South Dairy Ashford at Brookglade

Marcus & Millichap is pleased to exclusively list for sale a retail center located at 9051 S Dairy Ashford Road, offering the opportunity for buyers to acquire a fully occupied multi-tenant retail center on high visibility corner lot in the heart of Southwest Houston. The 10,000-square-foot property was originally constructed on the .8-acre lot in 1981, which has since had roof and fascia renovations. The shopping center has nine retail suites, thirty-eight surface parking spaces, and a prime location in a dense residential and retail hub. The Property fronts the intersection of S Dairy Ashford and Brookglade, providing direct exposure to 20,000 passing vehicles daily.

The retail center is fully occupied by a diverse tenant mix, including convenience stores, religious institutions, party rentals, et cetera. All tenants are on a NNN lease meaning 100 percent of expenses are reimbursable, ensuring that tenants absorb any increases in expenses. There is an additional strong upside by bringing rents in line with the area average, capturing positive market trends. Nearby retail centers are asking $18 per square foot plus triple-nets.

South Dairy Ashford at Brookglade shopping center is in close proximity to a high concentration of nearby national retailers drives traffic to the area, including LA Fitness, The Home Depot, Whataburger, Walmart, and many more. There is a growing population of 483,278 people within five miles, daytime employment of 193,278, and a retail workforce of over 30,000. Residents command an average household income of $70,760, resulting in robust consumer spending of $4.5 billion, with over $4 billion spent in retail segments.