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Fairmont Junction 114-154 Fairmont Pky 116,898 SF 82% Leased Retail Building Pasadena, TX 77504 For Sale
INVESTMENT HIGHLIGHTS
- Hispanic Grocery Anchored - 42,130 SF El Rancho accounts for 36% of rental revenue
- Established Sub-Anchors within Local Community - Weighted Average Tenure of 9.7 years across Sterling Banquet, Family Dollar, and Dollar Tree
- Potential for Additional Upside via Pad Development - Opportunistic site on the hard corner of Fairmont Pkwy & Shaver
- Demographics Drive Value - El Rancho anchors Fairmont Junction in an 80.1% Hispanic neighborhood
- Significant Growth via 14.51% Mark-to-Market Opportunity -49% increase to NOI from mark-to-market & vacancy lease up lifts the going in cap rate 3.45%
EXECUTIVE SUMMARY
Jones Lang LaSalle ("JLL") is pleased to present Fairmont Junction ("The Property"), a 116,898 SF grocery-anchored neighborhood retail center located in Pasadena, Texas (Houston MSA). Currently 82% leased, the property features a developable pad opportunity at the prime intersection of Fairmont Parkway & S. Shaver, with a traffic count of 22,447 vehicles per day.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
116,898 SF
Building Class
C
Year Built
1982
Percent Leased
82%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.35
Lot Size
7.60 AC
Zoning
None
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
El Rancho Supermercado opened its door in 1988 and since then has been dedicated to making the Hispanics living in the United States feel at home. They provide the highest quality products and freshest produce in a great variety. They are always attentive to their customers' needs and will serve them in a clean and pleasant environment so that they can have a great shopping experience. The goal is to exceed their customers' expectations. Come shop at the King of Low Prices!
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Former medical office for lease.
- 1st Floor
- 11,426 SF
- Retail
- In-Line
- Now
- 1st Floor
- 1,200 SF
- Retail
- In-Line
- Now
- 1st Floor
- 2,500 SF
- Retail
- In-Line
- Now
- 1st Floor
- 6,800 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,620 SF | Office/Medical | In-Line | Now |
| 1st Floor | 11,426 SF | Retail | In-Line | Now |
| 1st Floor | 1,200 SF | Retail | In-Line | Now |
| 1st Floor | 2,500 SF | Retail | In-Line | Now |
| 1st Floor | 6,800 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,620 SF |
| Space Use |
| Office/Medical |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 11,426 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 2,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 6,800 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,620 SF |
| Space Use | Office/Medical |
| Position | In-Line |
| Available | Now |
Former medical office for lease.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1323500010003 | Improvements Assessment | $9,340,817 CAD |
| Land Assessment | $1,848,583 CAD | Total Assessment | $11,189,400 CAD |
PROPERTY TAXES
Parcel Number
1323500010003
Land Assessment
$1,848,583 CAD
Improvements Assessment
$9,340,817 CAD
Total Assessment
$11,189,400 CAD
1 of 14
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Fairmont Junction | 114-154 Fairmont Pky
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