Shaw`s Supermarket with Osco Pharmacy

offering memorandum.
Shaw’s Supermarket with Osco Pharmacy
Littleton, NH
HITCHINER
MANUFACTURING
I N D U S T R I A L PA
RK RD
HWY
/ STY L ES B R I D G ES
NH STATE LIQUOR
STORE
/ME
$11,217,000
6.25% Cap Rate
ADO
WS
T (1
4 ,0
00 V
PD)
to Walmart and within Close Proximity
••25-Year NNN Lease to Shaw’s Supermarkets, Inc. ••Adjacent
to The Home Depot, Lowe’s, and Numerous Other
•
•
•
Approximately 14 Years Remaining
Fixed Rental Increases
In-Store Pharmacy (Osco)
National Retailers
Barriers to Entry in Local Market
••High
••Available Free and Clear of Permanent Financing
This property is listed in conjunction with New Hampshire-licensed real estate broker Bradley T. Vear.
www.maffiateam.com
Confidentiality & Disclosure
Cornish & Carey Commercial Newmark Knight Frank (“Broker”) has been retained on an exclusive basis to market the property
described herein (“Property”). Broker has been authorized by the Seller of the Property (“Seller”) to prepare and distribute the enclosed information (“Material”) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title
and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to
purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase
based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and
such other matters as the Seller deems appropriate.
The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of
the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the
express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that
a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and
has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners,
shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own
investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections
contained in the pro forma.
Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to
accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed
to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.
Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.
Michael Maffia
Senior Managing Director
415.445.5144
[email protected]
CA Lic #01340853
Putnam Daily
VP/Transaction Manager
415.445.5107
[email protected]
CA Lic #01750064
Bradley Vear, CCIM, SIOR
Principal Broker, Vear Commercial Properties, Inc.
603.882.6000 x202
[email protected]
NH Lic #8854
901 Mariners Island Boulevard, Suite 120 • San Mateo, CA 94404 • Tel 415.373.4060 • Fax 415.373.4060 • www.maffiateam.com
456 West Hollis Street • Nashua, NH 04062 • Tel 603.882.6000 • Fax 603.882.4240 • www.vear.biz
Table of Contents
•Property Information........................................................................................................................1
•Tenant Information.......................................................................................................................... 2
•Possible Financing.......................................................................................................................... 3
•About the Area................................................................................................................................ 4
•Site Plan......................................................................................................................................... 5
•Ground Photos................................................................................................................................ 6
•Aerials............................................................................................................................................ 7
•Location Maps............................................................................................................................... 11
•Demographics...............................................................................................................................14
Property Information
Location
The property is located adjacent to Walmart at 625 Meadow Street in Littleton, New Hampshire.
Lot Size
Approximately 9.0 acres, or 392,595 square feet.
Improvements
Construction was completed in 2001 of an approximately 54,985 square foot grocery store for Shaw’s. There is an in-store
pharmacy operated by Osco as well as a Wild Harvest department. There is ample parking on site.
Lease
Leased to Shaw’s Supermarkets, Inc., for 25 years from May 4, 2001, to February 28, 2027, at a current annual net rent of
$701,059. There are seven five-year options to renew the lease. The rent increases by $0.50 per square foot per year in
year 21 and at the commencement of each renewal option. The lease is triple net, with the tenant responsible for taxes,
insurance, and all maintenance.
Net Annual
Income
Years
1-10
11-20
(Current Term)
21-25
26-30 (Option 1)
31-35
(Option 2)
36-40 (Option 3)
41-45
(Option 4)
46-50 (Option 5)
51-55
(Option 6)
56-60 (Option 7)
Price
$11,217,000 (6.25% Return)
Annual Rent
$673,566
$701,059
$728,551
$756,044
$783,536
$811,029
$838,521
$866,014
$893,506
$920,999
Return
n/a
6.25%
6.50%
6.74%
6.99%
7.23%
7.48%
7.72%
7.97%
8.21%
1
Possible Financing
Financing
The property will be delivered free and clear of permanent financing. A possible new non-recourse loan may be secured in
the amount of $7,291,050 at an interest rate of 4.50% amortized over 30 years and due in ten years with annual payments
of $443,312.
