Interstate 35 at Parmer Lane Austin, Texas

Transcription

1 Interstate 35 at Parmer Lane Austin, Texas Barry Haydon, Agent 100 E. Anderson Lane, Suite 200 Austin, Texas Tel: (512) Fax: (512) techridgecenter.com

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3 EXECUTIVE SUMMARY Location: Project Description: Major Tenants: The southeast corner of IH-35 and Parmer Lane, Austin, Texas Tech Ridge Center is an approximately 700,000 square foot HEB-anchored shopping center fronting IH-35. HEB Grocery JC Penney Office Depot Petco Gold s Gym Phase 1 HEB Grocery 84,352 sf Building J 13,162 sf 3,782 SF Available Building L 15,290 sf 1,304 SF Available Building B 7,900 sf 2,503 SF Available Petco 15,280 sf Office Depot 20,898 sf Building E 11,707 sf Pre-Leasing Now Building F 7,981 sf 2,602 SF Available Phase 2 JC Penney 98,840 sf Frost Bank 3,679 sf Zed s Restaurant 5,500 sf Phase 3 Capital One Bank 5,200 sf Phase 4 Gold s Gym 41,000 sf Retail 250,000 sf Future Phase 5 Retail 110,000 sf Future 2 Pad Sites Available Now Total + 700,000 sf

4 AREA DESCRIPTION Tech.Ridge Tech.Ridge is a 1,000-acre master planned multi-use development located in the heart of north Austin s IH-35 business corridor. The development features office, retail, light manufacturing and distribution facilities. Tech.Ridge adjoins IH-35, the primary traffic corridor for Austin and the state s primary transportation artery for Mexico. It is centered in Austin s technology sector, with easy access to the new Austin Bergstrom International Airport (ABIA), the techbelt and the emerging technology manufacturing zones along IH-35 north. Employers Dell Computer Corporation occupies approximately 2.3 million square feet of manufacturing, distribution and office facilities and employs over 7,500 employees at its Tech.Ridge facilities. Approximately 3 miles southeast of Tech Ridge Center on Parmer Lane, Samsung Austin Semiconductor completed a $1.3 billion state-of-the-art wafer fabrication plant and currently employs approximately 2,000 workers. Roadways Parmer Lane is a major arterial roadway. With its connection to US Hwy. 290, Parmer Lane spans the entire northern width of the greater Austin area. Canyon Ridge Drive intersects IH-35 at the south end of Tech Ridge Center - Phase I, and connects behind the center at Tech Ridge Blvd and McAllen Pass. Tech Ridge Boulevard extends through Tech.Ridge and connects in Pflugerville at FM The new Tech Ridge / IH- 35 interchange/overpass opened in May This interchange replaces the former Yager Lane overpass. Demographics 1 mile 3 miles 5 miles 2010 Population 10, , , Population Projection 12, , , Median HH Income $71,894 $66,238 $64,255 Daily Traffic Counts Interstate ,000 (TXDOT ) Parmer Lane (east of IH-35) 33,000 Parmer Lane (west of IH-35) 47,000

5 TENANT LIST HEB Grocery Building B Building C Building D Building F Building J Building L Complete Nutrition Cartridge World Massage Envy Petco Office Depot Castle Dental Froots Approved Money Center Mattress Firm Great Nails Twin Liquors TGF Haircutters Subway Panda Express Marble Slab Creamery New Attitude Salon & Spa Indian Spicy Chicken American Laser Center Tech Ridge Vision Top Hat Cleaners Texenza Coffee JC Penney Gold's Gym Pad Tenants Bank of America Golden Wok Schlotzsky's Frost Bank Zed s Restaurant Capital One Bank

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7 Available: 1,304 sf 1,370 sf 2,412 sf 2,503 sf 2,602 sf - 2nd generation 2nd generation 2nd generation 2nd generation Shell Base Rent: $26 - $28 psf NNN Traffic Counts: IH-35 Parmer 152,000 vpd 33,000 vpd Population: I Mile: 3 Miles: 5 Miles: 10, , ,653 For more information: Barry Haydon (512) barryhaydon@dbrealty.net The information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The property is subject to change in price and terms and removal from the market without notice.

