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Pearland Commons 3525 S Main St 27,460 SF 89% Leased Retail Building Pearland, TX 77581 $12,211,320 CAD ($444.69 CAD/SF) 7.41% Cap Rate
Investment Highlights
- 2020 Construction. ±27,460 SF Retail Center Situated on a ±1.18 Acre Site
- Strong WALT with Over 37% of Leases Carrying 6+ Years Remaining in Their Initial Terms
- Diverse Daily-Needs Tenant Mix Including Safari Animal Hospital, Food, Service, and Medical Uses
- Signalized Hard Corner Location at S Main Street & Magnolia Parkway with Multiple Points of Access
- Built-In Rent Escalations and Below-Market In-Place Rents Provide Embedded Growth
- Pearland, TX (Houston MSA) | High-Income, High-Growth Submarket | Population: 113,100
Executive Summary
Secure Net Lease, as the Exclusive Marketing Advisor, is pleased to present the Offering of Pearland Commons, a 27,460 SF stabilized Shopping Center consisting of 9 tenants. The Property features newer construction and is positioned on the SE Corner of the heavily trafficked Main Street and Magnolia Parkway intersection, a rapidly growing subdivision with high spending power in Pearland.
Pearland Commons was built in 2020 and benefits from multiple points of access along with excess parking for existing and prospective tenants.
With the property currently enjoying full NNN leases, built-in rent escalations, below market rents in several suites, staggard lease rollover, and a complimentary host of tenants catered to the local demographics, the Offering of Pearland Commons presents an ideal opportunity for investors seeking capital preservation coupled with longer-term appreciation.
Pearland Commons was built in 2020 and benefits from multiple points of access along with excess parking for existing and prospective tenants.
With the property currently enjoying full NNN leases, built-in rent escalations, below market rents in several suites, staggard lease rollover, and a complimentary host of tenants catered to the local demographics, the Offering of Pearland Commons presents an ideal opportunity for investors seeking capital preservation coupled with longer-term appreciation.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
27,460 SF
Building Class
B
Year Built
2021
Price
$12,211,320 CAD
Price Per SF
$444.69 CAD
Cap Rate
7.41%
NOI
$904,775 CAD
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
1.18 AC
Zoning
GC - General Commercial
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
3,000 SF second-generation retail on the signalized hard corner of SH-35 & Magnolia Parkway
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,500 SF | Retail | In-Line | Now |
| 142 | 3,000 SF | Retail | In-Line | 30 Days |
1st Floor
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
142
| Size |
| 3,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 1,500 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
142
| Size | 3,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
3,000 SF second-generation retail on the signalized hard corner of SH-35 & Magnolia Parkway
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0507-0008-000 | Improvements Assessment | $8,008,070 CAD |
| Land Assessment | $644,556 CAD | Total Assessment | $8,652,626 CAD |
Property Taxes
Parcel Number
0507-0008-000
Land Assessment
$644,556 CAD
Improvements Assessment
$8,008,070 CAD
Total Assessment
$8,652,626 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Pearland Commons | 3525 S Main St
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