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5120 Fairmont Pky
Pasadena, TX 77505
Fairmont Shopping Center · Retail Property For Sale
Investment Highlights
- ? Property offered below replacement cost
- ? Low average rent of $8.13/SF - JC Penny paying just above $2.02/SF
- ? No tenants lost during COVID and all tenants are current on rent
- ? Strong historical occupancy: 99.25% average 4 year occupancy
- ? Located on major retail corridor - surrounded by Walmart, Lowes, Home Depot and Other National Retailers
Property Facts
Property Type
Retail
Property Subtype
Department Store
Building Size
165,341 SF
Building Class
B
Year Built
2006
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.25
Lot Size
15.35 AC
Zoning
None
Parking
715 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
778’ on Fairmont Pky
Amenities
- Pylon Sign
Property Taxes
| Parcel Numbers | Improvements Assessment | $9,788,115 | |
| Land Assessment | $5,367,965 | Total Assessment | $15,156,080 |
Property Taxes
Parcel Numbers
Land Assessment
$5,367,965
Improvements Assessment
$9,788,115
Total Assessment
$15,156,080
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