8 Existing Retail & Pads Future Retail L Future Pads Future Office Future Hotel J HEB F B C D E JCPenney PRELIMINARY. Subject to change without notice.

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10 SAMSUNG

11 Round Rock MAJOR RETAILERS AND EMPLOYERS Dell Corporate Headquarters World Market La Frontera Lowe s Sam s Kohl s Office Depot Cost Plus Hobby Lobby Barnes & Noble Old Navy Bed Bath & Beyond Chuck E Cheeses Marshall s Target Ashley Furniture HEB Wal-Mart Home Depot Office Max Room Store Ross Pflugerville Fry s Electronics Room Store Half Price Books Costco Target Container Store Michaels HEB Home Depot Marshalls DSW Shoes JoAnn Fabrics Spec s Liquor Lowe s Wal-Mart CarMax Home Depot Kohls Sears Grand Target Toys R Us Hobby Lobby Ross Best Buy Sports Authority Dell Computer Tech Ridge Campus 7,500 Employees Sam s Club TJ Maxx Ulta REI Pier 1 Imports World Market Bassett Furniture Jo-Ann Fabrics Ross Samsung Campus 1,600 Employees Stein Mart La-Z-Boy Conn s Appliances Austin Wal-Mart Haverty s Ross Shoe Carnival Specs Dillard s Academy Sports

12 AVERAGE DAILY TRAFFIC COUNTS 4, ,000 47,000 33,000 47,000 25, ,000 Source: TXDOT 2009

13 Market Profile Prepared by Durhman & Bassett Realty Group, Inc. Tech Ridge Center Latitude: Longitude: Ring: 1, 3, 5 Miles 1 mile radius 3 miles radius 5 miles radius 2000 Total Population 4,977 82, , Group Quarters , Total Population 10, , , Total Population 12, , , Annual Rate 4.1% 3.08% 2.87% 2000 Households 1,852 34,212 77, Average Household Size Households 3,473 45,616 98, Average Household Size Households 4,220 52, , Average Household Size Annual Rate 3.97% 3.02% 2.81% 2000 Families 1,133 19,195 44, Average Family Size Families 2,223 25,023 53, Average Family Size Families 2,673 28,606 60, Average Family Size Annual Rate 3.76% 2.71% 2.5% 2000 Housing Units 1,963 35,452 80,866 Owner Occupied Housing Units 47.2% 46.2% 43.3% Renter Occupied Housing Units 47.8% 50.3% 53.1% Vacant Housing Units 5.0% 3.5% 3.6% 2010 Housing Units 3,811 48, ,304 Owner Occupied Housing Units 45.7% 44.4% 41.6% Renter Occupied Housing Units 45.4% 49.5% 52.1% Vacant Housing Units 8.9% 6.1% 6.2% 2015 Housing Units 4,665 56, ,680 Owner Occupied Housing Units 45.0% 44.4% 41.9% Renter Occupied Housing Units 45.5% 48.8% 51.2% Vacant Housing Units 9.5% 6.9% 6.8% Median Household Income 2000 $55,087 $50,255 $49, $71,894 $66,238 $64, $81,071 $75,209 $73,249 Median Home Value 2000 $139,453 $106,016 $110, $176,576 $146,031 $149, $213,372 $174,095 $179,654 Per Capita Income 2000 $27,294 $24,310 $23, $32,302 $31,461 $30, $35,044 $34,565 $33,886 Median Age Data Note: Household population includes persons not residing in group quarters. Average Household Size is the household population divided by total households. Persons in families include the householder and persons related to the householder by birth, marriage, or adoption. Per Capita Income represents the income received by all persons aged 15 years and over divided by total population. Detail may not sum to totals due to rounding. Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and Esri On-demand reports and maps from Business Analyst Online. Order at or call /12/2010 Page 1 of 8

