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Hooters | Houston (Pearland), TX 15838 South Fwy 5,846 SF Retail Building Pearland, TX 77584 $3,000,000 ($513.17/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term +11-Year Absolute NNN Lease
- Corporate Guarantor
- Surrounded by Top Retailers and Affluent Households
- Zero Landlord Responsibilities – Passive Investment
- Outparcel to Top Ranked National Performing Sam’s Club with Gas Station (+2.2M Annual Visits)
EXECUTIVE SUMMARY
Investment Highlights
LONG-TERM SECURITY - Long Term +11-Year Absolute NNN Lease - Hooters recently signed an absolute NNN lease at this high-visibility Houston (Pearland), TX location, providing long-term income security.
BUILT-IN INCOME GROWTH - 5% Rental Increases at the Beginning of Each Option Period (4 x 5-Year Options)
TRULY PASSIVE OWNERSHIP - Zero Landlord Responsibilities – The absolute NNN lease structure ensures a truly passive investment with no landlord obligations for taxes, insurance, or maintenance.
RELIABLE TENANT COVENANT - Hooters is a well-established casual restaurant brand with over 400 locations across the U.S and other countries. The lease is backed by Corporate Guarantor.
HIGH-TRAFFIC LOCATION - Prime South Freeway Location – Over 70,000 VPD
RETAIL-DENSE TRADE AREA - Anchored by Sam’s Club with Gas Station – Exceptional Crossover Traffic | Nearby: Pearland Town Center, H-E-B, Target, Macy’s, Best Buy, Walmart Supercenter, Chick-fil-A, McDonald’s, CVS, Walgreens
STRONG CONSUMER PROFILE - Affluent and Growing Demographics – $120K+ Avg HH Income (5-Mile Radius)
DESTINATION DEMAND DRIVERS - Outparcel to Top Ranked National Performing Sam’s Club with Gas Station (+2.2M Annual Visits) | Proximity to Top-Ranked Pearland ISD Schools & Major Medical Centers
EXPLOSIVE MARKET GROWTH - Located in Pearland, TX (Houston MSA) – One of the Fastest Growing Submarkets in the Region
LONG-TERM SECURITY - Long Term +11-Year Absolute NNN Lease - Hooters recently signed an absolute NNN lease at this high-visibility Houston (Pearland), TX location, providing long-term income security.
BUILT-IN INCOME GROWTH - 5% Rental Increases at the Beginning of Each Option Period (4 x 5-Year Options)
TRULY PASSIVE OWNERSHIP - Zero Landlord Responsibilities – The absolute NNN lease structure ensures a truly passive investment with no landlord obligations for taxes, insurance, or maintenance.
RELIABLE TENANT COVENANT - Hooters is a well-established casual restaurant brand with over 400 locations across the U.S and other countries. The lease is backed by Corporate Guarantor.
HIGH-TRAFFIC LOCATION - Prime South Freeway Location – Over 70,000 VPD
RETAIL-DENSE TRADE AREA - Anchored by Sam’s Club with Gas Station – Exceptional Crossover Traffic | Nearby: Pearland Town Center, H-E-B, Target, Macy’s, Best Buy, Walmart Supercenter, Chick-fil-A, McDonald’s, CVS, Walgreens
STRONG CONSUMER PROFILE - Affluent and Growing Demographics – $120K+ Avg HH Income (5-Mile Radius)
DESTINATION DEMAND DRIVERS - Outparcel to Top Ranked National Performing Sam’s Club with Gas Station (+2.2M Annual Visits) | Proximity to Top-Ranked Pearland ISD Schools & Major Medical Centers
EXPLOSIVE MARKET GROWTH - Located in Pearland, TX (Houston MSA) – One of the Fastest Growing Submarkets in the Region
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,846 SF
Building Class
B
Year Built
2016
Price
$3,000,000
Price Per SF
$513.17
Cap Rate
6%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.67 AC
Zoning
Commerical
Parking
71 Spaces (12.15 Spaces per 1,000 SF Leased)
Frontage
280’ on Highway 288 Frontage Road
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
Hooters of America, is known for its world famous Hooters Style chicken wings, the first Hooters opened its doors in 1983 in Clearwater, Florida. Expectations were so modest at the time that the simple fact the doors opened was deemed worthy of a toast. Since then millions have been liberated from the ordinary at Hooters while enjoying great food, fun and one-of-a-kind hospitality that can only be served up by the Hooters Girls.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7954-0001-004 | Improvements Assessment | $2,194,040 |
| Land Assessment | $1,376,150 | Total Assessment | $3,570,190 |
PROPERTY TAXES
Parcel Number
7954-0001-004
Land Assessment
$1,376,150
Improvements Assessment
$2,194,040
Total Assessment
$3,570,190
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Hooters | Houston (Pearland), TX | 15838 South Fwy
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