NewQuest Properties is pleased to present the opportunity to acquire a rare 15-year corporate Chick Fil A ground lease to qualified investors. The Chick Fil A is located in Pearland, Texas off of HWY 288 on Shadow Creek Parkway and Kirby Drive, and is expected to open in December 2017. Located within the master-planned community of Shadow Creek Ranch. Shadow Creek Ranch is a 3,500 acre master planned development, located in Pearland, TX less than 15 minute from the Texas Medical Center and 20 minutes from downtown Houston. Shadow Creek Ranch is the Houston area’s fastest selling new master-planned community boasting over 700 acres of greenbelts, community parks and 300 acres of glistening lakes, It is also home to a large and growing medical community, including a 144,000 SF HCA hospital, a 250,000 SF Memorial Hermann Hospital, a Kelsey Seybold System 170,000 SF corporate campus with 1,200 employees, a 55,000 SF Kelsey Seybold medical office complex and a 49,000 SF HealthSouth Hospital under development. The immediate trade area boasts over 10,000 recently completed residential lots, four million feet of retail and 600,000 residents. This development combines the finest in office, retail, residential and hospitality uses in a single location; creating a vibrant sense of community and enhanced lifestyle for residents, users and shoppers alike.
Purchase Price: $2,467,500.00 | 3.85% Cap Rate