14 Market Profile Prepared by Durhman & Bassett Realty Group, Inc. Tech Ridge Center Latitude: Longitude: Ring: 1, 3, 5 Miles 1 mile radius 3 miles radius 5 miles radius 2000 Households by Income Household Income Base 1,766 34,169 78,046 < $15, % 7.2% 8.8% $15,000 - $24, % 8.8% 10.2% $25,000 - $34, % 12.7% 13.0% $35,000 - $49, % 20.9% 18.8% $50,000 - $74, % 26.1% 24.8% $75,000 - $99, % 13.5% 13.1% $100,000 - $149, % 8.2% 8.2% $150,000 - $199, % 1.7% 1.9% $200, % 0.9% 1.2% Average Household Income $71,890 $58,224 $57, Households by Income Household Income Base 3,471 45,618 98,726 < $15, % 4.7% 6.0% $15,000 - $24, % 3.6% 4.9% $25,000 - $34, % 6.5% 7.5% $35,000 - $49, % 16.0% 16.1% $50,000 - $74, % 28.2% 26.0% $75,000 - $99, % 15.6% 14.9% $100,000 - $149, % 20.7% 19.7% $150,000 - $199, % 2.7% 2.7% $200, % 1.9% 2.2% Average Household Income $90,410 $76,855 $75, Households by Income Household Income Base 4,219 52, ,376 < $15, % 3.4% 4.4% $15,000 - $24, % 2.7% 3.9% $25,000 - $34, % 4.6% 5.5% $35,000 - $49, % 10.4% 10.8% $50,000 - $74, % 28.6% 26.8% $75,000 - $99, % 18.8% 18.0% $100,000 - $149, % 25.9% 24.6% $150,000 - $199, % 3.3% 3.4% $200, % 2.3% 2.6% Average Household Income $98,878 $84,701 $83, Owner Occupied HUs by Value Total ,417 35,168 <$50, % 6.3% 6.1% $50,000-99, % 37.4% 33.2% $100, , % 41.8% 42.4% $150, , % 10.5% 12.5% $200,000 - $299, % 3.6% 4.9% $300, , % 0.2% 0.8% $500, , % 0.0% 0.0% $1,000, % 0.1% 0.1% Average Home Value $145,617 $112,819 $118, Specified Renter Occupied HUs by Contract Rent Total ,705 42,789 With Cash Rent 99.6% 98.9% 98.9% No Cash Rent 0.4% 1.1% 1.1% Median Rent $760 $708 $676 Average Rent $820 $732 $701 Data Note: Income represents the preceding year, expressed in current dollars. Household income includes wage and salary earnings, interest, dividends, net rents, pensions, SSI and welfare payments, child support and alimony. Specified Renter Occupied Housing Units exclude houses on 10+ acres. Average Rent excludes units paying no cash rent. Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and Esri On-demand reports and maps from Business Analyst Online. Order at or call /12/2010 Page 2 of 8

