$24,990,000 USD
713-900-3011
Fairmont Parkway Shopping Center
Pasadena, TX
Southeast Houston
HIGHLIGHTS
- Curated tenant mix, with 58% national and regional tenants, designed to meet the needs of the area's dense residential population and employment hub
- Desirable stable income stream featuring a weighted average lease term of 7.6 years
- Situated within a long-established, top-performing retail corridor and positioned between dominant grocers H-E-B and Walmart
- Dominant regional retail hub consistently pulls visitors beyond a 20-mile radius, serving both Pasadena and surrounding trade areas
- Prominent frontage and access along Fairmont Parkway with immediate proximity to Beltway 8, provides exposure to over 150,000 cars per day
- Located minutes away from the economic powerhouses: Port of Houston and Houston Ship Channel
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. 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.
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713-900-3011
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713-900-3011
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