2702 Reid Blvd
Pearland, TX
Price:
$2,755,000
Cap Rate:
6.25%
NOI:
$172,182
Building Size:
Approx. 2,684 Sq. Ft.
Lot Size:
Approx. 0.76 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
1998
Investment Overview
- 1998 Construction. 2,684+/- SF Building On 0.76+/- Acre Site
- Recently Exercised Option to Extend Absolute NNN Lease through 2031 & 1 Remaining 5-Year Option Following w/ 8% Rent Increase
- 28+ Years of Continuous Occupancy & Supporting 268k+ Annual Visitors Ranking Top 6.5% of Jack in the Box Locations Nationally
- Prime Location on Signalized Hard Corner Along Pearland’s Primary Retail Thoroughfare (34k+ VPD) & 5-Mile Pop. of 164k+ People
- Pearland Experiencing Rapid Growth Highlighted by $160M Expansion of Broadway Street from Four to Six Lanes & Much More
- Investment-Grade Corporate Guarantee by Jack in the Box Inc. (NASDAQ: JACK) – 2,130+ Locations Nationwide
- Pearland, TX | Houston Ranks Among Top U.S. Metros for Job and Population Growth | Pearland Population: 139,900+