1701 Fairway Dr Alvin, TX 77511
For Lease
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Invest in the Fairway Shopping Center, a prime retail property situated at the intersection of Hwy 35 South and Fairway in Brazoria County. This 91,360 square foot center boasts a strong national tenant presence, anchored by Planet Fitness, and surrounded by complementary businesses including Palais Royal, Rue 21, and Cici's Pizza. Currently, there are three suites available, with a significant 72,838 square feet of vacant space presenting a unique opportunity for expansion or new tenancy. The property sits on 8.52 acres of land and was built in 1983. Its strategic location offers exceptional visibility from Hwy 35, ensuring high traffic and customer exposure. The center also benefits from its proximity to Alvin Community College, providing a substantial customer base. Ample on-site parking and easy access in and out of the center further enhance its appeal. In addition to the retail space, warehouse space is also available for lease, adding to the property's versatility and investment potential. This is a rare opportunity to acquire a well-located retail center with significant upside potential in a growing market. The existing tenant mix provides a solid foundation for future growth and expansion.
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Planet Fitness Gym & Fitness Center
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Alvin Dental Physician
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La Michoacana Meat Market Take-out & Catering Butcher
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Medic One Pharmacy Pharmacy
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Dollar Smart Discount Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2018Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.