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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



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
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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
- -
- -
- -
The State of Texas traces its modern government identity to the mid-19th century, when Texas joined the United States after a period as an independent republic. Its official Texas.gov platform serves as the state’s public gateway for government services, information, and resources. The state’s broader public-service footprint spans areas such as driver and vehicle services, vital records, veterans resources, open data, and records access. Texas also maintains agencies focused on cultural preservation and historical education, including the Texas Historical Commission, which manages preservation programs, state historic sites, and historical markers that document the state’s heritage.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Retailer | - | - | - | ||
| Human Service Department | Public Administration | - | - | - | ||
|
Public Administration | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
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
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,886,530 | |
| Land Assessment | $465,584 | Total Assessment | $2,352,114 |
Property Taxes
Presented by
2706 Cherrybrook Ln
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