Deerbrook Corner

Adjacent to Deerbrook Mall: The property benefits from immediate proximity to one of Northeast Houston’s dominant regional retail destinations, anchored by Macy’s, Dillard’s, JCPenney, and AMC Theatres, driving consistent consumer traffic and long-term tenant demand.
High-Performing Ashley Furniture Anchor: The center is anchored by Ashley Furniture, which has operated at this location for over 40 years and ranks 53/854 or 94th percentile nationally (Source: Alpha Map), providing a stable and proven traffic driver.
Long-Term Outparcel Tenancy: The Property features two national pad sites occupied by Chili’s (27 years) and Popeyes (38 years), demonstrating strong site fundamentals and long-term tenant commitment.
Signalized Corner Location: Positioned at the signalized intersection of FM 1960 and the US-59 feeder road, offering excellent ingress/egress and visibility.
Recent Retail Growth: Located next to a newly opened Portillo’s, further validating the strength of the trade area and continued retail expansion.
High-Exposure Freeway Frontage: Fronting Interstate 69 (US-59) with traffic counts exceeding 118,495 vehicles per day, providing exceptional visibility and accessibility.
Mark-to-Market Opportunity: In-place rents are below current market levels at $14 PSF, presenting investors with the opportunity to increase cash flow through re-leasing or tenant rollover.
Low Casual Dining Pad Rent To Sales: Less than a 6.00% Rent to Sales Ratio. In 2025, the Chili’s did $3,698,000 in sales.
Below Replacement Cost Pricing: Offered at approximately $181 PSF, significantly below the cost to acquire land and construct comparable improvements in today’s environment.
Surrounded by National Retailers: Located within a dominant retail corridor supported by Best Buy, Marshalls, Ulta Beauty, PetSmart, Old Navy, Office Depot, and Crunch Fitness, reinforcing strong consumer draw and tenant demand.

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Patrick Graham