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Restaurant

Brand New McDonald's w/ Dr-Thru | Houston | Across Target Anchored Center | 20 Yr NNN Ground Lease

10515 Pearland Pkwy, Houston, TX 77075

Listing Price: $2,625,000

Cap Rate
4.00%
Tenant Name
McDonald's
Years Remaining On Lease
19.9
Gross SF
4,285
Guarantor
Corporate Guarantee
Rentable SF
4,285
Price/Gross SF
$612.60
Lease Type
NNN Ground Lease
Rent Per Square Feet
$24.50

Investment Overview

The subject property is strategically positioned within Pearland, one of the fastest-growing and most desirable suburban markets in the Houston metropolitan area. Located approximately 15 miles south of Downtown Houston, Pearland benefits from its proximity to major employment hubs such as the Texas Medical Center, NASA Johnson Space Center, Port of Houston, and William P. Hobby Airport — all driving steady daytime population and long-term economic stability.

Over the past decade, Pearland has experienced explosive residential and commercial expansion fueled by strong job creation, exceptional schools, and sustained infrastructure investment. The area’s population exceeds 145,000 within five miles, with average household incomes surpassing $115,000, reflecting an affluent, family-oriented community with high purchasing power and discretionary spending.

The property sits along Pearland Parkway, a primary north-south corridor connecting Beltway 8 to Friendswood, surrounded by national retailers, grocery anchors, and daily-needs services including Kroger, H-E-B, Target, Home Depot, and Walmart. Just minutes away, Pearland Town Center and Baybrook Mall serve as major regional shopping and lifestyle destinations attracting millions of annual visitors.

Education and healthcare form core pillars of the local economy, with San Jacinto College South, Kelsey-Seybold Clinic, HCA Houston Healthcare Pearland, and Memorial Hermann Southeast Hospital among the area’s top employers. The nearby Clear Creek and Pasadena Independent School Districts provide top-rated public schools, reinforcing the area’s strong residential appeal.

Pearland continues to benefit from major infrastructure improvements and master-planned community development, including Riverstone Ranch and Lakes at Highland Glen. Combined with Houston’s pro-business environment and absence of state income tax, Pearland remains one of the most dynamic and stable submarkets in Texas—offering investors exceptional long-term growth, demographic strength, and sustained real estate fundamentals.

Investment Highlights

  • 20 Year Absolute Net Ground Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. New High Quality Construction w/ Dual Drive-Thru.
  • McDonald's (NYSE: MCD) is Ranked #165 on the Fortune 500 List, Features Investment Grade Credit Rating "BBB+" by S&P's and has an Annual Revenue Exceeding $25.92 Billion.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $95k within a 3-Mile Radius and over 236k People Residing within a 5-Mile Radius.
  • Prime Signalized Hard Corner Location along Pearland Parkway – Situated at a Major Lighted Intersection with Full Access, Excellent Visibility, and Strong Daily Combined Traffic Counts Exceeding 42k Vehicles Per Day.
  • Part of Houston's Expanding Southeast Growth Corridor – Pearland and Southeast Houston are Among the Metro's Top Submarkets for New Retail, Medical, and Industrial Development with Sustained Job Growth.
  • Immediate Access to/from Beltway 8 / Sam Houston Tollway (85k+ VPD) and Near Interstate 45 – Easy Regional Access to Major Houston Employment Centers, the Port of Houston, and Hobby Airport via Sam Houston Tollway and Nearby I-45.
  • Near Numerous National Retailers and Restaurants including Target, Burlington, H-E-B, Tractor Supply Co., Walmart Supercenter, Starbucks, Whataburger, Chick-fil-A, 7-Eleven and many more.
  • Proximity to Multiple Master-Planned Communities – within Minutes of Lakes at Highland Glen, Riverstone Ranch, and Southfork, all featuring Strong Home Sales and New Housing Permits Year-Over-Year.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • David Kern

    Managing Director Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

Brand New McDonald's w/ Dr-Thru | Houston | Across Target Anchored Center | 20 Yr NNN Ground Lease

Listing Price: $2,625,000

Cap Rate
4.00%
Tenant Name
McDonald's
Years Remaining On Lease
19.9
Gross SF
4,285
Guarantor
Corporate Guarantee
Rentable SF
4,285
Price/Gross SF
$612.60
Lease Type
NNN Ground Lease
Rent Per Square Feet
$24.50

Investment Highlights

  • 20 Year Absolute Net Ground Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. New High Quality Construction w/ Dual Drive-Thru.
  • McDonald's (NYSE: MCD) is Ranked #165 on the Fortune 500 List, Features Investment Grade Credit Rating "BBB+" by S&P's and has an Annual Revenue Exceeding $25.92 Billion.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $95k within a 3-Mile Radius and over 236k People Residing within a 5-Mile Radius.
  • Prime Signalized Hard Corner Location along Pearland Parkway – Situated at a Major Lighted Intersection with Full Access, Excellent Visibility, and Strong Daily Combined Traffic Counts Exceeding 42k Vehicles Per Day.
  • Part of Houston's Expanding Southeast Growth Corridor – Pearland and Southeast Houston are Among the Metro's Top Submarkets for New Retail, Medical, and Industrial Development with Sustained Job Growth.
  • Immediate Access to/from Beltway 8 / Sam Houston Tollway (85k+ VPD) and Near Interstate 45 – Easy Regional Access to Major Houston Employment Centers, the Port of Houston, and Hobby Airport via Sam Houston Tollway and Nearby I-45.
  • Near Numerous National Retailers and Restaurants including Target, Burlington, H-E-B, Tractor Supply Co., Walmart Supercenter, Starbucks, Whataburger, Chick-fil-A, 7-Eleven and many more.
  • Proximity to Multiple Master-Planned Communities – within Minutes of Lakes at Highland Glen, Riverstone Ranch, and Southfork, all featuring Strong Home Sales and New Housing Permits Year-Over-Year.

Investment Overview

The subject property is strategically positioned within Pearland, one of the fastest-growing and most desirable suburban markets in the Houston metropolitan area. Located approximately 15 miles south of Downtown Houston, Pearland benefits from its proximity to major employment hubs such as the Texas Medical Center, NASA Johnson Space Center, Port of Houston, and William P. Hobby Airport — all driving steady daytime population and long-term economic stability. Over the past decade, Pearland has experienced explosive residential and commercial expansion fueled by strong job creation, exceptional schools, and sustained infrastructure investment. The area’s population exceeds 145,000 within five miles, with average household incomes surpassing $115,000, reflecting an affluent, family-oriented community with high purchasing power and discretionary spending. The property sits along Pearland Parkway, a primary north-south corridor connecting Beltway 8 to Friendswood, surrounded by national retailers, grocery anchors, and daily-needs services including Kroger, H-E-B, Target, Home Depot, and Walmart. Just minutes away, Pearland Town Center and Baybrook Mall serve as major regional shopping and lifestyle destinations attracting millions of annual visitors. Education and healthcare form core pillars of the local economy, with San Jacinto College South, Kelsey-Seybold Clinic, HCA Houston Healthcare Pearland, and Memorial Hermann Southeast Hospital among the area’s top employers. The nearby Clear Creek and Pasadena Independent School Districts provide top-rated public schools, reinforcing the area’s strong residential appeal. Pearland continues to benefit from major infrastructure improvements and master-planned community development, including Riverstone Ranch and Lakes at Highland Glen. Combined with Houston’s pro-business environment and absence of state income tax, Pearland remains one of the most dynamic and stable submarkets in Texas—offering investors exceptional long-term growth, demographic strength, and sustained real estate fundamentals.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • David Kern

    Managing Director Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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