Cove Pearland Business Park Opportunity 76 DST
Pearland, TX
| Asset Class: | Multi-Tenant |
| Leverage: | 0% - All-Cash/Debt-Free |
| Location(s): | Pearland, TX |
| Minimum Investment: | $25,000 |
| Current Distribution: | Monthly/Inquire |
| Offering Type: | DST |
| 1031 Exchange Qualified: | Yes |
Property Description
Cove Pearland Business Park Opportunity 76 DST is a 39,597 square foot mixed-used center sitting on 2.47 acres of land, newly renovated in 2021. The center is 98% occupied by synergistic mix of E-commerce resistant tenants made up of three separate buildings. Located in one of Houston’s most affluent suburbs, Pearland, TX was ranked as 3rd fastest-growing economy in the U.S and second-fastest growing city in Texas. The offering is an all-cash/debt-free DST investment with no risk of a lender foreclosure. In addition, all-cash/ debt-free DSTs eliminate the risk of taking on equal or greater debt in future 1031 exchanges. This provides flexibility to hold through any potential market downturns, credit crunches, recessions and/or depressions.
MSA Details
As the fastest growing city in the Houston region, Pearland has everything your company needs to be successful. Affordable housing, outstanding schools, safe neighborhoods and superb quality of life has led to tremendous growth in Pearland. With millions of square feet of retail, office and residential construction completed in the past 10 years, Pearland is on its way to becoming the next major employment center in the Houston region. Our close proximity to Houston, just a short 20 minute drive to downtown, allows you to experience all the city has to offer including professional sports, world-class cultural amenities and recreation.
Property Highlights
- New renovations totaling more than $1,045,000
- 100% NNN Leased and above average annual rental escalations for all tenants
- Approximately 400 linear feet of frontage along Broadway Street, giving it exposure to 26,000 vehicles per day
- Pearland is situated 8 miles South of Texas Medical Center, the World's Largest Medical Complex
Source: Brochure
The market information provided above may not predict the future performance of the property.
*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.
