Fairway Center III — Sale in Pasadena, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Pasadena, TX 77505
- Size: 103,903 SF
- Year built: 2007
Photos
Description
JLL is pleased to present Fairway Center III ("The Property"), located in Pasadena, TX (Houston MSA). The property encompasses 103,903 sq ft on 5.02 acres of land, and 100% occupied, ensuring immediate cash flow stability. The property benefits from excellent access to major thoroughfares and high consumer traffic. The surrounding area is marked by dynamic demographic trends and substantial economic growth.
Market Context
This retail in Pasadena, TX is listed for sale across 103,903 SF. The building dates to 2007. Compare it against other retail listings for sale in Pasadena, TX — view the full market.
As of Q1 2026, the Houston retail market showed a 5.5% vacancy rate, average asking rents near $21.28/SF/yr, rents up 2.5% year over year, and cap rates around 7.5%. Source: multiple brokerage reports, Q1 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- What is the typical cap rate for retail in Houston?
- About 7.5% as of Q1 2026, per multiple brokerage reports.
- Is the Houston retail market tightening or softening?
- Vacancy is around 5.5%, with asking rents rising year over year (Q1 2026).
Contact
- Ryan West · 7138523535 · ryan.west@jll.com
- John Indelli · 7138523407 · john.indelli@jll.com
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