Windcrest Village Square – Phase II is a 100 percent occupied, 14,907-square-foot, multi-tenant retail center located in Magnolia, Texas. Tenants are a complementary mix of national, regional and local retailers, including The Toasted Yolk, Ally Anne’s Kolache Kitchen, Anytime Fitness, Kitchen & Bath Shop, and Sugar Llamas. All leases are triple-net with options for renewal and contain personal guarantees. Sugar Llamas features a drive-through window, and The Toasted Yolk has an outdoor patio area for outdoor dining. The building is new 2023 Class ‘A’ construction featuring an attractive architectural design, situated on a 1.56-acre lot with concrete parking.
The subject property is located on FM 1488 Road, near the intersection with Windcrest National. The center is easily accessible from multiple ingress and egress points and has traffic counts of 27,340 vehicles per day. Positioned less than two miles from H-E-B, the subject property is in close proximity to many national and regional retailers, including Dollar Tree, Next Level Urgent Care, Sweetwaters Coffee & Tea, McDonald’s, CVS Pharmacy, MOD Pizza, Great Clips, Jersey Mike’s, Verizon, WingStop, and more. Additionally, three miles east of the subject property at the intersection with FM 2978 is a dense retail trade area featuring Target, Petsmart, TJ Maxx, Ross, Office Max, The Home Depot, ALDI, Kroger, Famous Footwear, James Avery, and numerous other retailers.
- 14,907-Square-Foot, Multi-Tenant Retail Center | Well Positioned in One of the Fastest-Growing Counties in the Nation
- New 2023 Class ‘A’ Construction Situated on a 1.56-Acre Parcel with Concrete Parking
- 100% Occupied with Triple-Net Leases | All Leases Include Personal Guarantees
- Current Average Rents are Below Market
- 60% of the Gross Leasable Area has Leases with Annual Rent Increases, Providing Year-Over-Year Income Growth Potential
- Tenants are a Complementary Mix of National, Regional, and Local Retailers that are Largely Internet Resistant
- Sugar Llamas End Cap Suite has a Drive-Through Window, and The Toasted Yolk Features a Patio Area for Outdoor Dining
- Traffic Counts In Front of the Property on FM 1488 Exceed 27,340 Vehicles Per Day
- Near H-E-B Grocery and a Dense Retail Trade Area Located Three Miles East at the Intersection of FM 1488 and FM 2978 Featuring Target, TJ Maxx, Ross, Office Max, Kroger, The Home Depot, ALDI, and Numerous Other National Retailers
- Extremely Affluent Area with an Average Household Income of $183,614 within One Mile; $115,538 within Three Miles; and $132,407 within Five Miles
- Close Proximity to High-End Residential Developments Lake Windcrest and Thousand Oaks (1,550+ Single Family Homes)
- New Mixed-Use Developments Including Heritage Green and Magnolia Village are less than Five Miles West of the Property
- SH 249 Toll Way Extension Project, Designed to Improve Traffic and Connect Growing Areas Outside of Northwest Houston, Will Extend from FM 1774 in Pinehurst to FM 1488 in Magnolia, Continuing from Magnolia to FM 1774 in Plantersville
- Magnolia Lies within the Houston-The Woodlands-Sugar Land Metropolitan Area, Serving Approximately 7.34 Million People
