Investment Overview

The Center at Ridge Rock is a 100 percent occupied, 47,385-square-foot, multi-tenant retail center located in Pearland, Texas. Comprised of two adjacent buildings, tenants are a complementary mix of internet-resistant, service-oriented restaurants and businesses, including Italiano's Restaurant, Jamburritos Cajun Grille, Tuscan Villa Nails & Spa, Alpha Dessert Juice Cafe, NLX Lash Studio, Wheelhouse Media Company, TC Cleaners, Lotus Seafood at Broadway, Elite Chiro Group, Kid 'N Play Indoor Playground, Broadway Learning Center dba Pearland Kids Club, and Athletic & Performing Arts Center. All leases are on triple-net terms. Constructed in 2017, the buildings are situated on a large 5.4-acre parcel with ample concrete parking. Italiano's suite features a patio area for outdoor dining. The subject property is in a prime location, positioned near the signalized intersection of Broadway Street and Kirby Drive with close access to State Highway 288, a major thoroughfare that connects Downtown Houston and Brazoria County. Traffic counts in front of the property on Broadway Street are approximately 36,127 vehicles per day. Shadow Creek High School is located directly behind the property, with current enrollment of more than 2,575 students. The center is located in a dense retail trade area, neighbored by numerous national and regional tenants including a top-ranking ALDI and close proximity to Pearland Town Center, a regional shopping mall developed with a "lifestyle center" concept. Pearland Town Center features prime retailers such as Dillard's, Macy's, Barnes & Noble, Dick's Sporting Goods, BJ's Brewhouse, H&M, Red Robin, and other stores, as well as a Courtyard by Marriott hotel, office space, an HCA Healthcare Training Center, luxury apartments, a 25-acre lake, adjacent walking trails, and more. Other nearby retailers include H-E-B, Five Below, TJ Maxx, Ross Dress For Less, Rack Room Shoes, Petco, Academy, Hobby Lobby, Ashley Furniture, Burlington, Target, and many more. The surrounding area benefits from excellent demographics, serving a population of more than 189,950 residents within a five-mile radius. The average household income is $165,714 within a one-mile radius.