Shiloh Crossing Morrisville, NC

Transcription

1 Morrisville, NC Site Summary Report Project Developed By: Retail Leasing Contact: George Richards Amy Watkins

2 Site Summary Reference Exhibits: Exhibit 1 Area Map Exhibit 2 Aerial View Exhibit 3 Site Plan Exhibit 4 Renderings Exhibit 5 Demographics Site Description Location Proposed Wal-Mart and Sam s Club anchored retail center to be built at the northwest intersection of Chapel Hill Road/NC Hwy 54 and I-540 in Morrisville, North Carolina see Exhibit 1. Size The preliminary development plan for the center will include 355,000 square feet of anchor space, 183,000 square feet of retail space and up to 8 outparcels see Exhibit 3. Improvements The landlord will deliver the retail space in raw shell condition with utilities stubbed to the premises. Outparcels will be delivered in rough-graded condition with utilities to the property line. Delivery Current plans have Wal-Mart and Sam s Club with a target opening of Fall Retail space and outparcels to be delivered Fall Visibility The project will enjoy unusually good visibility from I-540 and excellent visibility from Chapel Hill Road/NC Hwy 54. Traffic Counts NC Hwy 54 traffic volumes for 2005 are projected to be 20,000 25,000 vehicles per day (VPD) in the vicinity of the proposed interchange with I-540. Future, I-540 traffic volumes are projected to be 80,000 VPD west of NC Hwy 54 and 105,000 VPD east of NC Hwy 54. Proximity to Residential Areas The demographic report for this location (see Exhibit 4) estimates a 2005 population of 42,509 within 5 miles, with an average household income of $102,773. The site is less than one mile from the western intersection of I-40 and I-540, closer than any other major retail development. Approximately 250,000 people will be within a fifteen-minute drive of this site after completion of I-540. Page 1 of 2

3 Site Summary Proximity to Office Traffic Generators The site is less than one mile from the world-renowned Research Triangle Park (RTP), the largest employment center in the region with an employment estimate of 44,000. Also within one mile are the Imperial Center, Keystone Business Park and Perimeter Park with an employment estimate of 14,000. Streets & Driveways Location of ingress/egress points There will be multiple access points to the center, shown most clearly on Exhibit 3. Planned road construction near or through the site I-540 is schedule for completion in Spring Chapel Hill Road/NC Hwy 54 will be widened to six thru lanes plus turn lanes in front of the project see Exhibit 3. Medians affecting the site see Exhibit 3. Parking The location and configuration of the parking fields will be as generally shown on Exhibit 3, but will be revised as building footprints and locations are finalized. Signage Sign criteria for the project is being developed for submission to the Town of Morrisville for review and approval. Page 2 of 2

4 Area Map Exhibit 1 Durham Research Triangle Park Raleigh-Durham Airport SITE Morrisville Raleigh Cary Apex

5 Aerial Exhibit 2 Brier Creek Research Triangle Park 1 2 Raleigh-Durham Airport Planned Residential (# Units) 1) Kitts Creek (550) 2) Weaver Pond (450) 3) Stonehedge Townes (92) 4) Amberly (6200) Existing Office Parks 1) Keystone Business Park 2) Imperial Center 3) Perimeter Park 4) Perimeter Park West

6 Site Plan Exhibit The Town of Morrisville is requiring that these two parcels be combined and developed for one multi-tenant building, so they are not available for parcel users. Same with these two parcels These parcels are available for singletenant users. See Exhibit 3-2 for an alternate layout for these parcels that was prepared by developer s engineers to use actual building footprints for three casual dining concepts and three fast food concepts.

7 Site Plan Exhibit $120,000/yr ground lease 10 $1,100,000 5 $120,000/yr ground lease A 6 $1,200,000 $1,300,000 $800,000

8 Retail Space Rendering Example Only Shiloh Crossing Renderings Exhibit 4

9 Prepared For: Richards Commercial Project Code: Shiloh Crossings Pop-Facts: Demographic Quick Facts Report Order #: Site: 01 Description miles miles miles Population 2010 Projection 3,811 52, , Estimate 3,058 42, , Census 2,280 31, , Census ,091 52,868 Growth % % % Households 2010 Projection 1,543 21,649 61, Estimate 1,236 17,345 52, Census ,941 42, Census 370 5,616 21,000 Growth % % % 2005 Est. Population by Single Classification Race 3,058 42, ,374 White Alone 2, , , Black or African American Alone , , American Indian and Alaska Native Alone Asian Alone , , Native Hawaiian and Other Pacific Islander Alone Some Other Race Alone , Two or More Races , Est. Population Hispanic or Latino 3,058 42, ,374 Hispanic or Latino , , Not Hispanic or Latino 2, , , Tenure of Occupied Housing Units 1,236 17,345 52,434 Owner Occupied , , Renter Occupied , , Average Household Size Prepared On: Tues Oct 18, 2005 Page 1 Of CLARITAS INC. All rights reserved. Claritas Tech Support:

10 Prepared For: Richards Commercial Project Code: Shiloh Crossings Pop-Facts: Demographic Quick Facts Report Order #: Site: 01 Description miles miles miles 2005 Est. Households by Household Income 1,236 17,345 52,434 Income Less than $15, , Income $15,000 - $24, , Income $25,000 - $34, , , Income $35,000 - $49, , , Income $50,000 - $74, , , Income $75,000 - $99, , , Income $100,000 - $149, , , Income $150,000 - $249, , , Income $250,000 - $499, , Income $500,000 and over Est. Average Household Income $109,320 $102,773 $90, Est. Median Household Income $85,066 $81,957 $74, Est. Per Capita Income $44,213 $41,962 $36,482 Prepared On: Tues Oct 18, 2005 Page 2 Of CLARITAS INC. All rights reserved. Claritas Tech Support:

11 Prepared For: Richards Commercial Project Code: Shiloh Crossings Pop-Facts: Demographic Quick Facts Report Order #: Site: 01 Appendix: Area Listing Area Name: Type: Radius Reporting Detail: Aggregate Reporting Level:Block Group Radius Definition: NC HWY 54 AND I-540 Center Point: MORRISVILLE, NC Circle/Band: Area Name: Type: Radius Reporting Detail: Aggregate Reporting Level:Block Group Radius Definition: NC HWY 54 AND I-540 Center Point: MORRISVILLE, NC Circle/Band: Area Name: Type: Radius Reporting Detail: Aggregate Reporting Level:Block Group Radius Definition: NC HWY 54 AND I-540 Center Point: MORRISVILLE, NC Circle/Band: Prepared On: Tues Oct 18, 2005 Page 3 Of CLARITAS INC. All rights reserved. Claritas Tech Support: