Fairmont Junction

114 Fairmont Pkwy, Pasadena, TX, 77504-2739, US

描述

Jones Lang LaSalle ("JLL") is pleased to present Fairmont Junction ("The Property"), a 116,898 SF grocery-anchored neighborhood retail center located in Pasadena, Texas (Houston MSA). Currently 82% leased, the property features a developable pad opportunity at the prime intersection of Fairmont Parkway & S. Shaver, with a traffic count of 22,447 vehicles per day.

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特性

建築物面積 (建築面積)

116,898 平方呎

土地面積

7.6 英畝

使用／出租率

82%

落成年份

1982

媒體

投資亮點

Hispanic Grocery Anchored 42,130 SF El Rancho accounts for 36% of rental revenue
Demographics Drive Value El Rancho anchors Fairmont Junction in an 80.1% Hispanic neighborhood
Established Sub-Anchors within Local Community Weighted Average Tenure of 9.7 years across Sterling Banquet, Family Dollar, and Dollar Tree
Significant Growth via 14.51% Mark-to-Market Opportunity 49% increase to NOI from mark-to-market & vacancy lease up lifts the going in cap rate 3.45%
Potential for Additional Upside via Pad Development Opportunistic site on the hard corner of Fairmont Pkwy & Shaver