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Restaurant

Crafty Crab

11104 Broadway St, Pearland, TX 77584

Listing Price: $4,999,990

Cap Rate
4.70%
Tenant Name
Crafty Crab Pearland, Inc., a Texas Corporation
Years Remaining On Lease
13.7
Gross SF
7,031
Guarantor
Personal Guarantee
Rentable SF
7,031
Price/Gross SF
$711.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.42

Investment Overview

Crafty Crab offers fresh, New Orleans-style seafood and authentic recipes in a charming and welcoming Southern atmosphere. Each meal features delicious, home-style seafood with generous portions. A wide variety of seafood dishes are available on the menu, including crab, crawfish, calamari, lobster, and oysters. The signature New Orleans Style low country boil is a favorite among seafood lovers, featuring a large portion of fresh seafood with flavorful, spicy seasonings. Situated within the Houston-The Woodlands-Sugar Land Metropolitan Area, Pearland is one of the fastest growing cities in the Houston region and Texas as a whole. Affordable housing, outstanding schools, safe neighborhoods, and a high quality of life has led to the tremendous growth in Pearland. With millions of square feet of retail, office, and residential construction completed in the past ten years, Pearland is on its way to becoming the next major employment center in the Houston region. Its close proximity to Houston allows residents and visitors alike to enjoy all the city has to offer, including professional sports, world-class cultural amenities, and recreation.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with 14 Years Remaining
  • INVESTOR FRIENDLY WITH FULL DEPRECIATION - FEE SIMPLE OWNERSHIP
  • Property Built to Withstand CATEGORY 5 HURRICANE
  • 2 Percent Annual Increases Starting in 2024
  • 163,097 Residents within a Five-Mile Radius - Houston MSA
  • Households & Population Projected to Increase 22-24 Percent + within the Immediate Area by 2025 - Pearland is One of the Fastest Growing Cities in Texas
  • Excellent Visibility Along Broadway Street - 48,700+ Cars per Day
  • Situated at the Entrance to Pearland Town Center with 100+ Stores and Restaurants

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

Crafty Crab

Listing Price: $4,999,990

Cap Rate
4.70%
Tenant Name
Crafty Crab Pearland, Inc., a Texas Corporation
Years Remaining On Lease
13.7
Gross SF
7,031
Guarantor
Personal Guarantee
Rentable SF
7,031
Price/Gross SF
$711.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.42

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with 14 Years Remaining
  • INVESTOR FRIENDLY WITH FULL DEPRECIATION - FEE SIMPLE OWNERSHIP
  • Property Built to Withstand CATEGORY 5 HURRICANE
  • 2 Percent Annual Increases Starting in 2024
  • 163,097 Residents within a Five-Mile Radius - Houston MSA
  • Households & Population Projected to Increase 22-24 Percent + within the Immediate Area by 2025 - Pearland is One of the Fastest Growing Cities in Texas
  • Excellent Visibility Along Broadway Street - 48,700+ Cars per Day
  • Situated at the Entrance to Pearland Town Center with 100+ Stores and Restaurants

Investment Overview

Crafty Crab offers fresh, New Orleans-style seafood and authentic recipes in a charming and welcoming Southern atmosphere. Each meal features delicious, home-style seafood with generous portions. A wide variety of seafood dishes are available on the menu, including crab, crawfish, calamari, lobster, and oysters. The signature New Orleans Style low country boil is a favorite among seafood lovers, featuring a large portion of fresh seafood with flavorful, spicy seasonings. Situated within the Houston-The Woodlands-Sugar Land Metropolitan Area, Pearland is one of the fastest growing cities in the Houston region and Texas as a whole. Affordable housing, outstanding schools, safe neighborhoods, and a high quality of life has led to the tremendous growth in Pearland. With millions of square feet of retail, office, and residential construction completed in the past ten years, Pearland is on its way to becoming the next major employment center in the Houston region. Its close proximity to Houston allows residents and visitors alike to enjoy all the city has to offer, including professional sports, world-class cultural amenities, and recreation.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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