3941 Fairway Plaza DrPasadena, TX 77505

For Sale
Call for price

Prime Pasadena retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • Exceptional investment opportunity: 103,903 SF retail center in Pasadena, TX, at a high-traffic intersection of Fairmont Parkway and Beltway 8.
  • 100% occupied by high-performing tenants including Office Depot, Conn's Appliances, and Bel Furniture, all with long-term leases.
  • Stable cash flow with a history of exceptional occupancy and 10+ years of tenure.
  • Prime retail location with strong fundamentals and minimal competition, near a high-performing Target.

Property Details for 3941 Fairway Plaza Dr

Property type
Other retail properties, Individual retail properties
Square Feet
103,903 SF
Year Built
2007
Buildings
2
Stories
1
Lot Size (sq. ft)
413,820 SF

Location Insight

City
Pasadena
County
Harris
State
Texas
Latitude
29.652275
Longitude
-95.150524
3941 Fairway Plaza Dr, Pasadena, Texas

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3941 Fairway Plaza Dr
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