2815 Broadway St
Pearland, TX 77581
Sonic Drivein | Abs NNN | Lowe's Outparcel · Retail Property For Sale

The property is located at the signalized, hard corner intersection of East Broadway Street and Pearland Parkway with a combined 46,500 vehicles passing by daily. Sonic is an American drive-in fast-food restaurant chain that does not offer indoor dining; therefore, the operation is not financially altered due to the coronavirus. On average, stores with drive-thrus experience higher sales than those without. The building is ideally situated as an outparcel to Lowe’s Home Improvement, thereby benefiting from crossover traffic. In addition, the site is strategically positioned adjacent to The Center at Pearland Parkway, a 562,000 SF community center anchored by H-E-B, Hobby Lobby, T.J. Maxx, and Petco. East Broadway Street is the primary retail corridor serving the Houston MSA, with other nearby national/credit tenants including Walmart Supercenter, The Home Depot, LA Fitness, Ross Dress for Less, Walgreens, Aldi, Kroger, Office Depot, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Moreover, the property is surrounded by several apartment complexes including Whispering Winds (286 units), Enclave at Mary’s Creek (240 units), Ashford Strawbridge (171 units), and Remington Apartments (152 units), providing the drive-in restaurant with a direct residential consumer base from which to draw. The 5-mile trade area is supported by more than 65,000 residents and 52,500 daytime employees with an average household income of $58,000.