Sunrise Lake at Broadway
9223 Broadway Street, Pearland, TX, 77584, US
74,612 sf
Description
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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Attributes
Building area gross
116,898 sf
Land area gross
7.6 acres
Occupancy
82%
Year built
1982
Media
Investment highlights
- 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
Contact brokers
Fairmont Junction (0 Properties)
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Last updated
Sep 30, 2025
