Longwood Crossing | 1427 Broadway St
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Longwood Crossing 1427 Broadway St
5,226 SF 67% Leased Retail Building Pearland, TX 77581 $3,500,000 ($670/SF) 6.75% Cap Rate
Executive Summary
Longwood Crossing is an attractive 5,226 square foot Retail Center built in 2017. Located at East Broadway and Longwood Drive, the center is comprised of three suites: Starbucks, Havana Nails, and the available 1,740 square feet.
The center sits one block east of the major intersection of East Broadway (FM 518) and Dixie Farm Road. Tenants adjacent to Longwood Crossing include Walgreens, Home Depot, Walmart Supercenter, Chik-fil-A, Taco Bell, and many other national brands.
Longwood Crossing is equidistant between two thriving trade areas: Pearland, TX and Friendswood, TX. It is on the “going-to-work” side of the street for Friendswood traffic, and connects to the Gulf Freeway
(I-45 S) in minutes. The location of this real estate is prime.
The center sits one block east of the major intersection of East Broadway (FM 518) and Dixie Farm Road. Tenants adjacent to Longwood Crossing include Walgreens, Home Depot, Walmart Supercenter, Chik-fil-A, Taco Bell, and many other national brands.
Longwood Crossing is equidistant between two thriving trade areas: Pearland, TX and Friendswood, TX. It is on the “going-to-work” side of the street for Friendswood traffic, and connects to the Gulf Freeway
(I-45 S) in minutes. The location of this real estate is prime.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,226 SF
Building Class
C
Year Built
2017
Price
$3,500,000
Price Per SF
$670
Cap Rate
6.75%
NOI
$236,209
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.83 AC
Parking
41 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
374 FT on Broadway St
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- C
- 1,740 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| C | 1,740 SF | Retail | - | Now |
C
| Size |
| 1,740 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1105-0000-001 | Improvements Assessment | $1,306,930 |
| Land Assessment | $188,280 | Total Assessment | $1,495,210 |
PROPERTY TAXES
Parcel Number
1105-0000-001
Land Assessment
$188,280
Improvements Assessment
$1,306,930
Total Assessment
$1,495,210
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Longwood Crossing | 1427 Broadway St
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