North Junction Plaza

Transcription

1 North Junction Plaza Brad Elmore ,000 SF Shopping Center Redevelopment Up to 4,800 SF End Cap Available Now Leasing Tenant Representation Development Land Brokerage Investment Sales Property Management 8827 W. Sam Houston Parkway N. Suite 200 Houston, Texas 77040

2 North Junction Plaza Property Description North Junction Plaza is a 110,000 SF Class A shopping center located at the southeast corner of FM 1960 and I-45 in the rapidly growing North Houston corridor. The center was recently purchased and major capital improvements are planned for the center which will drive additional customer traffic. High-visibility center at one of highest traffic intersections in Houston 55,000 AADT on FM 1960 and 258,000 AADT on I-45 Excellent access with multiple curb cuts on both FM 1960 and I-45 access road Dense retail corridor in growing North Houston submarket Over 102,000 people in three-mile radius Strong area economic drivers, including IAH Airport, Exxon Campus, multiple automotive facilities High daytime population of 39,296 employees in three-mile radius Major renovation plan in progress by new ownership, including:» Facade improvements» Additional lighting» Updated signage Up to 4,800 SF End Cap Available Now Available vacancies include: 23,353 SF junior box with I-45 facade signage Prominent FM 1960 end cap (up to 4,800 SF) Up to 10,500 SF contiguous inline space 1,500 to 21,094 SF Available Future Tomball Cypress HOUSTON Hardy Toll Road Humble Katy Baytown Tollway Westpark Pasadena 610 Future Brad Elmore Rosenberg 59 A Missouri City ll R o a d A Sugar Land Ft Be nd T o Contact T B F O R R K WE N D AY PA TOLL ROAD belmore@newquest.com Pearland Galveston Bay 35 Future 6

3 North Junction Plaza Site Plan SUITE TENANT SIZE 124 Golf Warehouse 6,705 SF 132 A AT&T Wireless 2,800 SF 132B SSK Dental LLC 2,000 SF 132 C SSK Dental LLC 856 SF 132 D Texas Music Emporium 2,100 SF 132 E West Marine 5,000 SF 140 Petsmart 28,447 SF 141 AVAILABLE 23,353 SF 152 B Infinity Tint & Alarms 2,000 SF 152 C US Army Corp of Engineers 1,600 SF 152D1 Jackson Hewitt 1,160 SF 152 D AVAILABLE 2,400 SF 152 E AVAILABLE 2,3 SF 152 F AVAILABLE 5,800 SF 152 G AVAILABLE 1,384 SF 156 A AVAILABLE 1,600 SF 156 B AVAILABLE 1,520 SF 156 F AVAILABLE 4,000 SF 156 I AVAILABLE 2,000 SF 156 J Hank s Crawfish & More 2,000 SF 156 K US Army Corp of Engineers 810 SF 156 L Staff Force Personnel 2,3 SF 156 M Jas & J Hair Salon 1,600 SF 156 G AVAILABLE 3,200 SF 126 A Hertz 1,500 SF 126 B Subway 1,500 SF 156 G 126 A 126 B 156 M 156 L 156 K 156 J 156 I 156 F 156 B 156 A 152 G 152 F E 152 D 152 D1 152 D1 152 C 152 B 132 A 132 B/C D 132 E

4 North Junction Plaza New Junior Anchor Space Remodeled Inline Space

5 North Junction Plaza Trade Area Map Area Growth Census Population: 229,197 Estimated Population: 254,934 Average Income: $70,748 Housing Units: 87,289 Median Age: 31.3 HOUSTON CYPRESS STATION SQUARE CYPRESSWOOD COURT CORPORATE CAMPUS 5 Mile Radius CYPRESSWOOD COMMONS NORTHLAND CENTER BAMMEL CYPRESS STATION Census Population: 86,216 Estimated Population: 97,007 Average Income: $66,558 Housing Units: 35,797 Median Age: 31 CYPRESS LANDING CYPRESS POINTE WESTFIELD PLACE 3 Mile Radius SUBJECT PROPERTY NORTH JUNCTION PLAZA Census Population: 15,088 Estimated Population: 18,678 Average Income: $44,663 Housing Units: 7,710 Median Age: 26.8 CROSSROADS CENTER SPRING PARK VILLAGE LOUETTA CENTRAL 1 Mile Radius SPRING

