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2702 Reid Blvd
Pearland, TX 77581
Retail Property For Sale
Investment Highlights
- 1998 Construction. 2,684+/- SF Building On 0.76+/- Acre Site
- Prime Location on Signalized Hard Corner Along Pearland’s Primary Retail Thoroughfare (34k+ VPD) & 5-Mile Pop. of 164k+ People
- Investment-Grade Corporate Guarantee by Jack in the Box Inc. (NASDAQ: JACK) – 2,130+ Locations Nationwide
- 28+ Years of Continuous Occupancy & Supporting 268k+ Annual Visitors Ranking Top 6.5% of Jack in the Box Locations Nationally
- Pearland Experiencing Rapid Growth Highlighted by $160M Expansion of Broadway Street from Four to Six Lanes & Much More
- Pearland, TX | Houston Ranks Among Top U.S. Metros for Job and Population Growth | Pearland Population: 139,900+
Executive Summary
Recently Exercised Option to Extend Absolute NNN Lease through 2031 & 1 Remaining 5-Year Option Following w/ 8% Rent Increase
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,684 SF
Building Class
B
Year Built
1998
Price
$2,755,000
Price Per SF
$1,026.45
Cap Rate
6.25%
NOI
$172,182
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.76 AC
Zoning
GB - General Business
Parking
20 Spaces (7.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 1168-0001-110 | Improvements Assessment | $439,400 |
| Land Assessment | $324,050 | Total Assessment | $763,450 |
Property Taxes
Parcel Number
1168-0001-110
Land Assessment
$324,050
Improvements Assessment
$439,400
Total Assessment
$763,450
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