6429 Fairmont Pky - Office FOR SALE


Pasadena, TX 77505- Southeast Houston
$1,300,000 USD
830-542-0360
6429 Fairmont Pky, Pasadena, TX for Sale
$1,300,000 USD
Office - FOR SALE
1/132
null | 7.1% Cap Rate

6429 Fairmont Pky
Pasadena, TX 77505
Southeast Houston


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stabilized Dental Office Investment

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

Commercial

APN/PARCEL ID

1199300010001

ASK ABOUT THIS PROPERTY

Lauren GrahamColdwell Banker D'Ann HarperMore Info
830-542-0360

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Lauren GrahamColdwell Banker D'Ann HarperMore Info
830-542-0360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.