Investment Overview

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.