Cash Flow
COE - 02/28/22
Price
$11,217,000
Net Income
$701,059
Loan Amount
<7,291,050>
Debt Service
<443,312>
Equity
$3,925,950
Cash Flow
$257,747
Cash-on-Cash Return
6.56%
03/01/22 - Due Date
$728,551
<443,312>
$285,239
7.26%
2
Tenant Information
Shaw’s Supermarkets, Inc., is the #3 grocery chain in New England, behind Stop & Shop and Hannaford Bros. The company operates about 170 stores (with a heavy presence in the Boston area) under the Shaw’s and Star Markets banners in
five New England states. Most Shaw’s stores – including this location – feature Wild Harvest departments, which offer organic, preservative-free foods. About 90 locations house in-store pharmacies. The company also markets products under
its own brands, such as Equaline, Happy Tails, HomeLife, and Shaw’s.
In March 2013, SUPERVALU, Inc., sold five of its retail grocery banners – including Shaw’s Supermarkets – to AB Acquisition LLC, an affiliate of a Cerberus Capital Management L.P.-led investor consortium that includes Kimco Realty Corporation KIM -0.05%, Klaff Realty LP, Lupert-Adler Partners, and Schottenstein Real Estate Group. The transaction was valued at
$3.3 billion. The transaction also included the Albertsons, Acme, and Jewel-Osco chains for a total of nearly 900 stores.
3
About the Area
Site
Information
The property is located on Meadow Street, Littleton’s retail corridor. Interstate 93 is accessible just one block north of the
property. Shaw’s shares an access drive from Meadow Street with Walmart. Tractor Supply Company and Ninety Nine (a
regional restaurant chain) are situated between Shaw’s and Meadow Street. Also lining the retail corridor are The Home
Depot, Lowe’s, T.J. Maxx, Walgreens, Staples, Sears Hometown Store, Dollar Tree, GameStop, Aubuchon Hardware, Olympia Sports, Tire Warehouse, Applebee’s, Mobil, and numerous local retailers. The traffic count on Meadow Street, which is
named U.S. Highway 302/New Hampshire State Route 10 outside town limits, is 14,000 vehicles per day (NH DOT, 2010).
General
Overview
Littleton is a town in Grafton County, New Hampshire. The population was 5,928 at the 2010 U.S. Census. Situated at the
edge of the White Mountains, Littleton is bounded on the northwest by the Connecticut River. The center of Littleton is
accessible from three exits of Interstate 93, and a fourth exit serves the western end of town near the Vermont border. U.S.
Route 302 runs east-west through the town center as its Main Street. As of January 2006 Littleton is also served by a public transportation bus route connecting with Whitefield and Lancaster.
Littleton has a diverse economy thanks to the vision and determination of a group of community leaders who believed
that growth and success would occur only when change and progress were planned and managed. The establishment
of Littleton’s Industrial Development Corp., Economic Development Task Force, and inclusion in the National Main Street
program were the forces that brought Littleton to be named on the list of the Top Ten Small Towns In America, and to be
the recipient of the first NH Profile Community Award for preserving, protecting, or promoting NH’s spirit of independence.
The town’s industrial park is occupied by businesses that are responsible for wages in excess of $35 million annually and
employ over 1,100 area residents. In downtown Littleton, storefront vacancy rate has gone from 20% twelve years ago to a
rate of 2% today.
Grafton County’s population was 89,118 at the 2010 U.S. Census. The county is part of the Lebanon, NH–VT Micropolitan
Statistical Area. Grafton County is the home of Dartmouth College and Plymouth State University. Progressive Farmer
rated Grafton County fourth in its list of the “Best Places to Live in Rural America” in 2006, citing low unemployment, a
favorable cost of living, and the presence of White Mountain National Forest, the state’s only national forest.
