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    11940 Broadway St Pearland, TX 77584

    Sponsored
    For Sale
    Contact for pricing

    Brand new Class A shopping center with strong leases.

    Property size:
    10,655 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 11940 Broadway St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,655 SF
    Class
    A
    Lot Size
    67,518 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    HighLights

    • Stable cash flow.
    • Triple‑net (NNN) leases.
    • Built‑in rent increases.
    • Strong growth submarket.
    • New construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Lash Lounge Eyelash Salon Pet Supplies Plus ... Pet Supply Store Kolache Shoppe Pearland Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.4045677
    Latitude
    29.5547678

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    FAQs

    What type of property is this?
    Lifestyle center - Brand new Class A shopping center with strong leases.
    Where is this lifestyle center located?
    The property is located at 11940 Broadway St Pearland, TX.
    What are key features of this property?
    This property features: Stable cash flow.; Triple-net (NNN) leases.; Built-in rent increases.
    Request Owner's contact information
    11940 Broadway St Pearland, TX 77584
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11940 Broadway St Pearland, TX 77584
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