NNN Restaurant Property With
For Sale
Contact for pricing
5409 Crenshaw Road, Pasadena, TX 77505
Three in-place triple-net leases support a multi-tenant restaurant property with staggered expirations through 2033.
Property Size8,050 SF
Price / SF$467.83
Days on Market104
Property Features for 5409 Crenshaw Road
General Information
Standard status
Active
Size
8,050 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$254,228
Site & Location
Neighborhood
Genoa
Drive-Thru
Yes
Additional Details
Cap Rate
6.75%
Building Details
Year Built
2018
Units
3
Tenancy
Multi
Listing Agency:
Brookline Real Estate
Listed By:
Dominick Cannata · License #IL 00000
(630) 886-4408
Source:
Crexi
Added: Jul 23
Changed: Oct 26
Last Checked: Nov 3 at 5:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brookline Real Estate
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Investment Insights
Based on property information with market context.
Built in 2018, this 8,050-square-foot restaurant property is configured for three occupants and includes a drive-through. The asset is leased on a triple-net basis, with all three agreements currently in force and structured for expense recovery. A national fast-casual concept, a Houston-area burger operator, and a full-service Thai restaurant serve different dayparts without direct competition described among the tenants.
The property offers three access points and sits adjacent to Academy Sports + Outdoors at 5409 Crenshaw Road in Pasadena. Weighted average lease term is 6.7 years, with the first lease expiration in December 2031 and the remaining expirations in July and September 2033. Each lease includes two five-year renewal options, with option rents set above the final year of the initial term. The going-in cap rate is 6.75%, with 7.50% indicated by December 2031.
The property offers three access points and sits adjacent to Academy Sports + Outdoors at 5409 Crenshaw Road in Pasadena. Weighted average lease term is 6.7 years, with the first lease expiration in December 2031 and the remaining expirations in July and September 2033. Each lease includes two five-year renewal options, with option rents set above the final year of the initial term. The going-in cap rate is 6.75%, with 7.50% indicated by December 2031.
Key Highlights
- 8,050 SF restaurant property built in 2018
- Three in‑place triple‑net leases with 6.7‑year weighted average term
- Drive‑through configuration and three access points
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,544
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,190,880
$2.2M
Cap Rate 7%
$1,564,914
$1.6M
Cap Rate 9%
$1,217,156
$1.2M
Market Conditions
NOI Build-Up for 8,050 SF
Gross rent
$154.6K $19.20/SF
− Vacancy
−$8.5K −$1.06/SF
EGI
$146.1K $18.14/SF
− OpEx
−$36.5K −$4.54/SF
NOI
$109.5K $13.61/SF
Area
Pasadena, TX
Vacancy
5.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,190,880
Cap Rate 7%
$1,564,914
Cap Rate 9%
$1,217,156
Alternative Uses
Best Use
Specialty Retail
$1.56M
$1.37M – $1.83M
NOI $109,544 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.32M – $3.10M
NOI $185,963 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
Chevron
Shops & Services
10,853 visits/mo
0.5 miles
Bullritos
Dining
4,197 visits/mo
0.4 miles
SUBWAY
Dining
2,362 visits/mo
0.4 miles
Demographics for 77505, TX
23,584
Population
8,817
Households
2.7
Avg Household Size
38
Median Age
30%
College-Educated
90%
High-School Grad
8.4 sq mi
ZIP Area
2,808
Density / Sq Mi
$94,643
Median Household Income
$52,193
Median Earnings
$1,522
Median Rent
$276,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Three in-place triple-net leases support a multi-tenant restaurant property with staggered expirations through 2033.
Where is this nnn property located?
The property is located at 5409 Crenshaw Road Pasadena, TX.
What is the asking price?
The asking price for this property is $3,766,000.
What are key features of this property?
This property features: 8,050 SF restaurant property built in 2018; Three in‑place triple‑net leases with 6.7‑year weighted average term; Drive‑through configuration and three access points
