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34579570
34605229

5409 Crenshaw Road, Pasadena, TX 77505 For Sale

DC
IL IL 00000
Brookline Real Estate
Brookline Real Estate
Listed by Brookline Real Estate
$3,766,000
2 days on market
Updated 0 days ago

Retail Investment Opportunity

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 8,050
Units 3
Cap Rate 6.75%
NOI $254,228
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $468
Year Built 2018
Acreage 2.090
Investment Type Stabilized
Ground Lease No

Fully Leased Multi-Tenant Retail Center | Newer Construction | Houston MSA

Marketing description

A rare opportunity to acquire a 100%-occupied, three-tenant retail center in the Houston suburb of Pasadena — positioned on a busy retail corridor near the Sam Houston Highway (Beltway 8) interchange and directly adjacent to Academy Sports + Outdoors.

The 2018-construction building is occupied entirely by internet-resistant, fast-casual dining concepts on long-term NNN leases extending into the 2030s — anchored by national tenant Chicken Salad Chick alongside established regional operators. Contrasting peak-traffic hours across the three restaurants create natural synergy and steady all-day customer flow. With a highway-accessible position, a drive-thru lane, three points of access, and durable cash flow from day one, this is a genuinely passive, management-light asset in one of the nation's most pro-business markets — Texas, with no state income tax.

Download the Offering Memorandum for full financials, rent roll, and lease details.

Investment highlights

A rare opportunity to acquire a 100%-occupied, three-tenant retail center in the Houston suburb of Pasadena — positioned on a busy retail corridor near the Sam Houston Highway (Beltway 8) interchange and directly adjacent to Academy Sports + Outdoors.

The 2018-construction building is occupied entirely by internet-resistant, fast-casual dining concepts on long-term NNN leases extending into the 2030s — anchored by national tenant Chicken Salad Chick alongside established regional operators. Contrasting peak-traffic hours across the three restaurants create natural synergy and steady all-day customer flow. With a highway-accessible position, a drive-thru lane, three points of access, and durable cash flow from day one, this is a genuinely passive, management-light asset in one of the nation's most pro-business markets — Texas, with no state income tax.

Download the Offering Memorandum for full financials, rent roll, and lease details.

Listing Contacts

DC
IL IL 00000
Brookline Real Estate
Brookline Real Estate
Listed by Brookline Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$254,228.00
$21,185.67/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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