2618 Broadway StPearland, TX 77581

For Sale
Call for price

6,058 SF, 100% Occupied, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
92
This freestanding, 6,058-square-foot office building, located at 2618 Broadway St, Pearland, TX 77581, presents a compelling investment opportunity. The property is currently 100% occupied by Gallagher Insurance, a globally recognized insurance brokerage firm, under a single-tenant lease expiring April 30, 2027 (approximately 2.4 years remaining). Gallagher has demonstrated significant commitment, extending their lease twice since acquiring the space in 2016 and completing an interior remodel in 2022. The building, constructed in 1999, sits on a 0.87-acre lot zoned for general commercial use, offering potential for future expansion. Its strategic location in Southeast Houston, near major transportation arteries like the Gulf Freeway and prominent retailers (HEB, Lowe's, Walmart), ensures high visibility and traffic counts (E Broadway St averages 28,495 vehicles per day). The area's robust growth is evidenced by a 17.86% population increase within a 3-mile radius from 2023-2024. This property benefits from its proximity to key regional assets including NASA, the Port of Houston, and the Texas Medical Center. The lease includes two options for renewal. This is a rare opportunity to acquire a well-located, stable investment property with a strong, long-term tenant in a rapidly growing market.

Highlights

  • 6,058 SF freestanding medical/retail/office building in Pearland, TX, fully occupied by Gallagher Insurance.
  • Lease expires 4/30/2027 (2.4 years remaining); two lease options available.
  • Strong tenant: Gallagher Insurance, a leading global firm, recently completed interior renovations and extended their lease twice.
  • Excellent location: High traffic counts (28,495 VPD on E Broadway St), near major retailers (HEB, Lowe's, Walmart), and significant transportation arteries.
  • 0.87-acre lot with potential for future expansion. Located in a high-growth area of Southeast Houston, near NASA and the Port of Houston.

Property Details for 2618 Broadway St

Property type
Other retail properties, Individual retail properties
Square Feet
6,058 SF
Year Built
1999
Buildings
1
Lot Size (sq. ft)
37,897 SF

Location Insight

City
Pearland
County
Brazoria
State
Texas
Latitude
29.553674774707
Longitude
-95.25809737159
2618 Broadway St, Pearland, Texas

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2618 Broadway St
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