Queen Anne s Village Center
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1 Queen Anne s Village Center Main Street, Chester, MD Leased by: Craig S. Cheney ccheney@klnb.com Dallon L. Cheney dcheney@klnb.com
2 Queen Anne s Village Center Main Street, Chester, MD Executive Summary Property Highlights: PROJECT OVERVIEW: PHASE 1 -Mixed-Use -206,105 of Retail anchored by Harris Teeter -440 Residential Units 190 Single Family 60 Townhomes 190 Apartments -Community center & community park PHASE 2-96,690 of Retail -140 Residential Units TRAFFIC COUNTS: Route 50-63,512 ADT (2013) Route /Main St. - 10,000 ADT (2013) DELIVERY: PHASE 1-2nd Quarter 2017 PHASE 2 - TBD DEVELOPERS: Dillon Development Partners & Finisterre Design & Development Corp. The Village Center will be a regional retail destination that also provides daily retail needs, with grocery, movie theater, restaurants, lifestyle retail, junior anchors and a variety of small shops. High volume Safeway located across the street from Queen Anne s Village Center in a captive market confirming an under served market. is the gateway to the DELMARVA Eastern Shore for all working commuters and tourism coming from the Western Shore. The retail center is conveniently located just off of Route 50, the main thoroughfare from Baltimore and Washington DC. New, under construction, and future residential development on in Gibsons Grant, Ellendale, Four Seasons, Queen Anne s Village Center, Mears Point Marina, and Promenade at Red Apple Plaza total nearly 2,400 units.
3 Retail Marketplace Profile: A Captive Underserved Market Shows Strong Retail Demand in an Underserved Market Retail MarketPlace Profile Area: square miles Latitude: Longitude: Summary Demographics 2014 Population 58, Households 21, Median Disposable Income $64, Per Capita Income $38,582 NAICS Demand Supply Retail Gap Leakage/Surplus Number of Factor Industry Summary (Retail Potential) (Retail Sales) Businesses Total Retail Trade and Food & Drink 44-45,722 $921,540,458 $604,770,833 $31 6,769, Total Retail Trade $828,371,227 $552,023,788 $276,347, Total Food & Drink 722 $93,1 69,231 $52,747,045 $40,422, NAICS Demand Supply Retail Gap Leakage/Surplus Number of Factor Industry Group (Retail Potential) (Retail Sales) Businesses Motor Vehicle & Parts Dealers 441 $177,375,256 $63,298,042 $114,077, Automobile Dealers 4411 $154,280,273 $12,864,485 $141,415, Auto Parts, Accessories & Tire Stores 4413 $11,497,925 $7,577,889 $3,920, Electronics & Appliance Stores 443 $23,883,820 $4,101,535 $1 9,782, Bldg Material & Supplies Dealers 4441 $25,286,926 $20,987,295 $4,299, Food & Beverage Stores 445 $1 57,709,820 $78,631,650 $79,078, Grocery Stores 4451 $1 37,230,956 $59,627,319 $77,603, Specialty Food Stores 4452 $3,836,849 $2,087,848 $1,749, Health & Personal Care Stores 446,4461 $63,220,133 $47,121,843 $1 6,098, Gasoline Stations 447,4471 $74,140,766 $60,956,677 $13,4, Shoe Stores 4482 $7,631,745 $5,944,608 $1,687, Sporting Goods, Hobby, Book & Music Stores 451 $21,417,675 $6,846,788 $14,570, Sporting Goods/Hobby/Musical Instr Stores 4511 $1 6,698,815 $5,199,287 $11,499, Book, Periodical & Music Stores 4512 $4,71 8,860 $1,647,500 $3,071, General Merchandise Stores 452 $1 22,380,588 $28,674,644 $93,705, Department Stores Excluding Leased Depts $60,736,525 $5,777,891 $54,958, Other General Merchandise Stores 4529 $61,644,063 $22,896,753 $38,747, Florists 4531 $1,364,599 $1,266,556 $98, Office Supplies, Stationery & Gift Stores 4532 $6,91 2,815 $817,543 $6,095, Used Merchandise Stores 4533 $3,500,8 $3,283,072 $ 217, Nonstore Retailers 454 $56,400,045 $35,330,077 $21,069, Electronic Shopping & Mail-Order Houses 4541 $32,730,273 $16,080,897 $16,649, Vending Machine Operators 4542 $3,671,455 $2,202,577 $1,468, Direct Selling Establishments 4543 $1 9,998,317 $17,046, Food