This property is Off-Market

11414 Broadway Boulevard
Pearland, TX 77584 ·

3,600 SF · Retail For Sale

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Vitamin Shoppe

Price N/A Cap Rate 8%
Building Size 3,600 SF Tenancy Single
Property Type Retail Year Built 2009
Property Sub-type Free Standing Bldg Lot Size 0.44 AC
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 16631183 Date Created: 03/31/2010 Last Updated: 08/05/2010

Description

The store is very well located with frontage along Broadway Street, a major east-west thoroughfare off the Highway 288 interchange (a major north-south highway leading into Houston), and sits in front of the new Pearland Town Center in this Houston suburb. Pearland Town Center is a 1.2 million square foot mixed-use development with 750,000 square feet of retail space, 300 residential units, a 110-room hotel, and 50,000 square feet of office space. The store is an attractive masonry design, and will benefit from its very visible location and exposure to the high volume of traffic.

Vitamin Shoppe, Inc. (NYSE: VSI) operates as a specialty retailer and direct marketer of nutritional products primarily in the United States. It offers a range of vitamins, minerals, herbs, supplements, sports nutrition, and homeopathic remedies, as well as natural beauty and personal care, natural pet food, low carb foods and diet, and weight management supplements. It sells its products through its retail stores and mail order catalogs, as well as directly to consumers through its websites. As of June 27, 2009, it operated 425 stores located in 37 states and the District of Columbia. The company was founded in 1977 and is headquartered in North Bergen, New Jersey

Highlights

  • Pearland Town Center Outparcel, a 1.2 million square foot mixed-use development
  • Frontage along Broadway Street, just off Highway 288, one of the main arteries of Houston
  • 15% Increase in Year 6, and a 15% Increase in the 1st Option, 10% Increase in the 2nd Option
  • Vitamin Shoppe has over 425 locations in 37 states
  • Strong NYSE-listed company with no debt

Research

11414 Broadway Boulevard, Pearland, TX 77584 (Brazoria County)

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