3569 BUSINESS CENTER DR Pearland TX 77584-1911

The NewQuest Investment Sales Division is pleased to exclusively present Pearland Medical Place. The 22,434 square foot property is located off TX-288 in Pearland, Texas and shadow-anchored to the Pearland Costco Wholesale. Pearland has been named the 8th fastest growing city in the United States with rapid growth of over 9% in the past two years. The area also boasts an average household income of over $132,000 within 3 miles. This development was recently completed in 2021 and consists of a high-end construction and buildout with $1,100,000 spent on tenant improvements and over $3,000,000 on the structure. The center is fully occupied with a weighted average lease term of almost 7 years. All of the leases are NNN which provide for minimal landlord responsibilities and have 3% annual rent increases to hedge inflation. Please contact NewQuest for further information about pricing.

• Medical Tenant Lineup: 88% of the center is medical oriented with a wide range of service lines and strong credit guarantees.

• Excellent visibility: Site plan offers freeway visibility with 97,358 VPD on 288 with drive thru capability.

• Prime Location: Located right off TX-288 in Pearland which is the 8th fastest growing city in the United States.

• Strong Demographics: In a 5-mile radius, the area has a current population of 157,299; within 3 miles, the average household income is $133,288; and the area has seen growth of over 9% in the last 2 years.

• Costco Wholesale Shadow-Anchored: The subject property is adjacent to the Pearland Costco Wholesale.

• Annual Rent Increases: All Leases in the Center are NNN and feature 3% annual rent bumps to hedge inflation.

• Outstanding WALT: The weighted average lease term for the center is almost 7 years which provides for a strong passive investment.

• Retail Corridor: Costco Wholesale, Chick-fil-A, Target, Kohl’s, Dick’s, Macy’s, H&M, Dillard’s, Barnes & Noble, At Home, Walmart, H-E-B, Ross, PetSmart, Michael’s, Ulta Beauty, Five Below, Office Depot, Ford, Old Navy, Ashley Homestore, Academy Sports & Outdoors, Burlington, Best Buy, Home Goods, and many more.