Abilene Corners Shopping Center
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1 Abilene Corners Shopping Center 1650 State Highway 351 Abilene, Texas Presented By: Brett Gissler Bridge Realty Partners, Inc Dallas Parkway, Suite 110 Dallas, Texas P F Developed By:
2 16910 Dallas Parkway, Suite 110 Dallas, Texas P F Abilene Corners Shopping Center Abilene, Texas Table of Contents Project Description Maps Site Plan(s)/Elevations Aerial(s) Demographics Agency Disclosure
3 16910 Dallas Parkway, Suite 110 Dallas, Texas P F Abilene Corners Shopping Center Abilene, Texas Project Description Location: 1650 State Highway 351 Abilene, Texas Property Type: 30,430 square foot retail/service/restaurant development Traffic Counts: East of SH-351: 26,340 West of SH-351: 23,860 Space Availability: 17,530 square feet Scheduled Delivery: Available Now Rental Rates: $18.00 per square foot Triple Nets: $3.50 per square foot (estimate) Tenant Improvement Allowance: $15.00 per square foot For Information Contact: Brett Gissler brettgissler@bridgerealtypartners.com o m The information contained in this offering is from sources deemed reliable, but is not guaranteed by Bridge Realty Partners, Inc. or St. Ives Realty, Inc. and is subject to change in price, correction, errors, omissions, prior sale(s), or withdrawal without notice. The information in this offering is not to be considered complete, accurate, and total representation of the facts surrounding the property. No copies of this information may be made in whole or in part without the prior written consent of Bridge Realty Partners, Inc.
4 16910 Dallas Parkway, Suite 110 Dallas, Texas P F Abilene Corners Shopping Center Abilene, Texas
5 16910 Dallas Parkway, Suite 110 Dallas, Texas P F Abilene Corners Shopping Center Abilene, Texas
6 16910 Dallas Parkway, Suite 110 Dallas, Texas P F Abilene Corners Shopping Center Abilene, Texas
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11 Executive Summary Prepared By: STDBonline.com Lat: Lat: Lat: Lon: Lon: Lon: Site Type: Radius Radius: 1.0 mile Radius: 3.0 mile Radius: 5.0 mile 2007 Population Total Population ,890 56,128 Male Population 47.8% 47.4% 48.1% Female Population 52.2% 52.6% 51.9% Median Age Income Median HH Income $58,182 $31,583 $34,900 Per Capita Income $26,466 $18,234 $18,860 Average HH Income $63,962 $44,320 $47, Households Total Households 392 8,155 21,063 Average Household Size Annual Rate 1.12% 0.85% 0.53% 2007 Housing Owner Occupied Housing Units 73.0% 45.2% 54.7% Renter Occupied Housing Units 21.4% 41.6% 33.7% Vacant Housing Units 5.5% 13.1% 11.7% Population 1990 Population ,315 55, Population ,871 57, Population ,890 56, Population ,974 55, Annual Rate 0.82% 0.26% 0.25% Annual Rate 0.1% 0.01% -0.27% Annual Rate 0.11% 0.08% -0.05% In the identified market area, the current year population is 56,128. In 2000, the Census count in the market area was 57,075. The rate of change since 2000 was percent annually. The five-year projection for the population in the market area is 55,982, representing a change of percent annually from 2007 to Currently, the population is 48.1 percent male and 51.9 percent female. Households 1990 Households 339 7,324 19, Households 379 7,969 20, Households 392 8,155 21, Households 397 8,239 21, Annual Rate 1.12% 0.85% 0.53% Annual Rate 0.54% 0.37% 0.09% Annual Rate 0.25% 0.21% 0.06% The household count in this market area has changed from 20,949 in 2000 to 21,063 in the current year, a change of 0.09 percent annually. The five-year projection of households is 21,127, a change of 0.06 percent annually from the current year total. Average household size is currently 2.47, compared to 2.52 in the year The number of families in the current year is 13,445 in the market area. Housing Currently, 54.7 percent of the 23,848 housing units in the market area are owner occupied; 33.7 percent, renter occupied; and 11.7 percent are vacant. In 2000, there were 23,528 housing units 54.2 percent owner occupied, 35.1 percent renter occupied and 10.6 percent vacant. The rate of change in housing units since 2000 is 0.19 percent. Median home value in the market area is $62,406, compared to a median home value of $192,285 for the U.S. In five years, median home value is projected to change by 3.2 percent annually to $73,052. From 2000 to the current year, median home value changed by 4.31 percent annually ESRI On-demand reports and maps from Business Analyst Online. Order at or call /29/2007 Page 1 of 2
