Meyer Park Shopping Center

Transcription

1 Heather Nguyen Rebecca Le Retail Space for Lease - Anchor Space Leasing Tenant Representation Development Land Brokerage Acquisition Property Management

2 R K B W TOLL ROAD D Meyer Park Shopping Center Johnston Middle School Lovett Elementary School Meyer Park Center is located on the northeast corner of South Post Oak and West Bellfort, in the Meyerland community. Encompassing over 400,000 square feet of retail space, Meyer Park is a unique development that services both the surrounding neighborhoods and the high daytime population based Kolter Elementary School off the Loop 610 business corridor. The strong tenant mix of national and local retailers makes Meyer Park a daily shopping destination for a majority of the residents in the immediate vicinity. The Meyerland area is one of Houston s historic communities, encompassing over 6,000 acres between Loop 610 and Beltway 8 in southwest Houston. Initially developed in the 1950 s, Meyerland has evolved into one of the city s prestige trade areas, featuring a solidified residential and retail base with solid real estate values. Spaces: Pad Sites: S. Post Oak Rd. Loop 610 #23: 13,000 SF #30: 2,075 SF #38: 979 SF #27: 1.77 acres #28: 1.38 acres #41: 1.38 acres #40: 3,425 SF #25A 11,000 SF Demographics 1.00 Mi 2.00 Mi 3.00 Mi Active Population 60, , ,780 Residential Count: 24,846 63, ,149 Average Household Income $110,796 $92,148 $82,694 Tomball Future 99 Growth Since 2010 Census 13.73% 14.11% 16.88% 90 Tenants Location Bellfort Ave. BELLAIRE MEYERLAND 610 West Bellfort Ave South Loop Freeway 90 NRG STADIUM ASTRODOME Katy TEXAS MEDICAL CENTER 610 Autumn Leaves Cypress Assisted Living West Bellfort Ave The Reserve at Meyer Park (345 units) 45 Hardy Toll Road Houston Humble / / Metro Location HOUSTON 10 Baytown West Bellfort Ave South Main St (Controlled Access Freeway) F O P A R T R K B W TOLL ROAD Future Post Oak/Fort Bend Toll Roa d E N A Y D South Post Oak Rd 90A 90A Rosenberg 288 South Freeway Sugar Land Westpark Tollway 90A Missouri City 6 F O P A R T Ft Bend Toll Road E N A Y 288 Future 35 Pearland Heather Nguyen hnguyen@newquest.com Galveston Bay 146 Rebecca Le rle@newquest.com

3 SITE PLAN MEYER PARK STORAGE CENTER THE RESERVE AT MEYER PARK 345 UNITS MEYER FOREST DRIVE AUTUMN LEAVES SENIOR LIVING FACILITY TENANT # TENANT Sherwin Williams Orthodontist General Dentist Children s Dentist Tip Top Cleaners Colony Liquors Tax & Postal Center Edward D. Jones Cut Away Salon Randall s The Vision Source Sally Beauty Supply Frame Design Miracle Ear SAS Shoes Tic Tac Nails & Spa GNC Radio Shack Dollar Tree Marble Slab Creamery FOR LEASE SF 6,000 1,225 1,475 1, , ,200 1,300 56,208 1,773 2,040 1,200 1,165 2,400 1,200 1,200 2,405 7,697 1,052 TENANT # TENANT 21 Beijing Foot Reflexology Hu s Garden Restaurant Future Retail Kohl s 25 Burlington 25A Luby s Cafeteria Pad Site Pad Site Fuddruckers Mattress One Catherine s T-Mobile WingStop WingStop Banfield Pet Hospital Fuzzy s Tacos Wells Fargo Bank Pad Site SF 975 4,068 13,000 64,250 60,211 10,937 9, AC 1.38 AC 5,440 2,075 4,921 3,900 2, ,814 2,938 3,505 2, ,427 3, AC SOUTH LOOP WEST FREEWAY MEYER PARK LAKESIDE 296 UNITS A WEST BELLFORT STREET SOUTH POST OAK ROAD architecture +planning boucher design group MEYER PARK CENTER April 1, 2015 HOUSTON, TEXAS SP

4 SITE AERIAL Loop 610 MEYERLAND PLAZA Loop 610 Meyer Park Lakeside (296 units) The Reserve at Meyer Park (345 units) Autumn Leaves Assisted Living S. Post Oak Rd. Bellfort Ave / /2015

5 SITE AERIAL Johnston Middle School Lovett Elementary School Kolter Elementary School S. Post Oak Rd. Loop 610 Bellfort Ave. Autumn Leaves Assisted Living The Reserve at Meyer Park (345 units) / /2015