Services & Drinking Places 722 $93,169,231 $52,747,045 $40,422, Full-Service Restaurants 7221 $47,675,022 $23,347,497 $24,327, Limited-Service Eating Places 7222 $38,961,463 $20,859,425 $1 8,102, Drinking Places - Alcoholic Beverages 7224 $2,156,499 $1,528,297 $628, Data Note: Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses are excluded. Demand (retail potential) estimates the expected amount spent by consumers at retail establishments. Supply and demand estimates are in current dollars. The Leakage/Surplus Factor presents a snapshot of retail opportunity. This is a measure of the relationship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents 'leakage' of retail opportunity outside the trade area. A negative value represents a surplus of retail sales, a market where customers are drawn in from outside the trade area. The Retail Gap represents the difference between Retail Potential and Retail Sales. Esri uses the North American Industry Classification System (NAICS) to classify businesses by their primary type of economic activity. Retail establishments are classified into 27 industry groups in the Retail Trade sector, as well as four industry groups within the Food Services & Drinking Establishments subsector. For more information on the Retail M arketplace data, please view the methodology statement at whitepapers/pdfs/esri-data-retail-marketplace.pdf. Source: Esri and Dun & Bradstreet. Copyright 2014 Dun & Bradstreet, Inc. All rights reserved. November 17, Esri Page 1 of 2 The retail trade area is a captive market of 58,340 consumers averse to paying the $6.00 Bay Bridge Toll to go shopping. and Queen Anne s County, MD is an emerging growth area and bedroom community to an educated workforce heading the major employment centers in Washington DC, Baltimore, Annapolis, Ft. Meade and Columbia. The total demand for retail in the trade area significantly outweighs the supply by an estimated $316 million annually in potential retail sales.
4 Market Overview: 1,079 Four Seasons 290 Kent Landing SC Thompson Creek SC SC Gibsons Grant Kent Towne Market 63,512 ADT (2013) Chester Village Prime Outlets at Queenstown 7.5 Miles East 65 OUTLET STORES including Adidas Banana Republic, Calvin Klein, Coach, Gucci, J.Crew, Michael Kors, Nike, Polo Ralph Lauren. Brightwater Home Loans Tidewater Mortgage Kent Square SC Rainbow Plaza 10,000 ADT (2013) Red Apple Plaza Carini s Pizza & Pasta Consignment Shop 356 Romancoke Road 286 Ellendale Promenade at Red Apple Plaza Queen Anne s Village Center Queen Anne s County, Maryland - Google Earth Pro - Fall 2012 Aerial Photograph While we have no reason to doubt the accuracy of any of the information supplied, we cannot, and do not, guarantee its accuracy.
5 Car Access Aerial: Chickfil-A 63,512 ADT (2013) Express Phase II MAIN STREET 5,500 5,500 4,665 4, ,550 S. PINEY ROAD Phase ,000 ADT (2013) 5,800 5,800 6,550 5,800 5,800 Department Store CO- 31,900 31, ,000 10,000 Breezeway 2,500 Breezeway Breezeway 4,000 4, K Park 5,000 2,500 5, K Breezeway FROM CHURCH BEER & WINE 5,000 5,000 GROCERY STORE Grocery 53,100 53,100 Expansion Area Expansion Area 11,900 Queen Anne s County, Maryland 12,000 12,000 Future Retail 21, Future Retail 14,000 MOVIE THEATER Cinema ,000 35,000 3 Daycare 10, Google Earth Pro - Fall 2012 Aerial Photograph 7 6 While we have no reason to doubt the accuracy of any of the information supplied, we cannot, and do not, guarantee its accuracy. P.H. 2,330 Community Center 7,625
6 Trade Area Map TRADE AREA DEMOGRAPHICS (2014): EST. POPULATION: 58,340 HOUSEHOLDS: 21,829 MEDIAN HH INCOME: $84,482 AREA: SQ MI Queen Anne s County, Maryland - Google Earth Pro - Fall 2012 Aerial Photograph While we have no reason to doubt the accuracy of any of the information supplied, we cannot, and do not, guarantee its accuracy.
