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Description de la propriété
JLL is pleased to offer for sale the fee simple interest in 720 Dairy Ashford Road (the “Property”) located in Houston’s West Houston submarket at the high traffic intersection of Memorial Drive and Dairy Ashford. The Property is a H-E-B fulfillment center that allows the company to efficiently fulfill online orders and offer same-day delivery services to nearby consumers. The location serves as a mission critical center for H-E-B with proximity to I-10 Freeway – Houston’s dominant East-West Freeway – offering ease of access to most Houston area stores. The Property is surrounded by multiple wealthy neighborhoods with a median average income of 115,000+ and a population of 134,000 people within a 3-mile radius. This is a unique opportunity to acquire an H-E-B grocery store with below market rents at an attractive basis.
Informations clés concernant l'investissement
- Best in class, top performing grocery tenant utilizing a new fulfillment center store format
- Absolute NNN ground lease with no landlord responsibilities
- Prominent Retail location along 2 major West Houston thoroughfares with visibility to +58,500VPD
- The Katy Freeway West retail market is extremely well leased with a 10-year average occupancy rate of 94.4%