The Market at Crenshaw

Investment Overview

Meybohm Commercial is pleased to present The Market at Crenshaw, a 37,103 SF retail center in Pasadena (Houston), Texas. Built in 2017 and 2018, the property is shadow-anchored by Burlington and Academy Sports + Outdoors, with frontage on the Sam Houston Tollway (96,847 VPD). The center is 87.5% occupied by a national and franchise lineup that includes Bath & Body Works, James Avery, Music & Arts, and Hotworx. Leasing the two vacant suites (4,650 SF), combined with contractual escalations and renewal options, is projected to lift NOI 19.4% by Year 3 and 45.4% over a 10-year hold. The trade area is supported by the Houston Ship Channel, Port Houston, and a regional healthcare cluster, with average household incomes exceeding $107,000 within seven miles.