1632 Broadway St - Fast Food FOR SALE


Pearland, TX 77581
$3,950,000 USD
480-221-4221
1632 Broadway St, Pearland, TX for Sale
$3,950,000 USD
Fast Food - FOR SALE
1/7
null | 4.56% Cap Rate

1632 Broadway St
Pearland, TX 77581


HIGHLIGHTS

  • New, 15-Year Low Rent Ground Lease | Options To Extend | Scheduled Rental Increases | Strong Intrinsics | Tenant Building Improvements At Tenant Expe
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Outparcel To Walmart Supercenter | High Traffic Intersection |Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Whataburger Corporate signed lease • New, 15-year lease with 3 (5-year) option periods to extend • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period • The property’s location, newly constructed improvements, and favorable lease terms contribute to the asset’s strong intrinsic value • Tenant undertook the construction of the improvements at their sole expense, highlighting their commitment to the site

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$1,195 USD /SF

CAP RATE

4.56%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Whataburger | New 15yr Ground Lease w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

-

APN/PARCEL ID

4112-0001-001

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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