11414 Broadway Boulevard

 

NNN lease expiring October 30, 2019, with annual net operating income of $144,000 over next five years, increasing to $165,500 in years 6-10.  Lease has two 5-year renewal options with increases.  3,600 sf of retail space on 0.44 (19,166 sf) of land.

 

Vitamin Shoppe operates more than 400 stores in 37 states, recently having gone public with a market value of $700 million. The stores sell various vitamins, minerals, nutritional supplements, herbs, sports nutrition formulas, homeopathic remedies and other beauty remedies.  Located on the ring road of the new CBL Pearland Town Center in a Southern suburb of Houston, Texas.  Pearland Town Center is a 1.2 million square foot mixed-use development with 750,000 square feet of retail space, 300 residential units, a 110-room hotel and 50,000 square feet of office space.