7333 Fairmont Pky - Freestanding FOR SALE
Pasadena, TX 77505 |
7333 Fairmont Pky
Pasadena, TX 77505
HIGHLIGHTS
- Tremendous opportunity to acquire a newly built (under construction), 2-tenant NNN shopping center in a growing suburb of Houston, Texas
- Pet Supplies Plus and Tropical Smoothie Cafe both signed 10-year triple net leases with strong base term rent increases
- The property sits in front of the planned Fairmont Crossing Luxury Senior Living Facility. The development includes 137 townhomes
- 7 Eleven on Corner, Adjacent to brand new Next Level Urgent Care, Kolache Factory, Code Ninjas, and Pelican Grill
- Shopping center sits directly across from the new Parkway Trails Home Development by K. Hovnanian Homes
- 6.5% average CAP over the primary 10-year terms of the leases
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Phase II
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
4632
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
48
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
1409090020001
