2618 Broadway St Pearland, TX 77581

Property Details for 2618 Broadway St

Year built

1999

Lot size

0.87 lot acres

Property size

6,489 SF

Property type

Office buildings

APN

0198-0010-131

APU

1980010131

Description

This freestanding, 6,058-square-foot office building, located at 2618 Broadway St, Pearland, TX 77581, presents a compelling investment opportunity. The property is currently 100% occupied by Gallagher Insurance, a globally recognized insurance brokerage firm, under a single-tenant lease expiring April 30, 2027 (approximately 2.4 years remaining). Gallagher has demonstrated significant commitment, extending their lease twice since acquiring the space in 2016 and completing an interior remodel in 2022. The building, constructed in 1999, sits on a 0.87-acre lot zoned for general commercial use, offering potential for future expansion. Its strategic location in Southeast Houston, near major transportation arteries like the Gulf Freeway and prominent retailers (HEB, Lowe's, Walmart), ensures high visibility and traffic counts (E Broadway St averages 28,495 vehicles per day). The area's robust growth is evidenced by a 17.86% population increase within a 3-mile radius from 2023-2024. This property benefits from its proximity to key regional assets including NASA, the Port of Houston, and the Texas Medical Center. The lease includes two options for renewal. This is a rare opportunity to acquire a well-located, stable investment property with a strong, long-term tenant in a rapidly growing market.

Location Insight

City

Pearland

County

Brazoria

State

Texas

Longitude

-95.2584

Latitude

29.5533

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments