713-852-3407
4802-4930 Fairmont Pky, Pasadena, TX for Sale
Retail - FOR SALE
1/11
null | Request Cap Rate

4802-4930 Fairmont Pky
Pasadena, TX 77505
Southeast Houston


HIGHLIGHTS

  • Significant mark-to-market opportunity - 46% of GLA expiring without fixed options with 21% mark to market opportunity
  • High performing tenancy with credited anchors
  • Located in a top performing retail corridor - Submarket ranked in 93rd percentile in HTX attracting 9.4 million visitors per year
  • Diversity of income mitigating turnover risk - Inline tenants account for 56.4% of gross revenue
  • Densely packed submarket with consumer spending power

OVERVIEW

Jones Lang Lasalle ("JLL") is pleased to present Fairmont Preston Plaza ("The Property") a 105,869 sq ft neighborhood center in the leading retail submarket of Pasadena, TX (Houston MSA). Located in a top performing retail corridor - this Pasadena retail corridor has emerged as a powerhouse by serving a dense Hispanic population in southeast Houston that previously had limited access to quality shopping centers. The area capitalized on a significant retail void, where residents were forced to travel long distances for their shopping needs, creating substantial pent-up market demand. The intersection of high population density and inadequate retail supply created an exceptional development opportunity. As a result, this center has become the premier retail destination for the underserved community, achieving the 2nd highest performance ranking among retail nodes within a 15-mile radius.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairmont-Preston Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

528

LAND DETAILS

LAND ACRES

10.15 AC

LAND SF

442,134 SF

ZONING

N/Ap, Houston

APN/PARCEL ID

0470850000007

ASK ABOUT THIS PROPERTY

713-852-3407

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713-852-3407

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