5000 Fairmont Parkway
Pasadena, TX
Price:
$2381000
Cap Rate:
5.25%
NOI:
$125,000
Building Size:
Approx. 2150 Sq. Ft.
Lot Size:
Approx. 0.66 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built / Renovated:
1995 / 2017
Investment Overview
- 2017 Renovation. 2,150+/- SF Building on .66+/- Acre Site
- New 15 Year Corp NNN Ground Lease beginning Feb 2018
- Located along Fairmont Parkway (52K VPD) and Lily Street
- Near Walmart, Lowe’s, Whataburger, Raising Cane’s, SBUX
- 1-Mile W of Sam Houston Tollway (75K VPD) & Fair Plaza Mall
- Local Attractions: Ship Channel | NRG Stadium | Space Center
- Employers HQ: BP America | Astra Holdings USA| Exxon Mobil
- 3-Mile Radius: 2017 Day Pop: 34,587 | Avg HH Income: $67,478
- Houston ( MSA) | Sixth Largest MSA in the U.S | Pop: 5,946,800