Pearland Commons Pearland, TX

3525 S Main St
Pearland, TX

Price: $8,950,000
Cap Rate: 7.20%
NOI: $644,610
Building Size: Approx. 27,460 Sq. Ft.
Lot Size: Approx. 1.18 Acres
Type: Multi-Tenant / Retail
Sub Category: Retailer
Year Built: 2020

Investment Overview

  • 2020 Construction. ±27,460 SF Retail Center Situated on a ±1.18 Acre Site
  • Stabilized Neighborhood Shopping Center Comprised of 9 Tenants
  • Signalized Hard Corner Location at S Main Street & Magnolia Parkway with Multiple Points of Access
  • Strong WALT with Over 37% of Leases Carrying 6+ Years Remaining in Their Initial Terms
  • Built-In Rent Escalations and Below-Market In-Place Rents Provide Embedded Growth
  • Diverse Daily-Needs Tenant Mix Including Safari Animal Hospital, Food, Service, and Medical Uses
  • Pearland, TX (Houston MSA) | High-Income, High-Growth Submarket | Population: 113,100

 

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