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Shopping Strip

Dairy Ashford Village

1570 S Dairy Ashford Rd, Houston, TX 77077

Listing Price: $7,126,321

Cap Rate
8.00%
Gross SF
43,173
Rentable SF
43,173
Price/Gross SF
$165.06
Lot Size
3.02 acres
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Dairy Ashford Village, located at 1570 South Dairy Ashford Road, Houston, TX 77077. The subject property is comprised of two shopping centers and a two-tenant restaurant pad, totaling 43,173 square feet on 3.02 acres. Dairy Ashford Village features excellent visibility and frontage on Dairy Ashford Road (39,904 vehicles per day) and benefits from its location across from a Kroger grocery store, located at the intersection of Dairy Ashford Road and Briar Forest Drive. The property serves as a neighborhood shopping center, which caters to over 150,000 residents within a three-mile radius, boasting an average household income of over $100,000 per year. Dairy Ashford Village’s ample parking allows it to lease to multiple restaurants. Dairy Ashford Village offers a purchaser a day one CAP rate of eight percent and a pro forma CAP rate of 9.53 percent. Underwriting includes two master leases totaling 4,485 square feet, while providing an investor additional upside to lease an additional 3,920 square feet.

Investment Highlights

  • Excellent Frontage on South Dairy Ashford Road (39,904 Vehicles Per Day)
  • Across from Kroger Grocery Store (Intersection of Briar Forest Drive and Dairy Ashford Road)
  • Ample Parking Supports Diverse Tenant Mix
  • 156,965 Residents Within Three-Mile Radius ($100,000+ Average Household Income)
  • 8% Day One CAP Rate and 12% Estimated Day One Cash-on-Cash Return
  • 9.5% Pro Forma CAP Rate and 17% Estimated Pro Forma Cash-on-Cash Return
  • $165 Per Square Foot to Building | $54 Per Square Foot to Land

Exclusively Listed By

Financing By

Listing Price: $7,126,321

Cap Rate
8.00%
Gross SF
43,173
Rentable SF
43,173
Price/Gross SF
$165.06
Lot Size
3.02 acres
Year Built
1986

Investment Highlights

  • Excellent Frontage on South Dairy Ashford Road (39,904 Vehicles Per Day)
  • Across from Kroger Grocery Store (Intersection of Briar Forest Drive and Dairy Ashford Road)
  • Ample Parking Supports Diverse Tenant Mix
  • 156,965 Residents Within Three-Mile Radius ($100,000+ Average Household Income)
  • 8% Day One CAP Rate and 12% Estimated Day One Cash-on-Cash Return
  • 9.5% Pro Forma CAP Rate and 17% Estimated Pro Forma Cash-on-Cash Return
  • $165 Per Square Foot to Building | $54 Per Square Foot to Land

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Dairy Ashford Village, located at 1570 South Dairy Ashford Road, Houston, TX 77077. The subject property is comprised of two shopping centers and a two-tenant restaurant pad, totaling 43,173 square feet on 3.02 acres. Dairy Ashford Village features excellent visibility and frontage on Dairy Ashford Road (39,904 vehicles per day) and benefits from its location across from a Kroger grocery store, located at the intersection of Dairy Ashford Road and Briar Forest Drive. The property serves as a neighborhood shopping center, which caters to over 150,000 residents within a three-mile radius, boasting an average household income of over $100,000 per year. Dairy Ashford Village’s ample parking allows it to lease to multiple restaurants. Dairy Ashford Village offers a purchaser a day one CAP rate of eight percent and a pro forma CAP rate of 9.53 percent. Underwriting includes two master leases totaling 4,485 square feet, while providing an investor additional upside to lease an additional 3,920 square feet.

Exclusively Listed By

Financing By

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