1416 Broadway Street

  • Priced Below Replacement Cost: High-quality construction; immaculate medical/professional office building with high-end tenant improvements priced below replacement cost.
  • 100% Occupancy: 100% occupied building with flexible leaseback component making it attractive to both users and investors.
  • Solid Surrounding Tenants: Surrounding tenants include Home Depot, Walmart, Chick-fil-A, Starbucks, Walgreens, Raising Cane’s, Jack in The Box and Taco Bell, along with many other local and regional tenants.
  • Excellent Demos: The subject property features a population of 67,000 residents and an average household income of $120,000. The population has increased over 10% from 2010 and is expected to increase another 7% until 2025.
  • NNN Lease Structure: Future owner will benefit from a passive investment as both leases allow for full reimbursement including management fees.
Location:
1416 Broadway Street
City:
Pearland
Broker:
David Luther | 281.477.4373 | dluther@newquest.com
Rick Ragan | 281.477.4309 | rragan@newquest.com