1427 Broadway St - Fast Food FOR SALE


Pearland, TX 77581
$3,150,000 USD
949-903-8099
1427 Broadway St, Pearland, TX for Sale
$3,150,000 USD
Fast Food - FOR SALE
1/9
null | 5.3% Cap Rate

1427 Broadway St
Pearland, TX 77581


HIGHLIGHTS

  • Value-Add Opportunity | Options To Extend | Scheduled Rental Increases
  • NNN Leases | Fee Simple Ownership | Limited Landlord Responsibilities
  • Across From Home Depot Anchored Center | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$603 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Longwood Crossing | Value-Add | NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

GC

APN/PARCEL ID

1105-0000-001

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

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