11930 Broadway | Pearland, TX 77584
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- LoopNet Team
11930 Broadway
Pearland, TX 77584
Broadway Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- BRAND NEW CLASS A RETAIL CONSTRUCTION: Completed in 2022 and offers an investor a brand new class A modern steel structure
- PEARLAND, TEXAS: Pearland, Texas was ranked as the 3rd fastest-growing economy in the U.S. and the second-fastest growing city in Texas
- Phase I was 65% leased prior to breaking ground Phase II is 75% pre-leased (To be delivered in summer 2022 and available for sale)
- 6.02% CAP RATE: The NOI at Broadway Plaza is $343,397 and has significant rent bumps built into the leases
- 10-YEAR LEASE: Offers stable income with 80% of the tenants on 10-Year leases
- SURROUNDING NEIGHBORHOODS: Conveniently located in close proximity to Shadow Creek Ranch and surrounding thriving Pearland communities
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,655 SF
Building Class
C
Year Built
2022
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.55 AC
Zoning
PUD - Planned Unit Development
Parking
62 Spaces (5.82 Spaces per 1,000 SF Leased)
Frontage
440’ on Broadway St
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 0564-0005-011 | Improvements Assessment | $2,218,030 |
| Land Assessment | $681,970 | Total Assessment | $2,900,000 |
PROPERTY TAXES
Parcel Number
0564-0005-011
Land Assessment
$681,970
Improvements Assessment
$2,218,030
Total Assessment
$2,900,000
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