15 Market Profile Prepared by Durhman & Bassett Realty Group, Inc. Tech Ridge Center Latitude: Longitude: Ring: 1, 3, 5 Miles 1 mile radius 3 miles radius 5 miles radius 2000 Population by Age Total 4,977 82, ,150 Age % 7.7% 8.1% Age % 6.5% 6.8% Age % 5.9% 5.9% Age % 5.8% 5.9% Age % 10.1% 10.1% Age % 25.0% 24.4% Age % 17.8% 17.5% Age % 11.4% 11.0% Age % 5.1% 5.2% Age % 2.6% 2.9% Age % 1.5% 1.7% Age % 0.5% 0.6% Age % 76.5% 75.8% 2010 Population by Age Total 10, , ,654 Age % 7.6% 8.1% Age % 6.6% 6.9% Age % 6.0% 6.1% Age % 5.7% 5.9% Age % 9.3% 9.1% Age % 20.9% 20.7% Age % 16.2% 16.3% Age % 13.5% 13.2% Age % 8.3% 7.9% Age % 3.4% 3.4% Age % 1.7% 1.7% Age % 0.7% 0.7% Age % 76.5% 75.5% 2015 Population by Age Total 12, , ,575 Age % 7.6% 8.1% Age % 6.7% 7.0% Age % 6.1% 6.2% Age % 5.5% 5.7% Age % 8.7% 8.8% Age % 21.4% 21.0% Age % 14.9% 14.9% Age % 12.8% 12.7% Age % 9.3% 8.9% Age % 4.4% 4.3% Age % 1.8% 1.8% Age % 0.7% 0.7% Age % 76.5% 75.4% 2000 Population by Sex Males 49.1% 50.7% 51.2% Females 50.9% 49.3% 48.8% 2010 Population by Sex Males 49.5% 50.5% 50.9% Females 50.5% 49.5% 49.1% 2015 Population by Sex Males 49.5% 50.3% 50.6% Females 50.5% 49.7% 49.4% Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and Esri On-demand reports and maps from Business Analyst Online. Order at or call /12/2010 Page 3 of 8

16 Market Profile Prepared by Durhman & Bassett Realty Group, Inc. Tech Ridge Center Latitude: Longitude: Ring: 1, 3, 5 Miles 1 mile radius 3 miles radius 5 miles radius 2000 Population by Race/Ethnicity Total 4,976 82, ,147 White Alone 60.2% 65.9% 64.9% Black Alone 12.5% 11.4% 11.3% American Indian Alone 0.5% 0.5% 0.5% Asian or Pacific Islander Alone 15.4% 9.3% 7.1% Some Other Race Alone 8.4% 10.1% 13.2% Two or More Races 2.9% 2.9% 3.0% Hispanic Origin 18.4% 22.2% 26.0% Diversity Index Population by Race/Ethnicity Total 10, , ,654 White Alone 47.2% 59.4% 59.3% Black Alone 12.4% 10.6% 10.3% American Indian Alone 0.7% 0.6% 0.6% Asian or Pacific Islander Alone 24.8% 12.5% 9.5% Some Other Race Alone 11.6% 13.3% 16.5% Two or More Races 3.4% 3.7% 3.7% Hispanic Origin 23.0% 28.4% 32.3% Diversity Index Population by Race/Ethnicity Total 12, , ,575 White Alone 45.3% 58.3% 58.5% Black Alone 11.4% 9.8% 9.5% American Indian Alone 0.7% 0.6% 0.6% Asian or Pacific Islander Alone 27.0% 13.6% 10.4% Some Other Race Alone 12.1% 13.9% 17.0% Two or More Races 3.6% 3.9% 3.9% Hispanic Origin 24.2% 30.2% 34.0% Diversity Index Population 3+ by School Enrollment Total 4,570 78, ,639 Enrolled in Nursery/Preschool 2.3% 1.8% 1.9% Enrolled in Kindergarten 1.2% 1.5% 1.6% Enrolled in Grade % 10.4% 10.8% Enrolled in Grade % 4.9% 4.5% Enrolled in College 7.9% 6.7% 5.8% Enrolled in Grad/Prof School 2.3% 2.2% 1.8% Not Enrolled in School 69.1% 72.6% 73.6% 2010 Population 25+ by Educational Attainment Total 6,346 72, ,166 Less than 9th Grade 3.3% 4.4% 6.0% 9th - 12th Grade, No Diploma 4.2% 4.9% 5.5% High School Graduate 18.6% 20.3% 19.3% Some College, No Degree 19.8% 22.7% 21.9% Associate Degree 6.6% 7.7% 7.5% Bachelor's Degree 31.8% 27.9% 27.3% Graduate/Professional Degree 15.7% 12.2% 12.5% Data Note: Persons of Hispanic Origin may be of any race. The Diversity Index measures the probability that two people from the same area will be from different race/ ethnic groups. Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and Esri On-demand reports and maps from Business Analyst Online. Order at or call /12/2010 Page 4 of 8

