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Shops at Reflection Bay 2000 Reflection Bay Dr 15,550 SF 100% Leased Retail Building Pearland, TX 77584 $8,838,185 CAD ($568.37 CAD/SF) 7% Cap Rate
Investment Highlights
- Located in the premier master planned Shadow Creek Ranch community surrounded by a dense neighborhood rooftop population w/ strong income demographics
- All tenants have 3% annual increases
- Pearland is considered the eighth fastest growing city in America and the third fastest in the Houston MSA
- TPO roof 25-year no dollar limit warranty through 2047
Executive Summary
OLDHAM GOODWIN is pleased to present the Shops at Reflection Bay for your consideration. The property is located at the corner of the entrance to Shadow Creek, an affluent 7,000 home master-planned community in Pearland, TX. Shops at Reflection Bay boasts an ideal retail site to serve the densely populated rooftops, strong visibility at the hard corner of heavily trafficked Shadow Creek Parkway and Reflection Bay Drive, and ease of access to both SH 288 and Beltway 8, the 2 major thoroughfares serving Pearland.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,550 SF
Building Class
B
Year Built
2022
Price
$8,838,185 CAD
Price Per SF
$568.37 CAD
Cap Rate
7%
NOI
$618,673 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.55 AC
Zoning
None - None
Parking
23 Spaces (6.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 7591-0001-001 | Improvements Assessment | $4,393,310 CAD |
| Land Assessment | $1,707,027 CAD | Total Assessment | $6,100,336 CAD |
Property Taxes
Parcel Number
7591-0001-001
Land Assessment
$1,707,027 CAD
Improvements Assessment
$4,393,310 CAD
Total Assessment
$6,100,336 CAD
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Shops at Reflection Bay | 2000 Reflection Bay Dr
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