4
Site Plan
AC
CE
SS
DR
IV
E
AMMONOOSUC RIVER
C
A
R
T
S
C
A
R
T
S
54,985 SF
C
A
R
T
S
C
A
R
T
S
ACCESS DRIV E
MEADO
W ST
5
Ground Photos
Aerial | Close-up View
ST
Aerial | Northwest View
NH STATE LIQUOR
STORE
AD
RO
RK
PA
AL
RI
ST
D
D)
DU
EA
(14
VP
IN
/M
ST
OW
0
,00
Aerial | Southwest View
/M
LITTLETON
CHEVROLET
BUICK
DU
ST
RI
AL
PA
RK
RO
AD
NA
AT
IO
RD
RE
N DY
EC
BUR
AM
/ STY L ES B R I D GES HWY
OW
ST
(14
,00
0V
PD
)
MEADOW
CEMETERY
L R
AIL TRAIL
IN
EAD
M
ON
S
OO
UC
R
Aerial | Northeast View
HITCHINER
MANUFACTURING
I N D U S T R I A L PA
RK RD
HWY
/ STY L ES B R I D G ES
NH STATE LIQUOR
STORE
/ME
ADO
WS
T (1
4,0
00 V
PD)
Location Map
Site
Location Map
Site
Location Map
Site
Market Profile
Demographics
625 Meadow St
Littleton, NH 03561
Shaw's
625 Meadow St, Littleton, NH, 03561
Rings: 5, 10, 15 mile radii
Latitude: 44.30448
Longitude: -71.80373
5 miles
10 miles
15 miles
6,804
6,988
7,082
41
7,208
0.35%
16,655
17,657
17,864
201
18,042
0.20%
29,314
30,723
31,050
686
31,255
0.13%
2,915
2.32
3,134
2.22
3,156
2.23
3,252
2.20
0.60%
1,893
2.77
1,898
2.77
1,939
2.75
0.42%
6,903
2.38
7,692
2.27
7,726
2.29
7,899
2.26
0.44%
4,914
2.77
4,917
2.78
4,986
2.76
0.28%
12,120
2.36
13,111
2.29
13,168
2.31
13,426
2.28
0.39%
8,344
2.79
8,341
2.79
8,421
2.78
0.19%
2000 Housing Units
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
3,321
56.2%
31.6%
12.2%
8,843
56.2%
21.8%
21.9%
14,996
56.2%
24.6%
19.2%
2010 Housing Units
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
2012 Housing Units
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
2017 Housing Units
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
Median Household Income
3,734
52.2%
31.7%
16.1%
3,760
51.1%
32.8%
16.1%
3,868
50.7%
33.4%
15.9%
10,095
54.8%
21.4%
23.8%
10,130
54.1%
22.1%
23.7%
10,344
53.9%
22.4%
23.6%
16,681
54.9%
23.7%
21.4%
16,750
54.5%
24.1%
21.4%
17,070
54.4%
24.2%
21.3%
$41,001
$48,621
$43,970
$51,891
$41,372
$49,623
$134,494
$138,452
$134,426
$140,182
$132,384
$138,660
$24,791
$28,548
$25,082
$28,581
$23,649
$26,844
44.3
44.7
45.7
46.0
46.5
47.5
45.2
45.7
46.6
Population Summary
2000 Total Population
2010 Total Population
2012 Total Population
2012 Group Quarters
2017 Total Population
2012-2017 Annual Rate
Household Summary
2000 Households
2000 Average Household Size
2010 Households
2010 Average Household Size
2012 Households
2012 Average Household Size
2017 Households
2017 Average Household Size
2012-2017 Annual Rate
2010 Families
2010 Average Family Size
2012 Families
2012 Average Family Size
2017 Families
2017 Average Family Size
2012-2017 Annual Rate
Housing Unit Summary
2012
2017
Median Home Value
2012
2017
Per Capita Income
2012
2017
Median Age
2010
2012
2017
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 the total population.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.
14
Market Profile
Demographics
625 Meadow St
Littleton, NH 03561
Shaw's
625 Meadow St, Littleton, NH, 03561
Rings: 5, 10, 15 mile radii
Latitude: 44.30448
Longitude: -71.80373
5 miles
2012 Households by Income
Household Income Base
10 miles
15 miles
3,156
7,726
13,168
<$15,000
$15,000 - $24,999
15.2%
14.8%
12.9%
14.4%
16.2%
14.3%
$25,000 - $34,999
$35,000 - $49,999
12.9%
14.7%
11.9%
16.1%
11.5%
15.7%
$50,000 - $74,999
20.0%
20.2%
19.0%
8.8%
8.8%
2.9%
10.5%
9.4%
3.0%
10.2%
9.2%
2.3%
$75,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000+
Average Household Income
2017 Households by Income
Household Income Base
1.8%
1.6%
1.6%
$55,489
$57,471
$54,883
3,252
7,899
13,426
14.8%
12.2%
12.3%
11.5%
15.6%
11.5%
11.2%
12.7%
20.2%
12.1%
10.6%
4.0%
2.2%
$63,148
9.9%
13.7%
21.8%
14.1%
10.7%
4.0%
1.9%
$64,752
9.7%
13.4%
20.8%
13.7%
10.4%
3.0%
1.9%
$61,597
1,923
4.3%
18.5%
39.5%
20.4%
8.9%
3.2%
2.8%
1.0%
1.5%
0.1%
0.0%
$152,659
5,485
6.2%
21.7%
32.1%
18.5%
9.6%
3.9%
4.8%
1.4%
1.5%
0.2%
0.0%
$157,097
9,130
6.1%
23.4%
31.7%
17.7%
9.8%
4.2%
4.6%
1.2%
1.2%
0.3%
0.0%
$153,990
Total
<$50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $499,999
1,961
3.3%
17.8%
37.6%
18.9%
10.2%
4.4%
4.0%
1.5%
5,580
4.7%
20.8%
30.5%
17.4%
10.9%
5.0%
6.5%
1.9%
9,287
4.5%
21.7%
30.7%
17.4%
11.0%
5.2%
5.9%
1.5%
$500,000 - $749,999
$750,000 - $999,999
$1,000,000 +
2.2%
0.1%
0.0%
2.1%
0.2%
0.0%
1.6%
0.4%
0.0%
$164,563
$169,884
$165,904
<$15,000
$15,000 - $24,999
$25,000 - $34,999
$35,000 - $49,999
$50,000 - $74,999
$75,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000+
Average Household Income
2012 Owner Occupied Housing Units by Value
Total
<$50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $499,999
$500,000 - $749,999
$750,000 - $999,999
$1,000,000 +
Average Home Value
2017 Owner Occupied Housing Units by Value
Average Home Value
15
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.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.
