Anchored Neighborhood Shopping
5402-5404 Broadway St, Pearland, TX 77581
For Sale
$5,547,490
Signalized-corner center with multiple access points and cross-access to neighboring retail.
Property Size23,500 SF
Price / SF$236.06
Days on Market112
Property Features for 5402-5404 Broadway St
General Information
Standard status
Size
Class
Property subtype
Zoning
Site & Location
Corner Location
Anchor Co-Tenants
Road Access
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Alison Commercial Group @ KW Commercial Signature
Listed By:
Imtiaz Ali · License #0728721
(281) 599-7600
Source:
Realnex
Added: Jul 21
Changed: Sep 22
Last Checked: Nov 8 at 2:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alison Commercial Group @ KW Commercial Signature
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Corrigan Plaza is a 23,500 SF neighborhood shopping center built in 2005 and anchored by Dollar Tree. The property occupies the signalized intersection of Broadway Street and Corrigan Drive, with multiple entry points serving the center and cross-access to adjacent retail properties.
The center is in downtown Pearland, approximately 1 mile from the Highway 35/FM 518 intersection. Its corner position, established anchor, and connection to neighboring retail create a clearly defined commercial setting for the property.
The center is in downtown Pearland, approximately 1 mile from the Highway 35/FM 518 intersection. Its corner position, established anchor, and connection to neighboring retail create a clearly defined commercial setting for the property.
Key Highlights
- 23,500 SF neighborhood shopping center
- Anchored by Dollar Tree
- Signalized intersection of Broadway Street and Corrigan Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,929
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,258,580
$5.3M
Cap Rate 7%
$3,756,129
$3.8M
Cap Rate 9%
$2,921,433
$2.9M
Market Conditions
NOI Build-Up for 23,500 SF
Gross rent
$400.4K $17.04/SF
− Vacancy
−$24.8K −$1.06/SF
EGI
$375.6K $15.98/SF
− OpEx
−$112.7K −$4.80/SF
NOI
$262.9K $11.19/SF
Area
Pearland, TX
Vacancy
6.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,258,580
Cap Rate 7%
$3,756,129
Cap Rate 9%
$2,921,433
Alternative Uses
Best Use
Retail
$3.76M
$3.29M – $4.38M
NOI $262,929 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.59M
$4.02M – $5.36M
NOI $321,498 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 19%
Leisure 12%
Dollar Tree
Shops & Services
24,807 visits/mo
0.0 miles
Little Caesars Pizza
Dining
4,749 visits/mo
0.1 miles
Knights Of Columbus
Leisure
4,688 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
1,480 visits/mo
0.3 miles
SUBWAY
Dining
1,266 visits/mo
0.1 miles
Demographics for 77581, TX
49,198
Population
18,285
Households
2.7
Avg Household Size
38
Median Age
36%
College-Educated
94%
High-School Grad
24.6 sq mi
ZIP Area
2,000
Density / Sq Mi
$106,556
Median Household Income
$62,887
Median Earnings
$1,591
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Signalized-corner center with multiple access points and cross-access to neighboring retail.
Where is this shopping center located?
The property is located at 5402-5404 Broadway St Pearland, TX.
What is the asking price?
The asking price for this property is $5,547,490.
What are key features of this property?
This property features: 23,500 SF neighborhood shopping center; Anchored by Dollar Tree; Signalized intersection of Broadway Street and Corrigan Drive
