Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

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Attributes

Year Built 2006
Building Area
Land Area ()

Property Description

JLL presents the opportunity to acquire Fairmont Shopping Center (the “Property” or “Asset”), a 165,341 square foot freestanding retail center located in Pasadena, TX with high visibility along Fairmont Parkway and in close proximity to Beltway 8. This ideal location provides superior connectivity to Houston’s top population cores and employment centers including Pasadena, Deer Park, the Houston Ship Channel and Petrochemical Complexes. The asset is located among leading retailers such as Walmart, Lowe’s and Home Depot. The Asset is fully stabilized with quality, national retailers and is well positioned to capture the benefits of Houston’s continued suburban growth. With a weighted average tenure of over 13 Yrs., Fairmont Shopping Center provides investors stable income from reputable national and local tenants in a high-growth market within the Houston MSA.

Investment Highlights

  • Stable financial returns with impressive tenant tenure
  • Excellent location in an established retail corridor
  • Attractive basis below replacement cost
  • National tenant line-up
  • Favorable demographics in growing market
Last Updated Date: 22 Apr 2021
Ryan West
Ryan West
Senior Managing Director, Capital Markets
License details
TX-478560
Adam Howells
Adam Howells
Senior Managing Director, Capital Markets

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Last Updated Date: 22 Apr 2021

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