8805 Broadway St - Fast Food FOR SALE


Pearland, TX 77584
$3,445,000 USD
415-481-0788
8805 Broadway St, Pearland, TX for Sale
$3,445,000 USD
Fast Food - FOR SALE
1/7
null | 4.5% Cap Rate

8805 Broadway St
Pearland, TX 77584


HIGHLIGHTS

  • New 15-year absolute NNN lease to a leading national QSR tenant
  • 10% rental increases every five (5) years in initial term and option periods, providing a passive long term income generator
  • No landlord responsibilities, providing a truly passive investment opportunity
  • Chipotle is the only large restaurant company that owns and operates all its restaurants, with over 3,000 locations globally
  • Ranked on the Fortune 500 and recognized as one of Fortune’s Most Admired Companies and Time Magazine’s Most Influential Companies of 2024
  • Prominent location with visibility to over 33,000 vehicles per day on Broadway St

OVERVIEW

This Chipotle is located along the highly trafficked Broadway St, which experiences over 32,000 vehicles per day, providing excellent visibility and easy access for customers. Situated in the heart of Pearland, the property is surrounded by major retail destinations like Pearland Town Center and top national brands, offering a steady flow of customers. The site is minutes from Shadow Creek High School, Pearland High School, and Memorial Hermann Pearland Hospital, creating a strong customer base of local residents and professionals. The population within a five-mile radius is projected to grow by nearly 10,000 by 2029, reflecting the rapid expansion of Pearland as one of the Houston metro area’s most desirable suburbs. The average annual household income within a three-mile radius is $141,386, with a median household income of $109,562, illustrating the strong economic profile of the surrounding community. Over 70,000 residents live within a three-mile radius of the property, with a projected population of 177,848 within five miles by 2029, ensuring sustained growth and demand. Pearland is located just 17 miles south of downtown Houston, the fourth-largest city in the United States, benefiting from the economic strength and population density of the Houston MSA, home to over 7 million people.

FOR SALE DETAILS

PRICE

$3,445,000 USD

PRICE/SF

$1,449 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,000 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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Michael YurasCushman & WakefieldMore Info
415-481-0788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.