Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2010
Building Area
Land Area ()

Property Description

Located on the hard corner of one of Pearland’s most exciting master planned community developments, the Shops at Boulder Creek is a neighborhood retail center with national tenants and robust NOI growth. The Beltway 8 and Pearland Parkway intersection boasts a trade area of over 245,000 people and has experienced a population growth of over 30% in the last decade. Proximate to some of Houston’s top demand drivers including Texas Medical Center, the Port of Houston, and NASA, the Shops at Boulder Creek’s location in Pearland is unparalleled.

Investment Highlights

  • Houston MSA perennial outperformer; well positioned to continue as Pearland has been the third largest and fastest growing city in the Houston MSA since 2000


  • Heavy traffic intersection with access and visibility to over 80,000 vehicles per day along Pearland Parkway and Beltway 8


  • Active retail corridor including Target, Burlington, Chick-Fil-A, Whataburger, Starbucks, Spec’s, Sonic, and Jack-in-the-Box


  • Average household income of $90,000 in a 1-mile radius contributes to affluent trade area demographics w/ 3% annual population growth since 2010


  • Master-planned development featuring multi-family, office space, medical, and top-tier retail with high quality-of-life and ‘Best-in-Class’ public school system


  • 95% leased with 7.3% below market rents including Brewingz pad site


Last Updated Date: 02 Nov 2020
Ryan West
Ryan West
Senior Managing Director, Capital Markets
License details
TX-478560
John Indelli
John Indelli
Director, Capital Markets
License details
TX-696391

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Last Updated Date: 02 Nov 2020

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