Sprouts- Pearland, Texas
2718 Old Chocolate Bayou Road
Actual Location
Exterior
Interior
INVESTMENT HIGHLIGHTS:
- 15-Year Lease commenced September, 2015
- Corporate lease guarantee
- Rental increases every 5 years of $1/SF
- Rare opportunity to own a freestanding, newly-constructed Sprouts Farmers Market in the highly desirable Houston submarket of Pearland, Texas
- Pearland is the third largest and fastest growing city in the Houston MSA and the second fastest growing city in the state of Texas
| SALE PRICE | $9,850,000 ($351.79 /SQFT) |
| SALE TYPE | INVESTMENT |
| TENANT | YES |
| BLDG TYPE | SINGLE-TENANT |
| CLASS | C |
| STATUS | EXISTING |
| YEAR BUILT | 2015 |
| STORIES | 1 |
| CAP RATE | 5.40% |
| TOTAL AVAIL | 28,000 SQFT |
| RBA | 28,000 SQFT |
| LAND AREA | 4.02 ACRES |
| COMMISSION | 2% CO-OP |