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Kirby II 3220 Kirby Dr 8,650 SF 100% Leased Retail Building Pearland, TX 77584 $3,933,576 ($454.75/SF) 6.60% Cap Rate
EXECUTIVE SUMMARY
Positioned within the Kirby II retail center in Pearland, Texas, this center benefits from strong co-tenancy including Mia Thai Tea and more, enhancing visibility and foot traffic.
Located along Kirby Drive, the property enjoys proximity to major retailers such as Target, CVS, and Floor & Decor, as well as dining and entertainment options like Cinemark Pearland and Jeremiah’s Italian Ice. The surrounding area includes residential communities and schools, contributing to a steady stream of local engagement. With easy access to Highway 288 and Smith Ranch Road, the site is well-connected to broader Pearland and Houston markets.
Located along Kirby Drive, the property enjoys proximity to major retailers such as Target, CVS, and Floor & Decor, as well as dining and entertainment options like Cinemark Pearland and Jeremiah’s Italian Ice. The surrounding area includes residential communities and schools, contributing to a steady stream of local engagement. With easy access to Highway 288 and Smith Ranch Road, the site is well-connected to broader Pearland and Houston markets.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
8,650 SF
Building Class
B
Year Built
2020
Price
$3,933,576
Price Per SF
$454.75
Cap Rate
6.60%
NOI
$259,616
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.47 AC
Parking
51 Spaces (5.9 Spaces per 1,000 SF Leased)
Frontage
420’ on Kirby Drive
AMENITIES
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5654-0001-002 | Improvements Assessment | $1,696,450 |
| Land Assessment | $784,920 | Total Assessment | $2,481,370 |
PROPERTY TAXES
Parcel Number
5654-0001-002
Land Assessment
$784,920
Improvements Assessment
$1,696,450
Total Assessment
$2,481,370
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Kirby II | 3220 Kirby Dr
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