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Restaurant

Crafty Crab

11104 Broadway St, Pearland, TX 77584

Listing Price: $4,950,000

Cap Rate
4.75%
Tenant Name
Crafty Crab Pearland, Inc.
Years Remaining On Lease
14.5
Gross SF
7,031
Guarantor
Personal Guarantee
Rentable SF
7,031
Price/Gross SF
$704.03
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. Founded in 2016, the first Crafty Crab location opened in West Melbourne, Florida. Today, there are 48 franchised locations, primarily in Florida and along the East Coast. The company is experiencing rapid growth and expansion, with 21 new locations coming soon throughout Alabama, Florida, Illinois, Maryland, Michigan, Ohio, Texas, Virginia, and Wisconsin. 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.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease
  • INVESTOR FRIENDLY WITH FULL DEPRECIATION - FEE SIMPLE OWNERSHIP
  • Property Built to Withstand CATEGORY 5 HURRICANE
  • 2% Annual Increases Starting in 2024
  • 163,097 Residents within a 5-Mile Radius - Houston MSA
  • Households & Population Projected to Increase 22-24%+ within the Immediate Area by 2025 - Pearland is One of the Fastest Growing Cities in Texas
  • Excellent Visibility Along Broadway Street - 48,700+ Cars/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

Listing Price: $4,950,000

Cap Rate
4.75%
Tenant Name
Crafty Crab Pearland, Inc.
Years Remaining On Lease
14.5
Gross SF
7,031
Guarantor
Personal Guarantee
Rentable SF
7,031
Price/Gross SF
$704.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.42

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease
  • INVESTOR FRIENDLY WITH FULL DEPRECIATION - FEE SIMPLE OWNERSHIP
  • Property Built to Withstand CATEGORY 5 HURRICANE
  • 2% Annual Increases Starting in 2024
  • 163,097 Residents within a 5-Mile Radius - Houston MSA
  • Households & Population Projected to Increase 22-24%+ within the Immediate Area by 2025 - Pearland is One of the Fastest Growing Cities in Texas
  • Excellent Visibility Along Broadway Street - 48,700+ Cars/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. Founded in 2016, the first Crafty Crab location opened in West Melbourne, Florida. Today, there are 48 franchised locations, primarily in Florida and along the East Coast. The company is experiencing rapid growth and expansion, with 21 new locations coming soon throughout Alabama, Florida, Illinois, Maryland, Michigan, Ohio, Texas, Virginia, and Wisconsin. 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.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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