Phase II | 4557-4573 E Sam Houston Pky S
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Phase II 4557-4573 E Sam Houston Pky S
37,103 SF 82% Leased 4-Star Retail Building Pasadena, TX 77505 For Sale
Investment Highlights
- At 77% leased, the property offers a major value enhancement opportunity
- Shadow anchored by Academy Sports and other national tenants, drawing over 3.5 million annual visitors to the site
- Strong demographics with an expanded trade area, providing significant regional draw
- Strategic market position in the heart of Pasadena's main retail corridor
- Consumer-centric tenant mix providing e-commerce resistant and service tenants
- Located at the dominant signalized intersection of Crenshaw Road and Beltway 8 with exposure to nearly 100,000 CPD
Executive Summary
Edge Capital Markets has been exclusively retained to present the opportunity to acquire The Market at Crenshaw, a 77% leased, 37,103 square foot well-positioned strip center occupied by consumer-centric retailers and shadow-anchored by Academy Sports and Outdoors and Burlington in Pasadena (Houston), Texas.
The Property’s tenant line-up comprises a diverse collection of retailers that complement each other and fully serve the daily needs of the surrounding trade area by providing e-commerce-resistant experiences and services. The Market at Crenshaw is a shopping destination featuring jewelry, fast-casual restaurants, dental, cosmetic services, music, and art. This established tenant collection promotes a cross-shopping ecosystem, creating a steady consumer draw.
The Property is at a signalized intersection of Crenshaw Road and Beltway 8, an 8-lane highway that is one of Houston’s most heavily traf?cked thoroughfares with abundant ingress/egress points that govern the ease of traf?c ?ow in and around the Property. The section of Beltway 8 between Crenshaw and Fairmount Parkway serves as a super-regional trade area featuring HEB, Target, Home Depot, Lowes, Ross, Hobby Lobby, Walmart, HomeGoods, Marshalls, Best Buy, and Michaels.
The tenants are supported by an expanded trade area with a population of over 278,000. The area is comprised of consumers with signi?cant buying power based on exceptional average household incomes of $121,000 within a one-mile radius and ample residential options from single-family to multifamily.
The Property’s tenant line-up comprises a diverse collection of retailers that complement each other and fully serve the daily needs of the surrounding trade area by providing e-commerce-resistant experiences and services. The Market at Crenshaw is a shopping destination featuring jewelry, fast-casual restaurants, dental, cosmetic services, music, and art. This established tenant collection promotes a cross-shopping ecosystem, creating a steady consumer draw.
The Property is at a signalized intersection of Crenshaw Road and Beltway 8, an 8-lane highway that is one of Houston’s most heavily traf?cked thoroughfares with abundant ingress/egress points that govern the ease of traf?c ?ow in and around the Property. The section of Beltway 8 between Crenshaw and Fairmount Parkway serves as a super-regional trade area featuring HEB, Target, Home Depot, Lowes, Ross, Hobby Lobby, Walmart, HomeGoods, Marshalls, Best Buy, and Michaels.
The tenants are supported by an expanded trade area with a population of over 278,000. The area is comprised of consumers with signi?cant buying power based on exceptional average household incomes of $121,000 within a one-mile radius and ample residential options from single-family to multifamily.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
37,103 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Percent Leased
82%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Land Acres
5.85 AC
Parking
231 Spaces (6.2 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Spacious retail suite with 2,750 square feet available.
Spacious retail suite with 4,000 sqft available.
Space | Size | Space Use | Position | Available |
14 | 2,750 SF | Retail | End Cap | Now |
7 | 4,000 SF | Retail | In-Line | Now |
14
Size |
2,750 SF |
Space Use |
Retail |
Position |
End Cap |
Available |
Now |
7
Size |
4,000 SF |
Space Use |
Retail |
Position |
In-Line |
Available |
Now |
14
Size | 2,750 SF |
Space Use | Retail |
Position | End Cap |
Available | Now |
Spacious retail suite with 2,750 square feet available.
7
Size | 4,000 SF |
Space Use | Retail |
Position | In-Line |
Available | Now |
Spacious retail suite with 4,000 sqft available.
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 1328440010001 | Improvements Assessment | $7,448,326 CAD |
Land Assessment | $4,627,890 CAD | Total Assessment | $12,076,216 CAD |
PROPERTY TAXES
Parcel Number
1328440010001
Land Assessment
$4,627,890 CAD
Improvements Assessment
$7,448,326 CAD
Total Assessment
$12,076,216 CAD
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Phase II | 4557-4573 E Sam Houston Pky S
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