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 Market14
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
Additional Details
Cap Rate
6.75%
Drive-Thru
Yes
Building Details
Year Built
2018
Units
3
Tenancy
Multi
Listing Agency:
Brookline Real Estate
(630) 590-5910
Listed By:
Dominick Cannata · License #IL 00000
Source:
Crexi
Added: Jul 23
Changed: Aug 4
Last Checked: Aug 4 at 4:38AM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.6k | $19.20 |
| − Vacancy | −$8.5k | −$1.06 |
| EGI | $146.1k | $18.14 |
| − OpEx | −$36.5k | −$4.54 |
| NOI | $109.5k | $13.61 |
8,050 SF · lease $19.20/SF/yr · vacancy 5.50% · expense 25.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valero Energy
Shops & Services
10,628 visits/mo
0.0 miles
Chevron
Shops & Services
5,808 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
