2702 Reid Blvd - Fast Food FOR SALE


Pearland, TX 77581
$2,755,000 USD
214-915-8890
2702 Reid Blvd, Pearland, TX for Sale
$2,755,000 USD
Fast Food - FOR SALE
1/7
null | 6.25% Cap Rate

2702 Reid Blvd
Pearland, TX 77581


HIGHLIGHTS

  • 1998 Construction. 2,684+/- SF Building On 0.76+/- Acre Site
  • 28+ Years of Continuous Occupancy & Supporting 268k+ Annual Visitors Ranking Top 6.5% of Jack in the Box Locations Nationally
  • Prime Location on Signalized Hard Corner Along Pearland’s Primary Retail Thoroughfare (34k+ VPD) & 5-Mile Pop. of 164k+ People
  • Pearland Experiencing Rapid Growth Highlighted by $160M Expansion of Broadway Street from Four to Six Lanes & Much More
  • Investment-Grade Corporate Guarantee by Jack in the Box Inc. (NASDAQ: JACK) – 2,130+ Locations Nationwide
  • Pearland, TX | Houston Ranks Among Top U.S. Metros for Job and Population Growth | Pearland Population: 139,900+

OVERVIEW

Recently Exercised Option to Extend Absolute NNN Lease through 2031 & 1 Remaining 5-Year Option Following w/ 8% Rent Increase

FOR SALE DETAILS

PRICE

$2,755,000 USD

PRICE/SF

$1,161 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jack in the Box

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,236 SF

ZONING

GB

APN/PARCEL ID

1168-0001-110

ASK ABOUT THIS PROPERTY

Bob MoorheadSecure Net LeaseMore Info
214-915-8890

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Bob MoorheadSecure Net LeaseMore Info
214-915-8890

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