The Shops at Reflection Bay

For Sale

NNN Leased Retail Center

2000 Reflection Bay Drive | Pearland, TX

Sales Price: $6,464,300
NOI: $452,501
Cap Rate: 7.00%
Occupancy: 100%

Investment Overview

OLDHAM GOODWIN is pleased to present the Shops at Reflection Bay for your consideration. The property is located at the corner of the entrance to Shadow Creek, an affluent 7,000 home master-planned community in Pearland, TX. Shops at Reflection Bay boasts an ideal retail site to serve the densely populated rooftops, strong visibility at the hard corner of heavily trafficked Shadow Creek Parkway and Reflection Bay Drive, and ease of access to both SH 288 and Beltway 8, the 2 major thoroughfares serving Pearland.

Property Highlights

Located in the premier master planned Shadow Creek Ranch community surrounded by a dense neighborhood rooftop population with strong income demographics

Location is optimal at the lighted intersection of two main thoroughfares in Shadow Creek Ranch with traffic counts over 32,000 VPD and only 1.23 miles from Highway 288

Pearland is considered the eighth fastest growing city in America and the third fastest in the Houston MSA

Located within the 564-acre commercial core of Shadow Creek Ranch with projected 5,000+ local jobs and close to major retail anchors.

Supported by active urban planning and investment under Pearland Prosperity and PEDC strategic initiatives.

Fully Occupied

All in-place tenants have 3% annual increases

Nearly four year weighted average lease term

Service and soft goods based synergistic tenancy

All tenants on NNN leases

TPO roof 25-year no dollar limit warranty through 2047

Tenant installed & maintained HVAC