Sunrise Lake at Broadway
9223 Broadway Street, Pearland, TX, 77584, US
6,932 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant, new construction P.F. Chang’s located at 2608 Bob Bullock Loop in Laredo, Texas (“Property” or “Asset”). P.F. Chang’s is operating on a corporate absolute NNN ground lease lease with ±14.1 years of primary lease term remaining with 10% rent escalations every 5 years and four, five-year renewal options. This P.F. Chang’s asset is the brand’s first location in Laredo and the only P.F. Chang’s location for nearly 200 miles.
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Attributes
Asking price
€4,664,000
Cap rate
6%
NOI
€280,000
WAULT
14.1 years
Building area net
566 sm
Year built
2025
Land area gross
0.75 ha
Media
Investment highlights
- 15.0-year absolute NNN corporate ground lease with zero landlord responsibilities
- Only P.F. Chang's location in more than 200+ miles
- Adjacent to Independence Plaza, the #1 most visited shopping center within a 50-mile radius
- Strong demand characteristics driven by 1-mile AHHI of $122K with 98% population growth since 2010
- Within larger retail development with 13 pad sites
- Positioned on high traffic outer loop with direct visibility to 38,000 VPD
- P.F. Chang's is ranked as the #22 casual dining chain by sales & units (FSR 30)
Contact brokers
P.F. Chang's - Laredo, TX (0 Properties)
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Last updated
Feb 18, 2026
