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Fairmont Junction

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

묘사

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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개요

건물 총면적
10,860 제곱미터
토지 총면적
3.08 헥타르
점유율
82%
건축년도
1982

미디어

투자 하이라이트

  1. Hispanic Grocery Anchored 42,130 SF El Rancho accounts for 36% of rental revenue
  2. Demographics Drive Value El Rancho anchors Fairmont Junction in an 80.1% Hispanic neighborhood
  3. Established Sub-Anchors within Local Community Weighted Average Tenure of 9.7 years across Sterling Banquet, Family Dollar, and Dollar Tree
  4. 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%
  5. Potential for Additional Upside via Pad Development Opportunistic site on the hard corner of Fairmont Pkwy & Shaver
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