3000 Kirby DrPearland, TX 77584

For Sale
Call for price

108,403 SF At Home, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple interest in a 108,403-square-foot At Home store located at 3000 Kirby Dr, Pearland, TX 77584, within the Houston MSA. The property, built in 2017, sits on a substantial 9.29-acre lot and features a single-tenant, absolute NNN lease with a corporate guarantee. The lease, commencing July 1, 2017, has a remaining term of approximately 10.6 years, extending to June 30, 2035, with annual rent bumps of 2.00%. Four five-year lease options are included. The property is 100% occupied and benefits from its location across from Pearland Town Center, a thriving mixed-use development attracting nearly 6 million visitors annually. The area boasts significant growth, with a 66% population increase within a 3-mile radius since 2010, and 445,000 square feet of new commercial space delivered within a 1-mile radius since 2021. Highway 288, with an average daily traffic volume of 80,000 vehicles, provides excellent accessibility. This offering presents a strong cash flow with minimal landlord responsibilities and significant future development potential. The property is classified as Class B and is a single-story building. The average household income within a 1-mile radius is $163,000.

Highlights

  • High-traffic location directly across from Pearland Town Center, a major mixed-use development with over 6 million annual visitors.
  • Excellent highway access via Highway 288 (80,000 vehicles per day).
  • Investment-grade, absolute NNN lease with 10.5 years remaining and 2% annual rent increases.
  • Strong population growth: 66% increase within a 3-mile radius since 2010.
  • High average household income: $163,000 within 1 mile.
  • Significant recent commercial development: 445,000 square feet delivered within 1 mile since 2021.

Property Details for 3000 Kirby Dr

Property type
Other retail properties, Individual retail properties
Square Feet
108,403 SF
Class
B
Year Built
2017
Buildings
1
Stories
1
Lot Size (sq. ft)
404,672 SF
Units
1

Location Insight

City
Pearland
County
Brazoria
State
Texas
Latitude
29.553978
Longitude
-95.4000404
3000 Kirby Dr, Pearland, Texas

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3000 Kirby Dr
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