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Stabilized Dental Office Investment 6429 Fairmont Pky 4,978 SF 100% Leased Office Building Pasadena, TX 77505 $1,797,250 CAD ($361.04 CAD/SF) 7.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Stable Cash Flow: 100% occupied by two established dental practices with leases through 2030
- Low Management: Modified NNN structure with tenants covering insurance, CAM, and utilities
- Growing Market: Located in a thriving medical and professional corridor serving southeast Houston
- Strong Yield: 7.1% cap rate with consistent 2.5% annual rent escalations
- De-Risked Investment: Major capital items recently addressed minimal near-term maintenance risk
- Attractive Exit Potential: Steady rent growth and strong submarket fundamentals support long-term appreciation and liquidity
EXECUTIVE SUMMARY
Exceptional opportunity to acquire a stabilized two-tenant dental office investment located in Pasadena, Texas, within Houston’s southeast medical and professional corridor. Both suites are leased to established dental practices with lease terms extending through 2030 with an additional 5 year option to extend, providing reliable cash flow and predictable income growth through 2.5% annual rent escalations. Priced at $1,300,000, this asset offers investors a 7.1% cap rate and a secure, long-term income stream from service-based tenants in a strong suburban healthcare market.
Property Highlights:
Total Building Size: ±4,978 SF (Suite 101: ±2,986 SF | Suite 102: ±1,992 SF)
Lot Size: ±0.42 Acres
Year Built: 1999
Lease Type: Modified NNN – tenants pay insurance, CAM, and utilities; landlord pays property taxes and structure
Lease Term: Both leases extend through 2030
Annual Rent Increases: 2.5%
Occupancy: 100% leased to long-term dental tenants
Recent Capital Improvements
Ownership has proactively invested over $40,000 in property improvements, significantly reducing near-term capital exposure:
Two new HVAC systems (2020)
Roof and electrical repairs (2019–2024)
Plumbing upgrades (2025)
New landscaping and parking lot improvements (2025)
Fire/life safety and water meter updates (2024)
Investment Highlights
Stable Cash Flow: 100% occupied by two established dental practices with leases through 2030
Strong Yield: 7.1% cap rate with consistent 2.5% annual rent escalations
Low Management: Modified NNN structure with tenants covering insurance, CAM, and utilities
De-Risked Investment: Major capital items recently addressed minimal near-term maintenance risk
Growing Market: Located in a thriving medical and professional corridor serving southeast Houston
Attractive Exit Potential: Steady rent growth and strong submarket fundamentals support long-term appreciation and liquidity
Location Overview
Situated in Pasadena, part of the Greater Houston metro area, the property benefits from a robust medical and professional presence anchored by HCA Houston Healthcare Southeast and a network of dental and healthcare providers. The surrounding community offers strong demographics, visibility, and easy access to major roadways, supporting long-term tenant retention and investor stability.
Property Highlights:
Total Building Size: ±4,978 SF (Suite 101: ±2,986 SF | Suite 102: ±1,992 SF)
Lot Size: ±0.42 Acres
Year Built: 1999
Lease Type: Modified NNN – tenants pay insurance, CAM, and utilities; landlord pays property taxes and structure
Lease Term: Both leases extend through 2030
Annual Rent Increases: 2.5%
Occupancy: 100% leased to long-term dental tenants
Recent Capital Improvements
Ownership has proactively invested over $40,000 in property improvements, significantly reducing near-term capital exposure:
Two new HVAC systems (2020)
Roof and electrical repairs (2019–2024)
Plumbing upgrades (2025)
New landscaping and parking lot improvements (2025)
Fire/life safety and water meter updates (2024)
Investment Highlights
Stable Cash Flow: 100% occupied by two established dental practices with leases through 2030
Strong Yield: 7.1% cap rate with consistent 2.5% annual rent escalations
Low Management: Modified NNN structure with tenants covering insurance, CAM, and utilities
De-Risked Investment: Major capital items recently addressed minimal near-term maintenance risk
Growing Market: Located in a thriving medical and professional corridor serving southeast Houston
Attractive Exit Potential: Steady rent growth and strong submarket fundamentals support long-term appreciation and liquidity
Location Overview
Situated in Pasadena, part of the Greater Houston metro area, the property benefits from a robust medical and professional presence anchored by HCA Houston Healthcare Southeast and a network of dental and healthcare providers. The surrounding community offers strong demographics, visibility, and easy access to major roadways, supporting long-term tenant retention and investor stability.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
4,978 SF
Building Class
B
Year Built
1999
Price
$1,797,250 CAD
Price Per SF
$361.04 CAD
Cap Rate
7.10%
NOI
$127,605 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,978 SF
Building FAR
0.27
Lot Size
0.42 AC
Zoning
Commercial
Parking
15 Spaces (3.01 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Pasedena Oral Surgery
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Radiant Dental Care
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Pasedena Oral Surgery | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Radiant Dental Care | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
PROPERTY TAXES
| Parcel Number | 1199300010001 | Total Assessment | $1,534,627 CAD |
| Land Assessment | $504,159 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,030,469 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
1199300010001
Land Assessment
$504,159 CAD
Improvements Assessment
$1,030,469 CAD
Total Assessment
$1,534,627 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Stabilized Dental Office Investment | 6429 Fairmont Pky
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