Market Profile
Demographics
625 Meadow St
Littleton, NH 03561
Shaw's
625 Meadow St, Littleton, NH, 03561
Rings: 5, 10, 15 mile radii
2010 Population by Age
Total
0-4
5-9
10 - 14
15 - 24
Latitude: 44.30448
Longitude: -71.80373
5 miles
10 miles
15 miles
6,987
17,657
30,723
5.5%
5.7%
4.8%
5.6%
5.2%
5.6%
6.1%
10.9%
6.3%
9.9%
6.1%
10.8%
25 - 34
9.9%
8.9%
9.8%
35 - 44
45 - 54
55 - 64
13.0%
15.9%
15.8%
12.7%
17.4%
16.6%
12.1%
17.0%
16.1%
65 - 74
9.7%
10.0%
9.2%
75 - 84
85 +
4.9%
2.6%
5.2%
2.5%
5.4%
2.7%
78.7%
79.3%
79.0%
7,083
17,864
31,050
5.4%
5.7%
6.0%
10.7%
10.0%
12.6%
15.3%
16.4%
10.3%
4.9%
2.8%
79.2%
4.8%
5.6%
6.2%
9.6%
9.0%
12.4%
16.8%
17.2%
10.6%
5.2%
2.6%
79.7%
5.2%
5.6%
6.0%
10.5%
10.0%
11.7%
16.4%
16.8%
9.8%
5.3%
2.8%
79.5%
7,208
5.4%
5.6%
5.9%
9.9%
10.0%
12.1%
14.0%
16.9%
12.2%
5.0%
2.9%
79.6%
18,042
4.8%
5.5%
6.1%
9.0%
9.0%
11.9%
15.3%
17.7%
12.6%
5.3%
2.7%
80.1%
31,255
5.2%
5.5%
6.0%
9.8%
9.9%
11.3%
15.0%
17.3%
11.5%
5.5%
2.9%
79.8%
2010 Population by Sex
Males
Females
3,350
3,638
8,637
9,020
15,150
15,573
2012 Population by Sex
Males
Females
3,401
3,682
8,762
9,102
15,349
15,701
18 +
2012 Population by Age
Total
0-4
5-9
10 - 14
15 - 24
25 - 34
35 - 44
45 - 54
55 - 64
65 - 74
75 - 84
85 +
18 +
2017 Population by Age
Total
0-4
5-9
10 - 14
15 - 24
25 - 34
35 - 44
45 - 54
55 - 64
65 - 74
75 - 84
85 +
18 +
2017 Population by Sex
Males
3,463
8,863
15,484
Females
3,746
9,179
15,771
16
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.
