7333 Fairmont Pky | Pasadena, TX 77505
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- LoopNet Team
7333 Fairmont Pky
Pasadena, TX 77505
Phase II · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Tremendous opportunity to acquire a newly built (under construction), 2-tenant NNN shopping center in a growing suburb of Houston, Texas
- The property sits in front of the planned Fairmont Crossing Luxury Senior Living Facility. The development includes 137 townhomes
- Shopping center sits directly across from the new Parkway Trails Home Development by K. Hovnanian Homes
- Pet Supplies Plus and Tropical Smoothie Cafe both signed 10-year triple net leases with strong base term rent increases
- 7 Eleven on Corner, Adjacent to brand new Next Level Urgent Care, Kolache Factory, Code Ninjas, and Pelican Grill
- 6.5% average CAP over the primary 10-year terms of the leases
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,632 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.00 AC
Zoning
F1
Parking
48 Spaces (10.36 Spaces per 1,000 SF Leased)
Frontage
185’ on Fairmont Parkway
PROPERTY TAXES
| Parcel Number | 1409090020001 | Improvements Assessment | $1,252,287 |
| Land Assessment | $933,060 | Total Assessment | $2,185,347 |
PROPERTY TAXES
Parcel Number
1409090020001
Land Assessment
$933,060
Improvements Assessment
$1,252,287
Total Assessment
$2,185,347
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