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