Fairmont Parkway Shopping Center FOR SALE


Pasadena, TX - Southeast Houston
$25,900,000 USD
713-900-3011
, Pasadena, TX for Sale
$25,900,000 USD
FOR SALE
1/16
null | 8.25% Cap Rate

Fairmont Parkway Shopping Center
Pasadena, TX
Southeast Houston


HIGHLIGHTS

  • Immediate upside through the lease-up of the remaining multi-tenant end cap vacancy with drive-thru potential as well divestiture opportunities
  • Synergistic mix of national, regional, and local tenants strategically curated to meet the demands of the surrounding high density trade area
  • Desirable stable income stream featuring a weighted average lease term of 7.52 years
  • Positioned within a long-standing and top-performing retail hub, which consistently pulls visitors beyond a 20-mile radius
  • Pasadena is considered a worldwide center for the energy, petrochemical and aerospace industries
  • Prominent frontage and access along Fairmont Parkway with immediate proximity to Beltway 8, provides exposure to nearly 150,000 cars per day

OVERVIEW

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. Property offers 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.

ASK ABOUT THIS PROPERTY

Micha Van MarckeEDGE Capital MarketsMore Info
713-900-3011

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Micha Van MarckeEDGE Capital MarketsMore Info
713-900-3011

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