15838 South Fwy - Restaurant FOR SALE


Pearland, TX 77584- Shadow Creek Ranch
$3,000,000 USD
480-347-8027
15838 South Fwy, Pearland, TX for Sale
$3,000,000 USD
Restaurant - FOR SALE
1/3
null | 6% Cap Rate

15838 South Fwy
Pearland, TX 77584
Shadow Creek Ranch


HIGHLIGHTS

  • Long Term +11-Year Absolute NNN Lease
  • Zero Landlord Responsibilities – Passive Investment
  • Corporate Guarantor
  • Outparcel to Top Ranked National Performing Sam’s Club with Gas Station (+2.2M Annual Visits)
  • Surrounded by Top Retailers and Affluent Households

OVERVIEW

Investment Highlights LONG-TERM SECURITY - Long Term +11-Year Absolute NNN Lease - Hooters recently signed an absolute NNN lease at this high-visibility Houston (Pearland), TX location, providing long-term income security. BUILT-IN INCOME GROWTH - 5% Rental Increases at the Beginning of Each Option Period (4 x 5-Year Options) TRULY PASSIVE OWNERSHIP - Zero Landlord Responsibilities – The absolute NNN lease structure ensures a truly passive investment with no landlord obligations for taxes, insurance, or maintenance. RELIABLE TENANT COVENANT - Hooters is a well-established casual restaurant brand with over 400 locations across the U.S and other countries. The lease is backed by Corporate Guarantor. HIGH-TRAFFIC LOCATION - Prime South Freeway Location – Over 70,000 VPD RETAIL-DENSE TRADE AREA - Anchored by Sam’s Club with Gas Station – Exceptional Crossover Traffic | Nearby: Pearland Town Center, H-E-B, Target, Macy’s, Best Buy, Walmart Supercenter, Chick-fil-A, McDonald’s, CVS, Walgreens STRONG CONSUMER PROFILE - Affluent and Growing Demographics – $120K+ Avg HH Income (5-Mile Radius) DESTINATION DEMAND DRIVERS - Outparcel to Top Ranked National Performing Sam’s Club with Gas Station (+2.2M Annual Visits) | Proximity to Top-Ranked Pearland ISD Schools & Major Medical Centers EXPLOSIVE MARKET GROWTH - Located in Pearland, TX (Houston MSA) – One of the Fastest Growing Submarkets in the Region

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$513 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hooters | Houston (Pearland), TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

Commerical

APN/PARCEL ID

7954-0001-004

ASK ABOUT THIS PROPERTY

Rick CarrilloAiCRE PartnersMore Info
480-347-8027

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Rick CarrilloAiCRE PartnersMore Info
480-347-8027

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