7 Movie Theater Competition Map Established screens Digital Projection 45 mins driving without traffic 33.4 miles driving TRADE AREA DEMOGRAPHICS (2014): EST. POPULATION: 84,213 HOUSEHOLDS: 32,299 MEDIAN HH INCOME: $70,061 Established screens 3D & DTS Digital Sound 28 minutes driving without traffic 26.4 miles driving Queen Anne s County, Maryland - Google Earth Pro - Fall 2012 Aerial Photograph While we have no reason to doubt the accuracy of any of the information supplied, we cannot, and do not, guarantee its accuracy. = POLYGON TRADE AREA DESIGNATES MAXIMUM OF 40 MINUTE DRIVE TIME
8 Grocery Store Competition Map TRADE AREA DEMOGRAPHICS (2014): EST. POPULATION: 58,340 HOUSEHOLDS: 21,829 MEDIAN HH INCOME: $84,482 AREA: SQ MI Queen Anne s County, Maryland - Google Earth Pro - Fall 2012 Aerial Photograph While we have no reason to doubt the accuracy of any of the information supplied, we cannot, and do not, guarantee its accuracy.
9 Breezeway 5,000 Breezeway Overall Site Plan: Chickfil-A 5,500 Express 4,665 Phase II MAIN STREET 6,550 5,800 5,800 S. PINEY ROAD FROM CHURCH Phase 1 Department Store CO- 31,900 31, ,000 10,000 4, K Park Breezeway Breezeway 2.5K 145 5,000 GROCERY STORE 53,100 Grocery 53,100 Expansion Expansion Area 11, MOVIE Cinema 12,000 THEATER 35,000 Future Retail 35,000 14,000 Future 248 Retail ,210 12, Daycare 10, Community Center 7,625 P.H. 2,330 QUEEN ANNE S VILLAGE CENTER RESIDENTIAL LAND USE SUMMARY COMMERCIAL Retail (Tenants) Retail (Out Parcels) Total Commercial CIVIC USES Daycare Community Center EMS Station Total Civic Uses TOTAL NEW CONSTRUCTION Area 274,360 28, ,675 10,000 7,625 3,500 21,125 3,480 PARKING REQUIRED Retail Parking Req. (302,675 x 4.00/1,000) Additional Cinema Parking Req. Phase II Total Surface Parking Req. Phase II Total Surface Parking Provided 1,210 Spaces 205 Spaces 1,415 Spaces 1,624 Spaces Environmental Preserve Area Approx. 1,000 Critical Area Line T6 Neighborhood Village Center (Mixed Use) T5 Medium Residential (Townhomes) T4 Low Residential (Single Family) * T1 Countryside / Greenbelt Total Land Use *Includes: Village Green Community Center Daycare Community Park Total Acres 5.35 Acres Acres 5.75 Acres Acres 3.16 Acres 0.90 Acres 2.00 Acres 2.37 Acres 8.43 Acres GOODHAND CREEK ROAD NEIGHBORHOOD VILLAGE CENTER, N.V.C. QUEEN ANNE S COUNTY, MD - CONCEPTUAL GROUND PLAN : PHASE II ROY HIGGS INTERNATIONAL, LLC NOVEMBER 2014 NORTH
10 5,000 Site Plan: 5,500 5,500 Express 4,665 4,665 Phase II MAIN STREET 6,550 6,550 5,800 5,800 S. PINEY ROAD FROM CHURCH Phase 1 Department Store 31, ,000 Breezeway 2,500 2,500 BEER & WINE CO- 10,000 GROCERY 5,000 31,900 STORE 53,100 4, K Park 2.5K Breezeway Breezeway 4,000 5,000 Breezeway 145 5,000 Grocery 53,100 Expansion Area 11, KEY = = RETAIL = RESTAURANT 12, MOVIE THEATER Cinema 12,000 Future 35,000 35,000 Retail Future 14, Retail , Daycare 10,000 P.H. 2,330 Community Center 7,625
11 Elevations: Lifestyle Retail with Restaurants & Theater Junior Anchor & Other Storefronts Harris Teeter Anchored
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