Market Profile
Demographics
625 Meadow St
Littleton, NH 03561
Shaw's
625 Meadow St, Littleton, NH, 03561
Rings: 5, 10, 15 mile radii
2010 Population by Race/Ethnicity
Total
Latitude: 44.30448
Longitude: -71.80373
5 miles
10 miles
15 miles
6,987
17,657
30,723
96.4%
0.4%
96.8%
0.3%
96.6%
0.4%
American Indian Alone
Asian Alone
0.3%
0.9%
0.3%
0.7%
0.5%
0.7%
Pacific Islander Alone
0.0%
0.0%
0.0%
Some Other Race Alone
Two or More Races
Hispanic Origin
0.5%
1.6%
1.8%
0.4%
1.5%
1.5%
0.4%
1.4%
1.4%
10.4
9.0
9.3
White Alone
Black Alone
Diversity Index
2012 Population by Race/Ethnicity
Total
White Alone
Black Alone
American Indian Alone
Asian Alone
Pacific Islander Alone
Some Other Race Alone
Two or More Races
Hispanic Origin
Diversity Index
2017 Population by Race/Ethnicity
Total
White Alone
Black Alone
American Indian Alone
Asian Alone
Pacific Islander Alone
Some Other Race Alone
Two or More Races
Hispanic Origin
Diversity Index
7,082
17,864
31,050
96.0%
0.5%
96.6%
0.4%
96.3%
0.5%
0.4%
0.9%
0.0%
0.6%
1.7%
2.1%
11.7
0.4%
0.7%
0.0%
0.4%
1.5%
1.7%
9.7
0.5%
0.8%
0.0%
0.4%
1.5%
1.5%
10.0
7,209
94.9%
0.7%
0.5%
1.0%
0.0%
0.8%
2.1%
3.1%
15.3
18,042
95.9%
0.5%
0.5%
0.8%
0.1%
0.5%
1.8%
2.2%
12.1
31,255
95.5%
0.7%
0.5%
0.9%
0.0%
0.5%
1.7%
1.9%
12.1
6,988
99.4%
78.0%
27.0%
19.9%
26.2%
1.8%
3.0%
21.5%
0.6%
0.1%
0.5%
17,657
98.9%
79.8%
27.8%
21.7%
25.5%
1.9%
2.7%
19.1%
1.1%
0.6%
0.5%
30,723
97.8%
78.8%
27.2%
20.8%
25.9%
1.9%
3.1%
19.0%
2.2%
1.4%
0.8%
2010 Population by Relationship and Household Type
Total
In Households
In Family Households
Householder
Spouse
Child
Other relative
Nonrelative
In Nonfamily Households
In Group Quarters
Institutionalized Population
Noninstitutionalized Population
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. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.
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Market Profile
Demographics
625 Meadow St
Littleton, NH 03561
Shaw's
625 Meadow St, Littleton, NH, 03561
Rings: 5, 10, 15 mile radii
2010 Households by Type
Total
Households with 1 Person
Households with 2+ People
Family Households
Husband-wife Families
With Related Children
Other Family (No Spouse Present)
Other Family with Male Householder
With Related Children
Other Family with Female Householder
With Related Children
Nonfamily Households
All Households with Children
Multigenerational Households
Unmarried Partner Households
Male-female
Same-sex
2010 Households by Size
Total
1 Person Household
2 Person Household
3 Person Household
4 Person Household
5 Person Household
6 Person Household
7 + Person Household
2010 Households by Tenure and Mortgage Status
Total
Owner Occupied
Owned with a Mortgage/Loan
Owned Free and Clear
Renter Occupied
Latitude: 44.30448
Longitude: -71.80373
5 miles
10 miles
15 miles
3,134
32.5%
67.5%
60.4%
44.4%
15.2%
16.0%
4.5%
3.0%
11.5%
7,692
29.4%
70.6%
63.9%
49.9%
16.4%
14.0%
4.6%
2.9%
9.4%
13,111
29.5%
70.5%
63.6%
48.7%
16.6%
14.9%
4.6%
3.0%
10.3%
8.1%
7.1%
6.5%
6.7%
7.0%
6.9%
26.9%
26.4%
27.2%
1.8%
9.2%
8.3%
0.9%
1.7%
8.4%
7.6%
0.8%
1.8%
9.0%
8.2%
0.8%
3,135
32.5%
37.9%
14.1%
9.5%
4.0%
1.6%
0.6%
7,692
29.4%
40.1%
14.0%
10.1%
4.1%
1.5%
0.6%
13,111
29.5%
39.2%
14.3%
10.5%
4.3%
1.6%
0.7%
3,134
62.2%
38.2%
24.0%
37.8%
7,692
71.9%
44.0%
27.9%
28.1%
13,111
69.8%
42.9%
26.9%
30.2%
Data Note: Households with children include any households with people under age 18, related or not. Multigenerational households are families with 3 or more parentchild relationships. Unmarried partner households are usually classified as nonfamily households unless there is another member of the household related to the
householder. Multigenerational and unmarried partner households are reported only to the tract level. Esri estimated block group data, which is used to estimate
polygons or non-standard geography.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.
18