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2706 Cherrybrook Ln 18,432 SF 88% Leased Retail Building Pasadena, TX 77502 $2,700,000 ($146.48/SF) 7.16% Cap Rate

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Investment Highlights

  • Recently Remodel
  • Proximity to Beltway 8 (±2 miles) for strong local and commuter access
  • National tenant anchor: Family Dollar
  • Attractive opportunity for investors seeking stable cash flow with leasing upside

Executive Summary

Well-positioned three-unit commercial building located just ±2 miles from Beltway 8, offering strong neighborhood visibility and consistent daily traffic. The property is anchored by a national tenant, Family Dollar, providing built-in foot traffic and long-term stability.
Currently two units are occupied, with one vacant unit available and move-in ready, making this an excellent opportunity for both investors and owner-users seeking immediate income with upside.
The site is surrounded by dense residential communities and is adjacent to the Texas Board of Pardons and Paroles, further supporting steady weekday traffic and service-oriented demand.
Ideal Uses Include:
Insurance or tax services
Bail bonds or legal support services
Barber shop or beauty salon
Cell phone & wireless retail
Convenience retail or specialty shop
Medical, counseling, or professional office
Check cashing or financial services
This location benefits from strong neighborhood synergy, excellent accessibility, and a proven tenant mix—making it a solid choice for businesses that thrive on visibility, convenience, and repeat local traffic.
Nearby Amenities: Convenient access to major roads, retail centers, and public transportation
Neighborhood: Golden Acres, Pasadena, TX.
Co-Tenants : Family Dollar and Texas Department of Criminal Justice
Proforma NOI - $193,443.65

Data Room Click Here to Access

Financial Summary (Pro Forma - 2025)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $193,444 $10.50

Financial Summary (Pro Forma - 2025)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $193,444
Annual Per SF $10.50

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,432 SF
Building Class
C
Year Built
1987
Price
$2,700,000
Price Per SF
$146.48
Cap Rate
7.16%
NOI
$193,444
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.34 AC
Zoning
None - Retail Use! Endless Possibility
Frontage
212’ on Cherry Brook Lane

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.

  • Human Service Department
  • Public Administration
  • -
  • -
  • -
  • Public Administration
  • -
  • -
  • -

The State of Texas functions as the government authority for the state, overseeing public administration, statewide programs, and regulatory activities across various executive agencies. Its primary executive offices operate from Austin, where the Governor leads administrative, legislative, and policy initiatives. The state's modern administrative structure traces its origins to 1845, when Texas was admitted to the United States and its government institutions were formally established. Through its agencies and departments, the state manages functions including public safety, transportation, health services, economic development, and regulatory oversight. The Governor’s Office also coordinates appointments, budgeting efforts, and intergovernmental affairs. Digital services for residents and businesses are centralized through the state's official website, which provides access to licensing, records, taxation, and other essential services.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Human Service Department Public Administration - - -
Public Administration - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,160 SF
  • Retail
  • In-Line
  • Now

Retail Center 2702 CherryBrook Lane, Pasadena, TX 77502 is an Ideal space with lots of room for your team to thrive and grow. Great located in the Houston area. Great space on a 1.34+/- ac lot. Ready for you to move-in now! Check it out today! Gulf Freeway/ Pasadena Submarket. Come join Family Dollar. Last space available.

Space Size Space Use Position Available
1st Floor 2,160 SF Retail In-Line Now

1st Floor

Size
2,160 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size 2,160 SF
Space Use Retail
Position In-Line
Available Now

Retail Center 2702 CherryBrook Lane, Pasadena, TX 77502 is an Ideal space with lots of room for your team to thrive and grow. Great located in the Houston area. Great space on a 1.34+/- ac lot. Ready for you to move-in now! Check it out today! Gulf Freeway/ Pasadena Submarket. Come join Family Dollar. Last space available.

Nearby Major Retailers

Comerica
Taco Bueno
Denny's
Golden Corral
Buffalo Wild Wings
Jason's Deli
IHOP
Casa Ole
Black Rock Coffee Bar
Retro Fitness

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 0572200000017
  • 0572200000019
Land Assessment
$465,584
Improvements Assessment
$1,886,530
Total Assessment
$2,352,114
  • Listing ID: 35159972

  • Date on Market: 3/17/2025

  • Last Updated:

  • Address: 2706 Cherrybrook Ln, Pasadena, TX 77502

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