3525 S Main St - Storefront FOR SALE


Pearland, TX 77581
$8,700,000 USD
214-227-9869
3525 S Main St, Pearland, TX for Sale
$8,700,000 USD
Storefront - FOR SALE
1/4
null | 7.41% Cap Rate

3525 S Main St
Pearland, TX 77581


HIGHLIGHTS

  • 2020 Construction. ±27,460 SF Retail Center Situated on a ±1.18 Acre Site
  • Signalized Hard Corner Location at S Main Street & Magnolia Parkway with Multiple Points of Access
  • Strong WALT with Over 37% of Leases Carrying 6+ Years Remaining in Their Initial Terms
  • Built-In Rent Escalations and Below-Market In-Place Rents Provide Embedded Growth
  • Diverse Daily-Needs Tenant Mix Including Safari Animal Hospital, Food, Service, and Medical Uses
  • Pearland, TX (Houston MSA) | High-Income, High-Growth Submarket | Population: 113,100

OVERVIEW

Secure Net Lease, as the Exclusive Marketing Advisor, is pleased to present the Offering of Pearland Commons, a 27,460 SF stabilized Shopping Center consisting of 9 tenants. The Property features newer construction and is positioned on the SE Corner of the heavily trafficked Main Street and Magnolia Parkway intersection, a rapidly growing subdivision with high spending power in Pearland. Pearland Commons was built in 2020 and benefits from multiple points of access along with excess parking for existing and prospective tenants. With the property currently enjoying full NNN leases, built-in rent escalations, below market rents in several suites, staggard lease rollover, and a complimentary host of tenants catered to the local demographics, the Offering of Pearland Commons presents an ideal opportunity for investors seeking capital preservation coupled with longer-term appreciation.

FOR SALE DETAILS

PRICE

$8,700,000 USD

PRICE/SF

$317 USD /SF

CAP RATE

7.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pearland Commons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

GC

APN/PARCEL ID

0507-0008-000

ASK ABOUT THIS PROPERTY

Sam HouseSecure Net LeaseMore Info
214-227-9869

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Sam HouseSecure Net LeaseMore Info
214-227-9869

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