RETAIL PAD SITE FOR SALE, GROUND LEASE OR BTS€¦ · crimson park addition book 20 of plats, page...
Transcript of RETAIL PAD SITE FOR SALE, GROUND LEASE OR BTS€¦ · crimson park addition book 20 of plats, page...
RETAIL PAD SITE FOR SALE, GROUND LEASE OR BTSARLINGTON | TEXAS
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P R O P E R T Y O V E R V I E WPRICE $653,752 or $11/SF
LAND SIZE 59,432 SF
OVERVIEWSituated near the intersection of SE Green Oaks Blvd and State Highway 360, this 59,432 SF retail pad site is located in a prime retail corridor. The property is adjacent to a Dry Clean Super Center and high end, Valvoline Express Care lube center on SE Green Oaks Blvd in Arlington, Texas. SE Green Oaks carries over 23,000 vehicles per day and an additional 59,000 vehicles per day travel on State Highway 360. This site was formerly a Kwik Kar car wash that was scraped for a redevelopment opportunity by its owner. The adjacent Creekside Plaza contains tenants including Kroger, 7-Eleven, Wingstop, AutoZone, GNC, Cici’s Pizza, Sonic Drive-In and Panda Express, among others. Arlington is home to the University of Texas at Arlington, which has nearly 40,000 students enrolled. It is also home to such venues as the Dallas Cowboys AT&T Stadium, Texas Rangers Globe Life Park, Texas Live, Six Flags Over Texas and Six Flags Hurricane Harbor. The United Parcel Service will take nearly one million square feet of space as regional hub and employ over 1,400 full-time jobs in early 2019.TRAFFIC COUNTSGreen Oaks BLVD - 23,000+ VPDState Highway 360 - 59,000+ VPD
DEMOGRAPHIC OVERVIEW2017 Population Avg HH Income 2017 Employees
1 MILE 3 MILE 5 MILE14,502
$99,9752,169
111,679$87,86223,690
318,970$86,07774,709
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CRIMSON PARK ADDITIONBOOK 20 OF PLATS, PAGE 143
(HIGHW
AY 77)CRIMSON PARK ADDITION
BOOK 20 OF PLATS, PAGE 143
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DATE: 01/05/2018
HEI #: 17-156
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2018 Estimated Population 14,502 111,679 318,970
2023 Projected Population 15,595 120,207 343,770
2010 Census Population 13,909 104,772 291,777
2000 Census Population 11,694 69,811 208,312
Projected Annual Growth 2018 to 2023 1.5% 1.5% 1.6%
Historical Annual Growth 2000 to 2018 1.3% 3.3% 3.0%
2018 Median Age 32.4 31.5 31.8
2018 Estimated Households 4,461 35,241 102,991
2023 Projected Households 4,717 37,376 109,562
2010 Census Households 4,322 33,362 94,933
2000 Census Households 3,590 22,442 70,290
Projected Annual Growth 2018 to 2023 1.1% 1.2% 1.3%
Historical Annual Growth 2000 to 2018 1.3% 3.2% 2.6%
2018 Estimated White 42.9% 41.4% 47.5%
2018 Estimated Black or African American 29.2% 29.9% 24.7%
2018 Estimated Asian or Pacific Islander 13.2% 13.1% 10.1%
2018 Estimated American Indian or Native Alaskan 0.5% 0.6% 0.7%
2018 Estimated Other Races 14.1% 14.9% 17.0%
2018 Estimated Hispanic 27.4% 28.0% 33.1%
2018 Estimated Average Household Income $99,975 $87,862 $86,077
2018 Estimated Median Household Income $80,849 $72,391 $70,269
2018 Estimated Per Capita Income $30,766 $27,734 $27,806
2018 Estimated Elementary (Grade Level 0 to 8) 4.3% 6.4% 8.7%
2018 Estimated Some High School (Grade Level 9 to 11) 5.4% 7.7% 8.4%
2018 Estimated High School Graduate 25.5% 24.7% 24.9%
2018 Estimated Some College 27.0% 25.6% 23.0%
2018 Estimated Associates Degree Only 9.7% 8.3% 7.9%
2018 Estimated Bachelors Degree Only 20.1% 19.8% 19.3%
2018 Estimated Graduate Degree 8.0% 7.6% 7.8%
2018 Estimated Total Businesses 185 1,976 7,239
2018 Estimated Total Employees 2,169 23,690 74,709
2018 Estimated Employee Population per Business 11.8 12.0 10.3
2018 Estimated Residential Population per Business 78.6 56.5 44.1
5 mi radiusArlington, TX 76018
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2100 SE Green Oaks Blvd1 mi radius 3 mi radius
D E M O G R A P H I C S
D I S C L A I M E RC O N T A C T S
JOSH COHNASSOCIATE
ADDRESS4514 Cole Avenue, Suite 1210
Dallas, TX 75205
WWW.REALCAPITALINVESTMENTS.COM
Disclaimer: The information contained in this Offering Memorandum is proprietary and strict-ly confidential. It is furnished solely for the purpose of considering the purchase of the enclosed property and is not to be used for any other purposes. This information should not, under any circumstances, be made available or disclosed to any third party without the express written consent of Real Capital Investments or Owner, or used for any purpose what-soever other than to evaluate the possible purchase of the Property. Real Capital Invest-ments nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Memorandum may include certain statements and estimates by Real Capital Investments with respect to the projected future performance of the Proper-ty. These Assumptions may or may not be proven to be correct, and there can be no assur-ance that such estimates will be achieved. Real Capital Investments and the Owner disclaim any and all liability for representations or warranties, expressed or implied, con-tained in or omitted from this Offering Memorandum, or any other written or oral communi-cation transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase and Sale Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or Real Capital Investments, nor any of their officers, employees, representatives, independent contractors, or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Memorandum are advised and encour-aged to conduct their own comprehensive review and analysis of the Property. This Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until the Owner executes and deliv-ers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release Owner and Real Capital Investments from any liability with respect hereto.