Multi-Tenant

Pasadena Park Plaza

Pasadena (Houston), TX

Asking Price | Cap Rate

Contact Broker

Year Built

1971 | 2004

Population Density

210,480 (5-Miles)

Avg HHI

$96,000 (5-Miles)

Square Feet

156,202 SF

Avg Tenancy

10+ Years

INVESTMENT HIGHLIGHTS

Anchored by Big Lots, Harbor Freight Tools, Dollar Tree, and Home Outlet
Available Well Below Replacement Cost
One of the Most Visited Retail Centers in Texas – (Top 87%) and Within 30 Miles (Top 94%, #16 / 287) per Placer.ai.
Over 71% of Center Has a Lease That Does Not Expire Until 2027 or Later
Stable Tenant Lineup – Over 69% of the Tenants Have 15+ Years of Occupancy

Reasonable Rents – Rents Averaging $8 PSF for the Entire Center and Just $16 PSF for the In-Line Shops at the Street
Attractive Rental Increases in Primary Lease Terms Provide an Excellent Hedge Against Inflation
Potential Added Value of Absolute NNN, Ground-Leased Pad Sites
Elite Demographics with Affluent Customers – Over 210,000 Population and Over $96,000 Average Household Income Within 5 Miles

Exclusively Listed By

Riley Sharman

Vice President
rsharman@northmarq.com 832.497.2558
TX Lic. #781579

Brian Lane

Senior Associate
blane@northmarq.com

In Association With
Jim Gibson

TX Lic. # 392926

Northmarq

800 Gessner Road, Suite 950
Houston, TX 77024

northmarq.com