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SHADOW CREEK MARKETPLACE
TEXAS HIGHWAY 288 AND SHADOW CREEK PARKWAY
PEARLAND, TEXAS
Sales Price: $15,150,000
NOI: $1,136,509
Cap Rate: 7.5%
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Grocery shadow-anchored by a 100,000-square foot Kroger Signature; Kroger's site provides for a store expansion to the 123,000 square foot Kroger Marketplace format |
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Significant tenant draw from state-of-the-art Kroger Grocery, in-store and pad-located financial institutions, soft goods retailers and best in class national small shop tenants |
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High quality tenancy with over 59% of the leased space and 52% of the revenue stream derived from national or credit tenants |
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Class A construction with improvements completed in 2009 |
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Shadow Creek Marketplace is the primary retail facility on Shadow Creek Parkway, located at the dominant intersection of Hwy. 288 (primary Pearland traffic arterial) and Shadow Creek Parkway |
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Pearland is the fastest growing city in the Houston region and on its way to becoming the next major employment center in the Houston region |
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Located 20 minutes from Houston's largest employer and the largest medical center in the world, the Texas Medical Center |
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Growing local economy attributable to abundant jobs, low cost of living and affordable housing |
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Available for new market-rate financing |
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