17 Market Profile Prepared by Durhman & Bassett Realty Group, Inc. Tech Ridge Center Latitude: Longitude: Ring: 1, 3, 5 Miles 1 mile radius 3 miles radius 5 miles radius 2010 Population 15+ by Marital Status Total 7,677 89, ,486 Never Married 35.4% 40.2% 40.4% Married 50.9% 43.9% 44.0% Widowed 2.6% 2.7% 2.9% Divorced 11.0% 13.3% 12.7% 2000 Population 16+ by Employment Status Total 3,708 64, ,864 In Labor Force 75.5% 79.7% 78.9% Civilian Employed 72.5% 77.0% 76.2% Civilian Unemployed 2.9% 2.7% 2.7% In Armed Forces 0.0% 0.1% 0.1% Not in Labor Force 24.5% 20.3% 21.1% 2010 Civilian Population 16+ in Labor Force Civilian Employed 94.2% 93.6% 93.5% Civilian Unemployed 5.8% 6.4% 6.5% 2015 Civilian Population 16+ in Labor Force Civilian Employed 95.3% 94.8% 94.7% Civilian Unemployed 4.7% 5.2% 5.3% 2000 Females 16+ by Employment Status and Age of Children Total 1,978 32,414 72,542 Own Children < 6 Only 11.5% 10.0% 10.3% Employed/in Armed Forces 5.8% 5.6% 6.0% Unemployed 0.4% 0.3% 0.3% Not in Labor Force 5.4% 4.1% 4.1% Own Children < 6 and 6-17 Only 7.3% 6.1% 6.6% Employed/in Armed Forces 4.8% 4.0% 4.3% Unemployed 0.2% 0.2% 0.2% Not in Labor Force 2.3% 1.9% 2.1% Own Children 6-17 Only 15.7% 14.8% 15.1% Employed/in Armed Forces 12.6% 12.2% 12.1% Unemployed 0.1% 0.2% 0.3% Not in Labor Force 3.0% 2.3% 2.8% No Own Children < % 69.1% 67.9% Employed/in Armed Forces 41.5% 49.2% 46.9% Unemployed 1.9% 1.8% 2.0% Not in Labor Force 22.1% 18.1% 19.1% 2010 Employed Population 16+ by Industry Total 5,019 59, ,238 Agriculture/Mining 0.3% 0.3% 0.3% Construction 6.4% 6.5% 7.2% Manufacturing 12.8% 14.4% 13.2% Wholesale Trade 1.7% 2.3% 2.2% Retail Trade 10.5% 10.8% 11.0% Transportation/Utilities 2.6% 2.8% 2.7% Information 3.0% 2.8% 2.9% Finance/Insurance/Real Estate 6.9% 7.4% 7.4% Services 46.7% 44.0% 44.7% Public Administration 9.1% 8.8% 8.3% Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and Esri On-demand reports and maps from Business Analyst Online. Order at or call /12/2010 Page 5 of 8

