10034 Broadway St - Fast Food FOR SALE


Pearland, TX 77584
$3,523,810 USD
408-510-9057
10034 Broadway St, Pearland, TX for Sale
$3,523,810 USD
Fast Food - FOR SALE
1/3
null | 5.25% Cap Rate

10034 Broadway St
Pearland, TX 77584


HIGHLIGHTS

  • Brand-New 20-Year Absolute NNN Lease | Zero Landlord Responsibilities | Passive Ownership Opportunity
  • Dual-Branded Taco Bell / KFC Backed by Yum! Brands | Two of the World’s Largest QSR Brands With 38,000+ Global Locations
  • Prime Frontage Along Broadway Street in Pearland
  • Dense Retail Corridor With Top National Co-Tenancy | Positioned Within Pearland’s Primary Retail Trade Area
  • Located Within the Houston MSA – Nation’s 5th Largest Metro

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a dual-branded Taco Bell / KFC located at 10034 Broadway Street in Pearland, Texas. The property will be subject to a brand-new 20-year absolute NNN lease commencing at the close of escrow, providing investors with fully passive ownership and zero landlord responsibilities. The lease includes 10% rent increases every five years and four (4) five-year renewal options, ensuring predictable income growth and long-term stability. The ±2,952-square-foot drive-thru building is situated on ±1.00 acre with prime frontage along Broadway Street (FM 518), one of Pearland’s busiest thoroughfares with ±34,553 vehicles per day. The site benefits from excellent visibility and access within a dense retail corridor surrounded by Walmart Supercenter, H-E-B, Target, Academy Sports, and Home Depot. The property is positioned within the Houston MSA, the fifth-largest metro in the United States, home to more than 7.5 million residents. The lease is guaranteed by Delect Foods, LLC, a 50-unit subsidiary of Emerge Inc.—a seasoned 180-unit multi-brand operator with strong credit and operational scale. Combining the reach of Taco Bell (8,000+ locations) and KFC (30,000+ locations worldwide), this dual-branded concept offers enduring brand strength and recession-resistant consumer demand. With an NOI of $185,000 and a 5.25% cap rate, this property provides investors a rare opportunity to secure a high-performing, trophy-quality QSR asset in one of Houston’s most dynamic suburban markets.

FOR SALE DETAILS

PRICE

$3,523,810 USD

PRICE/SF

$1,101 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC/Taco Bell | 20yr SLB | High Sales

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

None

APN/PARCEL ID

7584-2001-005

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.