Retail

Dogtopia

6015 Fairmont Pkwy, Pasadena, TX, 77505-4022, US

Executive Summarydownload
Dogtopia_Property for Sale

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Dogtopia 2_Property for Sale

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the fee-simple interest in 6015 Fairmont Parkway (“the Property”), a 5,073 SF freestanding retail building located in Pasadena, TX. The Property carries a single tenant lease and is occupied by the well-known national tenant Dogtopia.


The Property has a brand new 10 year lease, with Dogtopia having two 5-year renewal options. The freestanding Property sits along the heavily trafficked Fairmont retail corridor, offering direct frontage to Fairmont Pkwy (35,049 VPD) and immediate proximity to Beltway 8 (52,088 VPD). 6015 Fairmont Pkwy offers investors an excellent opportunity to invest in a stabilized asset within a growing and thriving community.

Attributes

Building area Net
5,073 sf
Occupancy
100.00%
Year built
1998
Land area Net
0.52 acres (22,599 sf)

Investment highlights

  • SINGLE-TENANT PROPERTY FEATURING A RECOGNIZABLE NATIONAL PETCARE TENANT - DOGTOPIA
  • PREMIER ACCESSIBILITY & VISIBILITY TO OVER 85,000 VPD
  • DOGTOPIA
    • 70% REVENUE GROWTH (YOY)
    • 23% SAME STORE SALES GROWTH
    • #1 PETCARE BRAND
      • (ENTREPRENEUR MAGAZINE)
  • CENTERED IN ONE OF PASADENA’S MOST PROMINENT RETAIL CORRIDORS
  • SURROUNDED BY A GROWING POPULATION - 8.61% GROWTH IN THE LAST 10 YEARS
  • OFFERED AT A SUPERIOR BASIS - SIGNIFICANT DISCOUNT TO REPLACE COST
Dogtopia 4_Property for Sale
Dogtopia 4_Property for Sale

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Last updated
Nov 30, 2022