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Retail Investment Opportunity 5409 Crenshaw Rd 8,050 SF 100% Leased Retail Building Pasadena, TX 77505 $3,766,000 ($467.83/SF) 6.75% Cap Rate
Investment Highlights
- Stabilized Investment - 100% Leased
- National Brands, Long-Term Leases
- Highway Access & Visibility
Executive Summary
A rare opportunity to acquire a 100%-occupied, three-tenant retail center in the Houston suburb of Pasadena — positioned on a busy retail corridor near the Sam Houston Highway (Beltway 8) interchange and directly adjacent to Academy Sports + Outdoors.
The 2018-construction building is occupied entirely by internet-resistant, fast-casual dining concepts on long-term NNN leases extending into the 2030s — anchored by national tenant Chicken Salad Chick alongside established regional operators. Contrasting peak-traffic hours across the three restaurants create natural synergy and steady all-day customer flow. With a highway-accessible position, a drive-thru lane, three points of access, and durable cash flow from day one, this is a genuinely passive, management-light asset in one of the nation's most pro-business markets — Texas, with no state income tax.
Download the Offering Memorandum for full financials, rent roll, and lease details.
The 2018-construction building is occupied entirely by internet-resistant, fast-casual dining concepts on long-term NNN leases extending into the 2030s — anchored by national tenant Chicken Salad Chick alongside established regional operators. Contrasting peak-traffic hours across the three restaurants create natural synergy and steady all-day customer flow. With a highway-accessible position, a drive-thru lane, three points of access, and durable cash flow from day one, this is a genuinely passive, management-light asset in one of the nation's most pro-business markets — Texas, with no state income tax.
Download the Offering Memorandum for full financials, rent roll, and lease details.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
8,050 SF
Building Class
B
Year Built
2018
Price
$3,766,000
Price Per SF
$467.83
Cap Rate
6.75%
NOI
$254,228
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
2.09 AC
Frontage
129’ on Beltway 8 @ Crenshaw Rd
Amenities
- Freeway Visibility
- Pylon Sign
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1328440010005 | Improvements Assessment | $1,253,942 |
| Land Assessment | $836,340 | Total Assessment | $2,090,282 |
Property Taxes
Parcel Number
1328440010005
Land Assessment
$836,340
Improvements Assessment
$1,253,942
Total Assessment
$2,090,282
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