This Retail Property is Off-Market.

Highway 288 & 518
Pearland, TX 74584 ·

6,922 SF · Retail For Sale

N/A

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Goodyear Corporate - Pearland, TX

Price N/A Occupancy 100%
Building Size 6,922 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type
Vehicle Related
More...
  • Service/Gas Station
  • Free Standing Bldg
  • Retail Pad
Year Built 2008
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 0.97 AC
Cap Rate 7.50%
Listing ID: 16048083 Date Created: 01/07/2009 Last Updated: 05/28/2009

Description

- Located in the Newly constructed Pearland Town Center Mall - 1 Million sf
- Anchored by Dillards, Banres & Noble and Macy's
- Major Retail Corridor: Target, Wal-Mart and Kohl's across Street
- S&P Credit B+ - 10,000 Stores Nationwide
- 20 Year Roof and 1 Year Structure Warranty
- 12 Year Corporate Guaranteed Lease with 2008 Construction
- 5% Increases at each Option
- Traffic Counts Exceeding 70,000 Cars per Day
- 19 Billion in Net Sales for 2007
- Goodyear Tire: Founded in 1898 & 3rd Largest Tire Manufacturer in the World
- Combined 70,000 Vehicles Per Day between Highway 288 & 518

This offering is a outparcel to Pearland Town Center Mall at the signalized
intersection of Highway 288 and FM Highway 518, which has a gross
leasable area of 937,000 square feet and is anchored by national retailers
such as Macy' s, Dillards, and Barnes & Noble. The intersection of
Highway 288 and FM Highway 518 is scattered with national retailers
with 2 power centers also located at this intersection anchored by Wal-
Mart and Kohl' s. Traffic counts per day for Highway 288 exceed 45,000
and over 25,000 cars per day for FM Highway 518.

Research

Highway 288 & 518, Pearland, TX 74584

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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