6 Meyer Park Shopping Center SITE AERIAL 8.15

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8 Delivery Statistics as of 6/15 DEMOGRAPHICS Census, 2015 Estimates with 2020 Projections DEMOGRAPHICS 2.00 Mi 3.00 Mi 5.00 Mi DEMOGRAPHIC ADJUSTMENT Summary Data Census 2010 Households 21,846 55, ,833 Route Active Residential Count 24,846 63, ,149 Census 2010 Average Persons per Household Census 2010 Population 53, , ,874 Recalculated Route Lower range 60, , ,156 Active Population Upper range 60, , ,780 Census Households vs Route Residential Count 13.73% 14.11% 16.88% RESIDENTIAL DEMOGRAPHICS Origination Data Total Active Residential Count 24,846 63, ,149 Active Residential Count 24,846 63, ,148 Active Residential Delivery 23,724 60, ,042 Active Residential Box 1,122 2,862 7,105 Additional Active General Delivery Count Total Possible Residential Count 25,801 66, ,894 Additional Possible General Delivery Count Census 2010 Households 21,846 55, ,833 Population in Households 53, , ,380 1 Person Household 29.97% 28.40% 32.33% 2 Person Household 32.51% 29.16% 27.93% 3 Person Household 16.10% 16.09% 14.84% 4 Person Household 12.93% 13.79% 12.41% 5 Person Household 5.44% 7.13% 6.84% 6 or More Person Household 3.05% 5.43% 5.66% Population in Group Quarters ,494 Correctional Facilities - Adult % 0.15% Correctional Facilities - Juvenile 2.37% 6.32% 2.42% Nursing Facilities 63.10% 64.38% 22.48% College/University Student Housing % Military Quarters Other Facilities 34.53% 28.25% 12.07% Total Housing Units 23,749 61, ,053 Occupied housing units 91.99% 89.89% 87.93% Owner-Occupied Housing Units 61.55% 52.86% 42.84% Renter-Occupied Housing Units 38.45% 47.14% 57.16% BUSINESS DEMOGRAPHICS Drop Site Business or Family Served Count 480 1,326 5,402 Active Business Deliveries 1,707 6,015 23,123 Possible Business Deliveries 1,909 6,595 25,745 Active vs Possible Business Deliveries 11.79% 9.65% 11.34% 2.00 Mi 3.00 Mi 5.00 Mi POPULATION 2015 Estimated Population 54, , , Projected Population 60, , , Census Population 51, , , Census Population 51, , ,422 Projected Annual Growth 2015 to % 2.1% 2.2% Historical Annual Growth 2000 to % 1.0% 1.2% AGE 2015 Median Age HOUSEHOLDS 2015 Estimated Households 23,089 62, , Projected Households 25,016 68, , Census Households 21,344 56, , Census Households 21,085 53, ,999 Projected Annual Growth 2015 to % 1.7% 1.7% Historical Annual Growth 2000 to % 1.1% 1.2% RACE AND ETHNICITY 2015 Estimated White 66.4% 53.9% 49.2% 2015 Estimated Black or African American 12.3% 20.9% 22.7% 2015 Estimated Asian or Pacific Islander 11.4% 8.4% 9.8% 2015 Estimated American Indian or Native Alaskan 0.4% 0.5% 0.7% 2015 Estimated Other Races 9.6% 16.2% 17.5% 2015 Estimated Hispanic 23.8% 35.9% 39.3% INCOME 2015 Estimated Average Household Income $110,796 $92,148 $82, Estimated Median Household Income $83,106 $68,046 $61, Estimated Per Capita Income $46,639 $35,838 $32,901 EDUCATION (AGE 25+) 2015 Estimated Elementary (Grade Level 0 to 8) 8.3% 15.4% 18.5% 2015 Estimated Some High School (Grade Level 9 to 11) 6.5% 9.2% 10.1% 2015 Estimated High School Graduate 9.4% 13.0% 13.3% 2015 Estimated Some College 13.1% 13.3% 12.7% 2015 Estimated Associates Degree Only 2.4% 3.0% 2.9% 2015 Estimated Bachelors Degree Only 22.4% 16.9% 16.3% 2015 Estimated Graduate Degree 37.9% 29.1% 26.2% BUSINESS 2015 Estimated Total Businesses 1,664 6,308 29, Estimated Total Employees 14,687 58, , Estimated Employee Population per Business Estimated Residential Population per Business

9 Information About Brokerage Services Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. B efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner s agent anything the buyer would not want the owner to know because an owner s agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer s agent anything the owner would not want the buyer to know because a buyer s agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less that the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding. Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee s records. Buyer, Seller, Landlord or Tenant Date Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas , ( TREC No. OP-K / newquest.com Leasing Tenant Representation Development Land Brokerage Acquisition Property Management 8827 W. Sam Houston Parkway N. Suite 200 Houston, Texas The information herein while based on data supplied by sources deemed reliable, is subject to errors or omissions and is not, in any way, warranted by NewQuest Properties or by any agent, independent associate or employee of NewQuest Properties. This information is subject to change without notice. Rev. 11/13/15 jc