18 Market Profile Prepared by Durhman & Bassett Realty Group, Inc. Tech Ridge Center Latitude: Longitude: Ring: 1, 3, 5 Miles 1 mile radius 3 miles radius 5 miles radius 2010 Employed Population 16+ by Occupation Total 5,018 59, ,238 White Collar 72.4% 69.9% 68.7% Management/Business/Financial 17.7% 16.1% 15.9% Professional 31.1% 28.0% 27.2% Sales 10.5% 11.1% 11.3% Administrative Support 13.1% 14.7% 14.3% Services 13.0% 13.0% 13.8% Blue Collar 14.7% 17.1% 17.5% Farming/Forestry/Fishing 0.0% 0.1% 0.1% Construction/Extraction 5.2% 5.1% 5.9% Installation/Maintenance/Repair 2.0% 2.5% 2.6% Production 4.5% 6.1% 5.7% Transportation/Material Moving 3.0% 3.2% 3.3% 2000 Workers 16+ by Means of Transportation to Work Total 2,648 49, ,928 Drove Alone - Car, Truck, or Van 84.6% 81.8% 79.1% Carpooled - Car, Truck, or Van 11.5% 12.6% 13.9% Public Transportation 0.2% 1.2% 2.1% Walked 0.6% 1.1% 1.4% Other Means 0.1% 0.8% 1.0% Worked at Home 2.9% 2.5% 2.4% 2000 Workers 16+ by Travel Time to Work Total 2,648 49, ,929 Did Not Work at Home 97.1% 97.5% 97.6% Less than 5 minutes 1.5% 1.8% 2.0% 5 to 9 minutes 5.9% 8.5% 9.2% 10 to 19 minutes 42.6% 38.5% 35.9% 20 to 24 minutes 19.0% 18.5% 18.3% 25 to 34 minutes 16.1% 20.4% 21.1% 35 to 44 minutes 3.3% 3.3% 3.7% 45 to 59 minutes 4.8% 3.7% 4.1% 60 to 89 minutes 2.7% 1.8% 2.2% 90 or more minutes 1.1% 1.0% 1.2% Worked at Home 2.9% 2.5% 2.4% Average Travel Time to Work (in min) Households by Vehicles Available Total 1,893 34,144 77,991 None 4.6% 4.0% 5.5% % 41.5% 42.6% % 41.6% 40.0% % 9.9% 9.3% 4 1.3% 2.1% 1.9% % 0.9% 0.7% Average Number of Vehicles Available Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and Esri On-demand reports and maps from Business Analyst Online. Order at or call /12/2010 Page 6 of 8

19 Market Profile Prepared by Durhman & Bassett Realty Group, Inc. Tech Ridge Center Latitude: Longitude: Ring: 1, 3, 5 Miles 1 mile radius 3 miles radius 5 miles radius 2000 Households by Type Total 1,852 34,211 77,990 Family Households 61.2% 56.1% 56.4% Married-couple Family 47.6% 41.6% 41.3% With Related Children 26.5% 21.8% 21.8% Other Family (No Spouse) 13.6% 14.5% 15.2% With Related Children 9.5% 9.6% 10.1% Nonfamily Households 38.8% 43.9% 43.6% Householder Living Alone 28.3% 31.7% 32.0% Householder Not Living Alone 10.5% 12.2% 11.5% Households with Related Children 36.0% 31.3% 31.9% Households with Persons % 7.4% 8.7% 2000 Households by Size Total 1,852 34,212 77,991 1 Person Household 28.3% 31.7% 32.0% 2 Person Household 30.9% 32.1% 31.5% 3 Person Household 16.9% 16.3% 15.7% 4 Person Household 14.7% 11.6% 11.8% 5 Person Household 5.6% 5.2% 5.3% 6 Person Household 2.0% 1.8% 2.0% 7+ Person Household 1.5% 1.4% 1.6% 2000 Households by Year Householder Moved In Total 1,891 34,143 77,992 Moved in 1999 to March % 39.7% 39.3% Moved in 1995 to % 34.1% 34.8% Moved in 1990 to % 12.1% 12.3% Moved in 1980 to % 9.7% 8.6% Moved in 1970 to % 3.3% 3.5% Moved in 1969 or Earlier 0.2% 1.1% 1.5% Median Year Householder Moved In Housing Units by Units in Structure Total 1,997 35,355 80,921 1, Detached 44.6% 46.0% 43.1% 1, Attached 8.8% 5.4% 4.6% 2 5.3% 4.6% 4.0% 3 or 4 1.9% 3.3% 5.0% 5 to 9 2.2% 6.2% 7.4% 10 to % 9.9% 10.1% % 20.5% 22.2% Mobile Home 0.7% 4.1% 3.5% Other 0.0% 0.1% 0.1% 2000 Housing Units by Year Structure Built Total 2,007 35,348 80, to March % 5.4% 4.6% 1995 to % 21.5% 19.3% 1990 to % 11.9% 11.2% 1980 to % 38.0% 33.3% 1970 to % 16.7% 20.3% 1969 or Earlier 2.5% 6.5% 11.2% Median Year Structure Built Source: U.S. Bureau of the Census, 2000 Census of Population and Housing Esri On-demand reports and maps from Business Analyst Online. Order at or call /12/2010 Page 7 of 8