6 North Junction Plaza Delivery Statistics as of 3/15 Postal Count Census, Estimates with 2020 Projections Calculated using Proportional Block Groups Summary Demographic Profile FM 1960 & I Mi 3.00 Mi 5.00 Mi FM 1960 & I Mi 3.00 Mi 5.00 Mi Demographic Adjustment Residential Demographics Summary Data Census Households 6,155 30,825 77,357 Route Active Residential Count 7,775 37,447 92,034 Census Average Persons per Household Census Population 15,037 85,1 226,421 Recalculated Route Lower range 18, , ,966 Active Population Upper range 18, , ,058 Census Households vs Route Residential Count 26.32% 21.48% 18.97% Origination Data Total Active Residential Count 7,775 37,447 92,034 Active Residential Count 7,775 37,447 92,033 Active Residential Delivery 7,738 37,031,484 Active Residential Box ,549 Additional Active General Delivery Count Total Possible Residential Count 8,008 38,461 94,367 Additional Possible General Delivery Count Census Households 6,155 30,825 77,357 Population in Households 14,892 84, ,071 1 Person Household 36.91% 25.51% 21.27% 2 Person Household 24.40% 27.70% 27.33% 3 Person Household 16.64% 17.86% 18.45% 4 Person Household 11.61% 14.58% 16.50% 5 Person Household 6.24% 8.10% 9.26% 6 or More Person Household 4.20% 6.25% 7.19% Population in Group Quarters Correctional Facilities - Adult Correctional Facilities - Juvenile % 20.16% Nursing Facilities 97.36% 81.72% 57.57% College/University Student Housing 0.56% 0.41% 0.29% Military Quarters Other Facilities 2.07% 6.45% 21.98% Total Housing Units 7,710 35,797 87,289 Occupied housing units 79.83% 86.11% 88.62% Owner-Occupied Housing Units 13.34% 49.88% 58.65% Renter-Occupied Housing Units 86.66% 50.12% 41.35% Population Households Population By Race Income Education (Age 25+) Estimated Population 18,678 97, , Projected Population 20, , ,929 Census Population 15,088 86, , Census Population 11,217 60, ,322 Projected Annual Growth to % 2.1% 2.1% Historical Annual Growth 2000 to 4.4% 4.1% 4.4% Median Age Estimated Households 7,927 36,641, Projected Households 8,550 39,424 97,128 Census Households 6,130 31,097 78, Census Households 5,120 24,161 56,587 Projected Annual Growth to % 1.5% 1.5% Historical Annual Growth 2000 to 3.7% 3.4% 4.0% Estimated White 38.0% 47.4% 47.4% Estimated Black or African American 41.3% 32.2% 30.0% Estimated Asian or Pacific Islander 2.9% 4.3% 6.3% Estimated American Indian or Native Alaskan 0.5% 0.5% 0.5% Estimated Other Races 17.3% 15.6% 15.8% Estimated Hispanic 38.1% 33.3% 33.0% Estimated Average Household Income $44,663 $66,558 $70,748 Estimated Median Household Income $37,297 $54,446 $60,253 Estimated Per Capita Income $18,989 $25,155 $25,028 Estimated Elementary (0 to 8) 12.3% 11.8% 12.5% Estimated Some High School (9 to 11) 17.2% 13.1% 12.6% Estimated High School Graduate 24.2% 21.1% 21.4% Estimated Some College 20.1% 21.2% 20.8% Estimated Associates Degree Only 5.7% 5.8% 6.3% Estimated Bachelors Degree Only 10.8% 13.4% 14.1% Estimated Graduate Degree 9.7% 13.6% 12.5% Business Demos Drop Site Business or Family Served Count 125 1,004 1,747 Active Business Deliveries 439 2,647 6,8 Possible Business Deliveries 524 3,112 8,449 Active vs Possible Business Deliveries 19.48% 17.58% 20.75% Business Estimated Total Businesses 856 3,342 8,072 Estimated Total Employees 9,615 39,296 84,541 Estimated Employee Population per Business Estimated Residential Population per Business Census Block Group Data and Custom Sites USA Geography, (Census numbers may deviate from Block Group geography based reports). Census Block Group Data and Custom Sites USA Geography, (Census numbers may deviate from Block Group geography based reports).

7 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. Information About Brokerage Services Before 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 intermedi - ary between the parties if the parties consent in writing. A broker can assist you in locating a property, prepar - 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 ofbut does not represent the buyer and must place the the owner s agent anything the buyer would not want the owner to know because an owner s agent must dis - close 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 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 par - ties 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 br ker 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 than 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 - structs 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 or Leasing Tenant Representation Development Land Brokerage Investment Sales 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. 7/24/ JG