8805 Broadway St | Pearland, TX 77584
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8805 Broadway St
Pearland, TX 77584
Chipotle · Retail Property For Sale
Investment Highlights
- New 15-year absolute NNN lease to a leading national QSR tenant
- No landlord responsibilities, providing a truly passive investment opportunity
- Ranked on the Fortune 500 and recognized as one of Fortune’s Most Admired Companies and Time Magazine’s Most Influential Companies of 2024
- 10% rental increases every five (5) years in initial term and option periods, providing a passive long term income generator
- Chipotle is the only large restaurant company that owns and operates all its restaurants, with over 3,000 locations globally
- Prominent location with visibility to over 33,000 vehicles per day on Broadway St
Executive Summary
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,377 SF
Building Class
B
Year Built
2024
Price
$3,445,000
Price Per SF
$1,449
Cap Rate
4.50%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.90 AC
Parking
31 Spaces (13.04 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
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