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3569 Business Center Dr
Pearland, TX 77584
Pearland Medical Place · Retail Property For Sale
Investment Highlights
- Medical Tenant Lineup: 88% of the center is medical oriented with a wide range of service lines and strong credit guarantees.
- Prime Location: Located right off TX-288 in Pearland which is the 8th fastest growing city in the United States.
- Annual Rent Increases: All Leases in the Center are NNN and feature 3% annual rent bumps to hedge inflation.
- Excellent visibility: Site plan offers freeway visibility with 97,358 VPD on 288 with drive thru capability.
- Costco Wholesale Shadow-Anchored: The subject property is adjacent to the Pearland Costco Wholesale.
- Outstanding WALT: The weighted average lease term for the center is almost 7 years which provides for a strong passive investment.
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
23,115 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
2.38 AC
Zoning
General Commercial
Parking
133 Spaces (5.93 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Courtyard
- Freeway Visibility
- Restaurant
- Drive Thru
- Recessed Lighting
Property Taxes
| Parcel Number | 2362-0001-005 | Improvements Assessment | $2,641,430 |
| Land Assessment | $1,508,570 | Total Assessment | $4,150,000 |
Property Taxes
Parcel Number
2362-0001-005
Land Assessment
$1,508,570
Improvements Assessment
$2,641,430
Total Assessment
$4,150,000
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