Spartan Storage is well positioned in the booming market of the Woodlands/Magnolia area. With explosive population growth all around and unbeatable visibility the property poses a great opportunity for an investor to own popular asset in a growing area.
Spartan Storage sits on FM 1488 which is a major thoroughfare cutting through the Woodlands area all the way to Magnolia and beyond. It provides easy access to the back of The Woodlands or Magnolia for commuters taking I-45 from Houston. FM 1488 also intersects with the newly created Hwy 249 Extension which also runs down to the Houston area. Currently the section of FM 1488 in front of the subject property sees an average of 37,000 +/- vehicles per day.
Current population within a 3-mile radius of the subject property is 43,174 with a projected increase of 6.55% to 46,066 by 2027. Average household income within a 3 mile radius is very attractive at $186,588.