Where is Pelican Plaza located?

Pelican Plaza is located at the northwest corner of FM 2920 and Alvin A. Klein Drive in Spring, Texas 77379. (7302 Farm to Market 2920, Spring, TX 77379)

Why is this location attractive for retailers?

The project sits on a signalized corner with approximately 515 feet of frontage along FM 2920 and exposure to more than 30,000 vehicles per day. 

What are the surrounding demographics?

The trade area includes:

• 11,117 residents within 1 mile

• 79,388 residents within 3 miles

• 221,730 residents within 5 miles

Average household income ranges from approximately $128,500 to $140,200 within the surrounding trade area. 

How large is the property?

Pelican Plaza consists of approximately 8.28 acres planned for retail development opportunities. 

What opportunities are available?

The property offers:

• Ground lease opportunities

• Build-to-suit opportunities

• Land sale opportunities

• Future multi-tenant retail space leasing 

Are utilities available?

Utilities are anticipated to be available, with M.U.D. annexation currently pending. 

Is the site shovel-ready?

Due diligence materials including environmental reports, geotechnical information, surveys, infrastructure engineering, plats, utility plans, and demographic reports are available to qualified prospects upon request. 

Which lots have the best visibility?

Lots 1, 2, and 3 provide premier frontage directly along FM 2920 and are considered the highest visibility sites within the development. 

What are the current ground lease rates?

Current asking rates are:

• Lots 1-3: $2.50/SF NNN

• Lots 4-6: $2.00/SF NNN

Rates are subject to change based on tenant use, credit, and lease structure. 

What types of users are ideal for Pelican Plaza?

The project is well suited for:

• Coffee shops

• Quick-service restaurants

• Banks and credit unions

• Medical retail users

• Service retailers

• Automotive service users

• National and regional retail brands 

Are restaurant users encouraged?

Yes. Quick-service and restaurant concepts are specifically identified as ideal uses for the frontage lots. 

Does Pelican Plaza offer build-to-suit opportunities?

Yes. Ownership is open to build-to-suit opportunities for qualified users. 

Are national tenants preferred?

National, regional, and credit tenants are preferred; however, all qualified prospects are encouraged to inquire. 

Will there be retail space available for lease?

Yes. A future multi-tenant retail building of approximately 8,460 square feet is planned for the southeast corner of the development. Pre-leasing opportunities are currently available. 

When is the retail building expected to be delivered?

The anticipated delivery date is 2027. 

What types of tenants are being sought for the future retail building?

The project is designed for traditional retail and service-oriented businesses seeking visibility along FM 2920. 

What makes the Spring-Tomball corridor attractive?

Pelican Plaza is positioned within one of the area's growing retail corridors and is surrounded by established residential communities, schools, churches, medical offices, and retail centers. 

Is there nearby residential density?

Yes. The project sits at the entrance to the Lakes at Avalon Village master-planned community and serves thousands of nearby households. 

Are there community anchors nearby?

The site is surrounded by schools, churches, residential communities, medical offices, the Klein Multipurpose Center, and a future Klein ISD stadium site. 

What lease structure is offered?

Ground lease opportunities are typically structured as triple-net (NNN) leases. 

How long are the lease terms?

Typical initial lease terms range from 15 to 20 years, often with multiple five-year renewal options. 

Are rent increases built into the lease?

Yes. Scheduled rent increases are generally incorporated into ground lease agreements. 

Can lease terms be customized?

Final terms are subject to tenant credit, proposed use, site requirements, and ownership approval. 

Who should I contact regarding leasing, build-to-suit opportunities, or site purchases?

Gerald S. Prickette, P.E., Broker

• 713-899-0127

Ted McCollom, Manager

• 346-556-7101

How can I obtain due diligence materials?

Qualified prospects may request environmental reports, site plans, utility information, surveys, and other due diligence documents directly from the ownership or brokerage team.