12 Executive Summary Prepared By: STDBonline.com Lat: Lat: Lat: Lon: Lon: Lon: Site Type: Radius Radius: 1.0 mile Radius: 3.0 mile Radius: 5.0 mile Median Household Income 1990 Median HH Income $33,977 $17,845 $20, Median HH Income $49,489 $25,416 $28, Median HH Income $58,182 $31,583 $34, Median HH Income $65,225 $36,659 $40, Annual Rate 3.83% 3.6% 3.33% Annual Rate 2.62% 3.54% 3.37% Annual Rate 2.31% 3.03% 2.8% Per Capita Income 1990 Per Capita Income $14,779 $8,772 $9, Per Capita Income $20,071 $13,674 $14, Per Capita Income $26,466 $18,234 $18, Per Capita Income $31,023 $21,829 $22, Annual Rate 3.11% 4.54% 3.85% Annual Rate 4.52% 4.71% 4.3% Annual Rate 3.23% 3.67% 3.7% Average Household Income 1990 Average Household Income $37,525 $24,155 $27, Average Household Income $51,746 $35,835 $38, Average HH Income $63,962 $44,320 $47, Average HH Income $74,405 $53,043 $57, Annual Rate 3.27% 4.02% 3.54% Annual Rate 3.45% 3.46% 3.59% Annual Rate 3.07% 3.66% 3.65% Households by Income Current median household income is $34,900 in the market area, compared to $53,154 for all U.S. households. Median household income is projected to be $40,059 in five years. In 2000, median household income was $28,378, compared to $20,450 in Current average household income is $47,732 in this market area, compared to $73,126 for all U.S. households. Average household income is projected to be $57,103 in five years. In 2000, average household income was $38,292, compared to $27,043 in Current per capita income is $18,860 in the market area, compared to the U.S. per capita income of $27,916. The per capita income is projected to be $22,621 in five years. In 2000, the per capita income was $14,494, compared to $9,934 in Population by Employment Total Businesses 25 1,253 2,759 Total Employees 168 9,699 17,514 Currently, 91.9 percent of the civilian labor force in the identified market area is employed and 8.1 percent are unemployed. In comparison, 93.4 percent of the U.S. civilian labor force is employed, and 6.6 percent are unemployed. In five years the rate of employment in the market area will be 92.8 percent of the civilian labor force, and unemployment will be 7.2 percent. The percentage of the U.S. civilian labor force that will be employed in five years is 93.9 percent, and 6.1 percent will be unemployed. In 2000, 63.0 percent of the population aged 16 years or older in the market area participated in the labor force, and 0.7 percent were in the Armed Forces. In the current year, the occupational distribution of the employed population is: 53.3 percent in white collar jobs (compared to 60.2 percent of U.S. employment) 25.3 percent in service jobs (compared to 16.5 percent of U.S. employment) 21.4 percent in blue collar jobs (compared to 23.3 percent of U.S. employment) In 2000, 75.7 percent of the market area population drove alone to work, and 1.7 percent worked at home. The average travel time to work in 2000 was 15.3 minutes in the market area, compared to the U.S. average of 25.5 minutes. Population by Education In 2000, the educational attainment of the population aged 25 years or older in the market area was distributed as follows: 26.0 percent had not earned a high school diploma (19.6 percent in the U.S.) 29.0 percent were high school graduates only (28.6 percent in the U.S.) 3.8 percent had completed an Associate degree (6.3 percent in the U.S.) 12.8 percent had a Bachelor s degree (15.5 percent in the U.S.) 6.9 percent had earned a Master s/professional/doctorate Degree (8.9 percent in the U.S.) 2007 ESRI On-demand reports and maps from Business Analyst Online. Order at or call /29/2007 Page 2 of 2
13 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 efore working with a real estate broker, you should Bknow 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 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 (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 or EQUAL HOUSING OPPORTUNITY 01A TREC No. OP-K
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