9223 Broadway St
Pearland, TX 77584
Commerce de détail Propriété À vendre

This retail investment opportunity at 9223 Broadway Street in Pearland, Texas, offers a stabilized asset in one of Houston’s most dynamic suburban markets. The property comprises 35,132 square feet of leasable area on a 2.55-acre parcel and features 477 feet of frontage along Broadway Street, a major commuter and commercial corridor in Pearland. With a diversified tenant mix including medical services, retail, and food establishments, the center benefits from strong visibility and ease of access.
The site is currently 77.3% occupied, creating potential upside through lease-up strategies while generating solid in-place income. The offering reports a Net Operating Income (NOI) of $583,276 and a cap rate of 6.25%, providing investors with a balanced combination of security and value-enhancement opportunity. This area has witnessed sustained population growth, with over 177,000 residents within a five-mile radius and average household income exceeding $150,000 within one mile of the property.
Located less than 1.5 miles from Highway 288, the property offers convenient connectivity to the Greater Houston Area, making it attractive to both national and local tenants. With long-term demographic trends favoring continued retail demand and Pearl­and's position as one of the fastest-growing submarkets in Texas, this asset combines immediate income stability with long-term growth potential.