Raising Cane’s – GL Pearland, TX

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

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