2801-2899 Dulles Ave
Missouri City, TX 77459
Pecan Plaza · Retail Property For Sale

Pecan Plaza is a 53,925 square foot retail strip center located at 2801-2899 Dulles Avenue in Missouri City. The property was built in 1994 and 2006, with renovations in 2014 and 2015. Pecan Plaza is 94% occupied and producing an NOI of $840,996. The property has an average net rental rate of $17.04 which is significantly below the market, given its submarket average of $20.00-$24.00 NNN. A Buyer benefits from increasing rental rates to market rate, thus increasing NOI and acquiring an asset well below its replacement cost. On the border of Sugar Land and Missouri City (2 of the fastest growing suburbs in Fort Bend County) and near two master-planned communities (Sienna Plantation and Riverstone) the immediate area has seen an 81.15% population growth since 2000. Within a 5 mile radius of the property, the population is over 200,000, and is estimated to grow 4.5% by 2021. Pecan Plaza has excellent access with four points of Ingress and Egress; two on Dulles Avenue and two on Cartwright Avenue. Easy access to Highway 6, Highway 90, Interstate 59/69 and Beltway 8.