the greater Houston MSA, the center serves a rapidly expanding community with an average household income exceeding $150,000 within a 3-mile radius and a median family household income of $104,028 driven by master-planned community development and proximity to The Woodlands employment base. Windcrest Village Square Phase I offers investors a 2019-built, 100% occupied NNN retail center in Magnolia, Texas — a submarket that experienced 147% population growth from 2020 to 2024. The property sits on FM 1488 with 27,811 VPD and benefits from proximity to a dense, high-income trade area anchored by The Woodlands employment base. All five tenants operate on NNN leases with staggered expirations through 2036, providing long-term income stability and minimal rollover risk. The center features a recession-resistant tenant mix spanning medical, dental, food, and service retail, including Dollar Tree, Next Level Urgent Care, RA Oracare Dentist, Sweetwaters Coffee & Tea, and Galindo Barbershop. Building SF: 20026 | Land Size: 2.5 Ac | Year Built: 2019 | Listing Type: FOR SALE

Market Context

This commercial property in Magnolia, TX is listed for sale across 20,026 SF. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 2019. Compare it against other commercial property listings for sale in Magnolia, TX — view the full market.

First seen on CREHunt: Sep 23, 2026

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