11940 Broadway St Pearland, TX 77584
- Lifestyle centers
- 10,655 SF
- 1.55 lot acres
Current Use by Public Records
- The Lash Lounge / Eyelash Salon / Beauty Salon
- Pet Supplies Plus Pearland / Pet Supply Store / Bird Shop
- Kolache Shoppe Pearland / Coffee Shop / Bakery
Property Details for 11940 Broadway St
- Year built
- 2023
- Lot size
- 1.55 lot acres
- Property size
- 10,655 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pearland
- County
- Brazoria
- State
- Texas
- Longitude
- -95.4046
- Latitude
- 29.5548
