Fairmont Parkway Shopping Center Pasadena, Texas (Houston MSA)

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Fairmont Parkway

Address

5932-5968 Fairmont Parkway
Pasadena, TX 77505

Investment Highlights

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

A synergistic mix of national, regional, and local tenants strategically curated to meet the demands of the surrounding high density trade area and the substantial nearby workforce

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 and serves the Pasadena trade area, as well as the surrounding communities of Deer Park and La Porte

Pasadena is considered a worldwide center for the energy, petrochemical and aerospace industries

Located minutes away from the economic powerhouses: Port of Houston and Houston Ship Channel - providing residents of the surrounding trade area secure employment, educational opportunities, renowned benefits and high levels of discretionary income

Prominent frontage and access along Fairmont Parkway with immediate proximity to Beltway 8, provides exposure to nearly 150,000 cars per day, connecting the Property to both the dense, established neighborhoods, as well as nearby core employment hubs

Location

Team

Brokerage Team

Micha van Marcke, CCIM

Micha van Marcke, CCIM

Managing Principal, Edge Houston
713.900.3011 micha@edge-cm.com
Chace Henke

Chace Henke

Principal, Capital Markets
713.900.3009 chace@edge-cm.com

Phone
713.900.3011
Address

515 Post Oak Blvd, Suite 175, Houston, TX 77027