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Longwood Crossing | Value-Add | NNN 1427 Broadway St 5,226 SF 100% Leased Retail Building Pearland, TX 77581 $3,974,906 CAD ($760.60 CAD/SF) 5.78% Cap Rate
Investment Highlights
- Value-Add Opportunity | Options To Extend | Scheduled Rental Increases
- Across From Home Depot Anchored Center | Dense Retail Corridor
- NNN Leases | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, 3-tenant investment property located in Pearland, Texas. The current tenants are Starbucks and Havana Nail Spa with the third suite vacant, providing a value-add opportunity for investors. Both tenants have options to extend with 10% rental increases at the beginning of each option. The leases are NNN, limiting potential expense leakage and allowing for the pass-through of most operating expenses.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,226 SF
Building Class
C
Year Built
2017
Price
$3,974,906 CAD
Price Per SF
$760.60 CAD
Cap Rate
5.78%
NOI
$229,572 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.83 AC
Zoning
GC - General Commercial
Parking
38 Spaces (7.27 Spaces per 1,000 SF Leased)
Frontage
374’ on Broadway St
Amenities
- Restaurant
- Signage
- Drive Thru
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1105-0000-001 | Improvements Assessment | $3,236,832 CAD |
| Land Assessment | $258,045 CAD | Total Assessment | $3,494,877 CAD |
Property Taxes
Parcel Number
1105-0000-001
Land Assessment
$258,045 CAD
Improvements Assessment
$3,236,832 CAD
Total Assessment
$3,494,877 CAD
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Longwood Crossing | Value-Add | NNN | 1427 Broadway St
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