Investment Overview

Marcus & Millichap is pleased to present Fairmont Junction, a 116,898-square-foot, ethnic grocery-anchored community shopping center strategically positioned at the signalized intersection of Fairmont Parkway and South Shaver Street in Pasadena, Texas. The property is anchored by the 42,130-square-foot El Rancho Supermercado, a leading Hispanic-focused grocer that is highly complementary to the surrounding trade area’s predominantly Hispanic population. El Rancho is supported by national discount retailers Family Dollar and Dollar Tree and a diverse mix of medical, dental, restaurant and service-oriented tenants, including Oak Street Health, Adventure Smiles Dental, HCA Women’s Care Center and Sterling Banquet Hall. Currently 82 percent occupied, Fairmont Junction combines an established grocery-anchored income stream with multiple avenues for future value creation. Approximately 20,855 square feet of existing vacancy provides meaningful lease-up potential across a range of suite sizes, while an included pad site along the property’s prominent frontage provides an additional development or monetization opportunity.