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1427 Broadway St
Pearland, TX 77581
Longwood Crossing · Retail Property For Sale
Investment Highlights
- Value-Add Opportunity: Currently 67% occupied; immediate upside by leasing the vacant suite.
- NNN Leases: Tenants reimburse for CAM, taxes, and insurance; minimal landlord responsibilities.
- Scheduled Rental Increases: Starbucks has four 5-year options with 10% rental increases at each option.
Executive Summary
Value-Add Opportunity: Currently 67% occupied; immediate upside by leasing the vacant suite.
Scheduled Rental Increases: Starbucks has four 5-year options with 10% rental increases at each option.
NNN Leases: Tenants reimburse for CAM, taxes, and insurance; minimal landlord responsibilities.
Prime Location: Situated on a signalized hard corner at Broadway Street and Dixie Farm Road with 40,800+ VPD combined traffic.
Retail Synergy: Across from a Home Depot-anchored center and near Walmart Supercenter; surrounded by national retailers like Chick-fil-A, GameStop, Whataburger, and Panda Express.
Demographics: 5-mile trade area includes 194,100 residents, 59,000 employees, and an average household income of $145,930.
Scheduled Rental Increases: Starbucks has four 5-year options with 10% rental increases at each option.
NNN Leases: Tenants reimburse for CAM, taxes, and insurance; minimal landlord responsibilities.
Prime Location: Situated on a signalized hard corner at Broadway Street and Dixie Farm Road with 40,800+ VPD combined traffic.
Retail Synergy: Across from a Home Depot-anchored center and near Walmart Supercenter; surrounded by national retailers like Chick-fil-A, GameStop, Whataburger, and Panda Express.
Demographics: 5-mile trade area includes 194,100 residents, 59,000 employees, and an average household income of $145,930.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,226 SF
Building Class
C
Year Built
2017
Price
$4,371,601 CAD
Price Per SF
$836.51 CAD
Cap Rate
5.30%
NOI
$231,695 CAD
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.83 AC
Zoning
gr - General Retail
Parking
41 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
374’ on Broadway St
Property Taxes
| Parcel Number | 1105-0000-001 | Improvements Assessment | $3,277,619 CAD |
| Land Assessment | $261,297 CAD | Total Assessment | $3,538,915 CAD |
Property Taxes
Parcel Number
1105-0000-001
Land Assessment
$261,297 CAD
Improvements Assessment
$3,277,619 CAD
Total Assessment
$3,538,915 CAD
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