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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.

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
  • 14
  • 2,750 SF
  • Retail
  • End Cap
  • Now

Spacious retail suite with 2,750 square feet available.

  • 7
  • 4,000 SF
  • Retail
  • In-Line
  • Now

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

HOTWORX
Salata
Allegiance Bank
Chili's
Woodforest National Bank
Chicken Salad Chick
Burgerim
Olive Garden Italian Rstrnt
MOD Pizza
Truist

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1328440010001
Land Assessment
$4,627,890 CAD
Improvements Assessment
$7,448,326 CAD
Total Assessment
$12,076,216 CAD
  • Listing ID: 33283070

  • Date on Market: 2024-09-24

  • Last Updated:

  • Address: 4557-4573 E Sam Houston Pky S, Pasadena, TX 77505

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