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Fairmont Parkway Shopping Center 4 Retail Properties Offered at $34,979,252 CAD in Pasadena, TX
Investment Highlights
- Curated tenant mix, with 58% national and regional tenants, designed to meet the needs of the area's dense residential population and employment hub
- Situated within a long-established, top-performing retail corridor and positioned between dominant grocers H-E-B and Walmart
- Prominent frontage and access along Fairmont Parkway with immediate proximity to Beltway 8, provides exposure to over 150,000 cars per day
- Desirable stable income stream featuring a weighted average lease term of 7.6 years
- Dominant regional retail hub consistently pulls visitors beyond a 20-mile radius, serving both Pasadena and surrounding trade areas
- Located minutes away from the economic powerhouses: Port of Houston and Houston Ship Channel
Executive Summary
Unique 172,002 SF neighborhood center features a fully occupied large format retail building, two multi-tenant retail buildings and two fully leased pad sites, all offered at an attractive basis. Immediate upside through the lease-up of the remaining multi-tenant end cap vacancy with drive-thru potential as well numerous long-term value-add and divestiture opportunities.
Property Facts
| Price | $34,979,252 CAD | Number of Properties | 4 |
| Price / SF | $206.40 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8.80% | Total Building Size | 169,472 SF |
| Sale Type | Investment | Total Land Area | 22.25 AC |
| Status | Active |
| Price | $34,979,252 CAD |
| Price / SF | $206.40 CAD / SF |
| Cap Rate | 8.80% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 169,472 SF |
| Total Land Area | 22.25 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5950 Fairmont Pkwy, Pasadena, TX 77505 | Retail | 142,545 SF | 1992 | - |
| 5968 Fairmont Pky, Pasadena, TX 77505 | Retail | 14,300 SF | 1992 | - |
| 5932 Fairmont Pkwy, Pasadena, TX 77505 | Retail | 8,400 SF | 1992 | - |
| 5940 Fairmont Pky, Pasadena, TX 77505 | Retail | 4,227 SF | 2007 | - |
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Fairmont Parkway Shopping Center
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