Deerbrook Corner is a 96 percent leased, 91,078-square-foot, multi-tenant retail center located in Humble Texas. Anchored by Ashley Furniture, the tenant base is a complementary mix of internet-resistant, service-oriented businesses including Gomez Western Wear, 4 Suites Social, Arabian Knight Restaurant and Lounge, Freeway Insurance Services, DNA Comics, D’Lux Vivre Venue, Phoenix Rising Vapor, Dixon Jewelers, and Express Insurance and Tax Specialists. The property also includes two single-tenant buildings leased to Popeye’s Louisiana Chicken and Chili’s Grill & Bar. Originally constructed in 1984, the center is situated on a 4.72-acre parcel with ample paved parking. The subject property has several pylon signs strategically located on the property, providing additional exposure to the center.
The subject property is well-positioned in a dense retail trade area off Interstate 69 at the signalized intersection with Farm to Market 1960 Bypass Road. Cumulative traffic counts exceed 221,780 vehicles per day. Deerbrook Mall is located directly across the interstate, featuring more than 130 stores and anchored by Dillard’s, Macy’s, JCPenney, and Dick’s Sporting Goods. Numerous national and regional retailers are in close proximity, including The Home Depot, Best Buy, World Market, Marshalls, Old Navy, PetSmart, Total Wine & More, Half Price Books, Michaels, Five Below, Petco, Chuck E. Cheese’s, Kroger, Walmart Supercenter, and many more. Memorial Hermann Northeast Hospital is less than one mile south of the property, a 255-bed facility serving the Lake Houston and Kingwood area for more than 30 years. The hospital also serves as the official healthcare provider to passengers traveling through Houston’s George Bush International Airport, which is less than five miles away. Several hotels in the neighboring area provide additional traffic to the retail tenants. Deerbrook Corner’s location enjoys strong demographics with a population of more than 138,960 residents with an average household income exceeding $86,510 within a five mile radius.
- 91,078-Square-Foot, Multi-Tenant Retail Center Located in a Prime Retail Trade Area of Humble, Texas (Houston MSA)
- Stabilized Asset | 96% Occupied | All Leases are Triple-Net
- Current Rents are Well Below Market | Future Upside Potential
- Anchored by Ashley Furniture (57% of Gross Leasable Area) | Long-Term Tenant in Place for 40+ Years | This Location is Ranked in the Top 63rd Percentile in the United States, Compared to other Ashley Stores (source: Placer.AI)
- Includes Pad Sites Leased to Popeye’s Louisiana Chicken and Chili’s Grill & Bar | Long-Term Tenants in the Center for 35 Years and 24 Years, Respectively
- Remaining Tenants are a Complementary Mix of Internet-Resistant and Service-Oriented Businesses and Restaurants
- Priced at $177 Per Square Foot
- Located a Dense Retail Trade Area at the Signalized Intersection of Interstate 69 and FM 1960 Bypass Road Intersection
- Extremely High Traffic Counts | 174,133 VPD’s on Interstate 69 and 47,646 VPD’s on FM 1960
- Across from Deerbrook Mall, a Regional Shopping Destination Featuring more than 130 Shops | Anchored by Dillard’s, Macy’s, JCPenney, and Dick’s Sporting Goods | Strong Traffic Driver with 2.5 Million Visits Annually (source: Placer.AI)
- Numerous National Retailers in the Immediate Area Including The Home Depot, Best Buy, World Market, Marshalls, Old Navy, PetSmart, Michaels, Five Below, Walmart Supercenter, Kroger, and Many Others
- Surrounding Area has Excellent Demographics | Residential Population is 138,960 People with an Average Household Income of $86,510 within a Five-Mile Radius
- Less than One Mile from Memorial Hermann Northeast Hospital | 255-Bed Facility Providing World-Class Care
- George Bush International Airport (IAH) is Five Miles from the Property | Serves Approximately 41 Million Passengers Annually | Ranked as the Best U.S. Airport and Second-Best in North America at World Airport Awards in 2020
