7918 Broadway StPearland, TX 77581

Property Details for 7918 Broadway St

Lot size

5.44 AC

Property size (Sq ft)

39,065 SF

Property type

Day care centers & nurseries

Property subtype

Retail properties

Description

This exceptional investment opportunity, Tranquility Center, presents four Class A buildings totaling 39,065 square feet situated on a 5.44-acre lot at 7918 Broadway St., Pearland, TX 77581. The property, built between 2003 and 2008, boasts a 97% occupancy rate with 15 tenants under NNN leases, ensuring a stable income stream. The diverse tenant mix includes medical offices, daycare centers, traditional offices, and other professional services. The asking price is $11,900,000, representing a price per square foot of $304.62 and a compelling 6.35% cap rate with a Net Operating Income (NOI) of $755,650. Additional income is generated from a billboard on FM 518 and leasable floored attic space above the buildings. This stabilized investment is ideal for a 1031 exchange, offering a seamless transition for investors seeking a high-performing asset in a thriving Pearland, Texas location, conveniently situated approximately 20 minutes from both the Houston Medical Center and Downtown Houston. The property's prime location within a high-income, family-oriented area, coupled with nearby restaurants and amenities, contributes to its strong performance and long-term potential. The one-story buildings offer a mix of office and retail spaces.

Location Insight

City

Pearland

County

Brazoria

State

Texas

Latitude

29.5592

Longitude

-95.3428

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].