20 Market Profile Prepared by Durhman & Bassett Realty Group, Inc. Tech Ridge Center Latitude: Longitude: Ring: 1, 3, 5 Miles Top 3 Tapestry Segments 1 mile radius 3 miles radius 5 miles radius 1. Up and Coming Families Young and Restless Enterprising Professio 2. Enterprising Professio Up and Coming Families Young and Restless 3. Aspiring Young Familie Enterprising Professio Up and Coming Families 2010 Consumer Spending shows the amount spent on a variety of goods and services by households that reside in the market area. Expenditures are shown by broad budget categories that are not mutually exclusive. Consumer spending does not equal business revenue. Apparel & Services: Total $ $7,803,005 $88,339,404 $187,650,147 Average Spent $2, $1, $1, Spending Potential Index Computers & Accessories: Total $ $1,052,643 $11,773,000 $25,016,164 Average Spent $ $ $ Spending Potential Index Education: Total $ $5,505,709 $62,379,270 $132,375,070 Average Spent $1, $1, $1, Spending Potential Index Entertainment/Recreation: Total $ $14,692,099 $162,670,477 $343,567,416 Average Spent $4, $3, $3, Spending Potential Index Food at Home: Total $ $19,813,985 $226,559,464 $481,694,838 Average Spent $5, $4, $4, Spending Potential Index Food Away from Home: Total $ $15,005,430 $169,924,029 $360,054,901 Average Spent $4, $3, $3, Spending Potential Index Health Care: Total $ $14,899,288 $168,034,942 $354,103,819 Average Spent $4, $3, $3, Spending Potential Index HH Furnishings & Equipment: Total $ $8,236,450 $90,742,193 $191,677,451 Average Spent $2, $1, $1, Spending Potential Index Investments: Total $ $6,335,482 $69,634,637 $147,867,399 Average Spent $1, $1, $1, Spending Potential Index Retail Goods: Total $ $106,632,247 $1,192,550,424 $2,519,400,471 Average Spent $30, $26, $25, Spending Potential Index Shelter: Total $ $73,896,995 $824,020,525 $1,749,654,940 Average Spent $21, $18, $17, Spending Potential Index TV/Video/Audio: Total $ $5,651,371 $64,153,017 $135,754,588 Average Spent $1, $1, $1, Spending Potential Index Travel: Total $ $8,350,608 $90,912,065 $192,241,904 Average Spent $2, $1, $1, Spending Potential Index Vehicle Maintenance & Repairs: Total $ $4,245,148 $47,815,323 $101,112,171 Average Spent $1, $1, $1, Spending Potential Index Data Note: The Spending Potential Index represents the amount spent in the area relative to a national average of 100. Source: Consumer Spending data are derived from the 2005 and 2006 Consumer Expenditure Surveys, Bureau of Labor Statistics. Esri Esri On-demand reports and maps from Business Analyst Online. Order at or call /12/2010 Page 8 of 8

21 Site Map Tech Ridge Center Latitude: I 35 SERVICE RD N Longitude: AUSTIN, TX Site Type: Rings Rings 1, 3, 5 Miles 2009 ESRI On-demand reports and maps from Business Analyst Online. Order at or call /17/2009 Page 1 of 1

22 AGENCY DISCLOSURE RULES 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 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 fairly. 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 the buyer s agent must disclose 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; (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.