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114-154 Fairmont Pky
Pasadena, TX 77504 Southeast Houston

Price Upon Request

Storefront For Sale  •  116,898 SF

Property Details

  • Property Type Storefront
  • Total Building Size 116,898 SF
  • Lot Size 7.6 AC
  • Building Class C
  • Year Built 1982
  • Tenancy Multiple
0 Transit Score
50 Walk Score

Highlights

Hispanic Grocery Anchored - 42,130 SF El Rancho accounts for 36% of rental revenue
Demographics Drive Value - El Rancho anchors Fairmont Junction in an 80.1% Hispanic neighborhood
Established Sub-Anchors within Local Community - Weighted Average Tenure of 9.7 years across Sterling Banquet, Family Dollar, and Dollar Tree
Significant Growth via 14.51% Mark-to-Market Opportunity -49% increase to NOI from mark-to-market & vacancy lease up lifts the going in cap rate 3.45%
Potential for Additional Upside via Pad Development - Opportunistic site on the hard corner of Fairmont Pkwy & Shaver

Property Flyers

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection

Public Transportation

AirportDriveWalkDistance
William P Hobby 15 min - 6.3 mi
George Bush Intcntl/Houston 43 min - 30.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
John Indelli 713-852-3407 JLL
John Indelli 713-852-3407 JLL