3941 Fairway Plz Dr Pasadena, TX 77505
Exceptional investment opportunity in Pasadena, Texas, presents Fairway Center III, a 103,903-square-foot retail center boasting 100% occupancy. This two-building, single-story property sits on a 9.5-acre lot and features 300 parking spaces. Built in 2007, the center is strategically located at 3941 Fairway Plaza Drive, Pasadena, TX 77505, along Fairmont Parkway (44,108 vehicles per day) and Beltway 8 (74,947 vehicles per day). The property's high-performing tenancy includes Office Depot, Conn's Appliances, and Bel Furniture, among four total tenants, all enjoying long-term leases. This premier retail center benefits from strong retail fundamentals in the Pasadena submarket and a lack of immediate competition. The location is further enhanced by its proximity to a high-performing Target store. The property offers stable cash flow with a history of exceptional occupancy, making it an attractive investment for discerning buyers. The offering includes a total of 103,903 square feet of retail space. This is a rare opportunity to acquire a cash-flowing asset in a prime Houston location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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