1601 Broadway Street
Pearland, TX
Price:
$2700000
NOI:
$135,000
Building Size:
Approx. 2724 Sq. Ft.
Lot Size:
Approx. 0.79 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2015
Investment Overview
- New Construction | 2,724+/- SF Building on .87+/- Acre Site
- 15-Year Corporate Ground Lease w/ 10% Rent Bumps Every 5-Yrs
- Located intersection of Broadway St (36,716 Cars / Day) & Dixie Farm Rd (22,016 Cars / Day)
- Near Walmart, Home Depot, Bank of America, Walgreens, McDonald’s, Chick-fil-A, Jack in the Box, & Exxon
- Major Employers: Pearland ISD (2,450 Empl.), Walmart (1,185 Empl.), Kelsye-Sybold Clinic (800 Empl.),
- City of Pearland ( 614 Empl.), HEB Grocery (350 Empl.), Davis-Lynch (230 Empl.)
- 24-Minuets E of Pearland Town Center (1,100,000 SF) & Shadow Creek Town Center (640,265 SF)
- Pearland is a predominantly white-collar (71%) & is located 16-Miles S of downtown Houston, TX
- 5-Mile estimated population: 178,943 | 3-Mile Average Household Income: $99,564
- Houston – Sugar Land – Baytown MSA: 6th Largest MSA in the US | Population: 5,946,800