For Sale
Call for price

11940 Broadway StPearland, TX 77584

Brand new Class A shopping center with strong leases.

Overview

Added:
Dec 11, 2024
Days on market:
117
Broadway Plaza II, a stunning new Class A retail shopping center, presents a unique investment opportunity in the thriving Pearland, Texas market. Completed in 2023, this single-story, 10,655 square foot building sits on a 1.55-acre lot at 11940 Broadway St, 77584, within Brazoria County. The property boasts a highly desirable location and benefits from all NNN leases, ensuring a stabilized cash flow with built-in rent escalations. The center's modern design and prime location in a high-growth submarket make it an attractive destination for both tenants and customers. This is a turnkey investment opportunity with the security of long-term leases and the potential for significant future appreciation. The property's single-building structure simplifies management, while its Class A construction ensures high-quality finishes and lasting appeal. Investors seeking a stable, high-performing asset in a dynamic market should consider this exceptional opportunity. The property's size and location make it ideal for a variety of retail uses, ensuring long-term value and consistent income generation. The new construction status minimizes maintenance concerns and maximizes the potential for immediate returns.

Highlights

  • Stable cash flow.
  • Triple-net (NNN) leases.
  • Built-in rent increases.
  • Strong growth submarket.
  • New construction.

Property Details for 11940 Broadway St

Property type
Lifestyle centers, Power centers
Square Feet
10,655 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
67,518 SF

Location Insight

City
Pearland
County
Brazoria
State
Texas
Latitude
29.5547678
Longitude
-95.4045677
11940 Broadway St, Pearland, Texas

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11940 Broadway St
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