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.