1823 Main St Pearland, TX 77581
- Retail properties
- 1,800 SF
Current Use by Public Records
- Wizard Liquor Pearland / Liquor Store
Property Details for 1823 Main St
- Year built
- 2018
- Property size
- 1,800 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This profitable Pearland, Texas liquor store is available for $120,000 (excluding inventory). The 1,800 square foot storefront, built in 2018, boasts a convenient drive-thru and enjoys a prime location in a high-traffic area. Generating $425,000 in gross revenue and a net operating income (NOI) of $62,215, this established business offers a strong return on investment. The lease is a triple net (NNN) agreement with a current monthly rent of $2,200. The current lease has three years remaining in the current option period, followed by a five-year option. The original lease term was 15 years. All furniture, fixtures, and equipment are included in the asking price. The business benefits from a stellar reputation, evidenced by a 4.8 Google rating. This turnkey operation presents a rare opportunity for an owner/user or investor seeking a profitable, established business in a desirable location within Brazoria County. The inventory is available for an additional $200,000.
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
- -95.2857
- Latitude
- 29.5752
