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6705 Fairmont Parkway
Pasadena, TX

Price: $2,475,000
Cap Rate: 4.85%
NOI: $120,000
Building Size: Approx. 1,900 Sq. Ft.
Lot Size: Approx. 0.56 Acres
Status: Available
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2017

Investment Overview

  • 2017 Construction. 1,900+/- SF Building on .56+/- Acre Site
  • New 10-Year Corp Lease w/ 10% Rent Bumps Every 5 Years
  • Located along Fairmont Parkway (52K VPD) & Rhode Street
  • RELO – from a HIGH PERFORMING non-drive thru location
  • 1-Mile E 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 Est Pop: 79,285 | Avg HH Income:  $78,859
  • Houston ( MSA) | Sixth Largest MSA in the U.S | Pop: 5,946,800