westborn mall - Landmark Commercial Real Estate Services

WESTBORN MALL
SEC OF MICHIGAN AVE & OUTER DR
DEARBORN, MI
WAYNE COUNTY
Type: Lease
PROPERTY TYPE:
Grocery Anchored Center
DATE AVAILABLE:
August 2015
RENT:
$12.50/SF “AS IS”
$17.00/SF split
NNN EXPENSE:
$5.00/SF
AVAILABLE SPACE:
18,000 SF, divisible
(120’ x 150’)
ANCHORS:
Kroger, Marshalls, CVS
TENANT ROSTER:
Dollar Tree, USPS, PNC, Great
Expressions Dental, Payless
TRAFFIC COUNT:
Outer Dr south of Michigan
Ave = 25,501 cpd
Michigan Ave at Outer Dr =
32,400 cpd
CONTACT:
John Kello
Scott Sonenberg
(248) 488-2620
DESCRIPTION:
Rare opportunity to be in Westborn Shopping
Center at Michigan Avenue and Outer Drive in
Dearborn, Michigan. This unique and one of a
kind shopping center offers up to 18,000 SF of
shop space with very high clearance (14’+) in
4th quarter 2015. Westborn is one of the only
shopping centers in Dearborn that has
sufficient parking and signage on Michigan
Avenue. The tenant lineup includes Kroger,
Marshalls, Dollar Tree, CVS, PNC, USPS, and
Payless Shoe Source. For information, contact
John Kello or Scott Sonenberg.
Radius:
1 Mile
3 Mile
5 Mile
Pop. Density:
14,236
107,630
317,152
$82,373
$62,477
$55,817
Avg. HH Income:
LANDMARK COMMERCIAL REAL ESTATE SERVICES – Licensed Real Estate Brokers. The information above 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. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the
current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful,
independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.
WESTBORN
MALL
NOWLIN AVE (66' PUBLIC R.O.W.)
CONCRETE
DEARBORN, MICHIGAN
CONCRETE TRUCK DOCK
MARSHALL'S
28,991 SQ. FT.
CONCRETE
25'
78'
CVS PHARMACY
11,700 SQ. FT.
25' 25'
HONG KONG RESTAURANT
3,586 SQ. FT.
SWEET PEAS BOUTIQUE
3,914 SQ. FT.
H & R BLOCK
3,750 SQ. FT.
NORTH
EXISTING CONCRETE WALK
150'
22'
28'
BULK FOODS
3,300 SQ. FT.
NATIONAL CITY
4,200 SQ. FT.
30'
GREAT EXPRESSIONS
4,500 SQ. FT.
42'
AVENUE
6,200 SQ. FT.
24'
U.S. POST OFFICE
3,600 SQ. FT.
PAYLESS SHOE SOURCE
4,500 SQ. FT.
30' 17'
120
120'
33'
ASPHALT PARKING
55'
SUN NAILS 2,962 SQ. FT.
RED OLIVE
RESTAURANT
3,361 SQ. FT.
DOLLAR TREE
9,000 SQ. FT.
KROGER
73,134 SQ. FT.
VAN
MICHIGAN AVE (US-12) (159' PUBLIC R.O.W.)
STAPLES
18,000 SQ. FT.
VAN
OUT
ER
DRI
VE (
1
MANAGED BY:
PETZOLD ENTERPRISES
20630 HARPER AVENUE
SUITE 107
HARPER WOODS, MI 48225
50' P
UBL
IC R
.O.W
.)
(313) 882-3121
FAX: (313) 882-0529
THOMAS T. PETZOLD/
WILLIAM A. PETZOLD
Dearborn, MI
Dearborn, MI
FULL PROFILE
2000-2010 Census, 2015 Estimates with 2020 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 42.3017/-83.2634
RF1
Michigan Avenue & West Outer Drive
1 mi radius
3 mi radius
5 mi radius
107,630
105,974
113,752
118,876
-0.3%
-0.6%
317,152
313,024
329,581
349,529
-0.3%
-0.6%
HOUSEHOLDS
2015 Estimated Households
2020 Projected Households
2010 Census Households
2000 Census Households
Projected Annual Growth 2015 to 2020
Historical Annual Growth 2000 to 2015
6,197
6,103
6,371
6,542
-0.3%
-0.4%
44,701
44,665
45,219
47,785
-0.4%
126,969
127,068
126,477
136,132
-0.4%
2015 Est. Population Under 10 Years
2015 Est. Population 10 to 19 Years
2015 Est. Population 20 to 29 Years
2015 Est. Population 30 to 44 Years
2015 Est. Population 45 to 59 Years
2015 Est. Population 60 to 74 Years
2015 Est. Population 75 Years or Over
2015 Est. Median Age
11.9%
12.9%
11.7%
18.8%
23.3%
14.6%
6.8%
40.0
13.1%
13.5%
13.1%
19.0%
20.6%
13.6%
7.2%
37.3
13.8%
14.1%
13.6%
19.1%
20.0%
13.0%
6.5%
35.9
2015 Est. Male Population
2015 Est. Female Population
48.4%
51.6%
48.5%
51.5%
48.4%
51.6%
2015 Est. Never Married
2015 Est. Now Married
2015 Est. Separated or Divorced
2015 Est. Widowed
28.1%
50.3%
13.8%
7.9%
31.7%
44.9%
15.8%
7.7%
34.9%
41.1%
16.4%
7.5%
4.0%
7.3%
17.5%
13.9%
18.2%
12.4%
8.4%
9.3%
9.0%
$82,373
$70,355
$35,862
2.0%
3.9%
11.2%
12.0%
18.8%
14.9%
11.1%
11.2%
15.0%
$62,477
$51,478
$26,008
1.4%
2.8%
9.4%
11.2%
19.1%
15.3%
11.4%
12.8%
16.7%
$55,817
$45,551
$22,406
829
6,441
4,186
54,230
10,678
128,861
INCOME
2015 Est. HH Income $200,000 or More
2015 Est. HH Income $150,000 to $199,999
2015 Est. HH Income $100,000 to $149,999
2015 Est. HH Income $75,000 to $99,999
2015 Est. HH Income $50,000 to $74,999
2015 Est. HH Income $35,000 to $49,999
2015 Est. HH Income $25,000 to $34,999
2015 Est. HH Income $15,000 to $24,999
2015 Est. HH Income Under $15,000
2015 Est. Average Household Income
2015 Est. Median Household Income
2015 Est. Per Capita Income
2015 Est. Total Businesses
2015 Est. Total Employees
©2015, Sites USA, Chandler, Arizona, 480-491-1112
page 1 of 3
Demographic Source: Applied Geographic Solutions 04/2015, TIGER Geography
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
POPULATION
14,236
13,832
15,312
15,860
-0.6%
-0.7%
MARITAL STATUS
& GENDER
2015 Estimated Population
2020 Projected Population
2010 Census Population
2000 Census Population
Projected Annual Growth 2015 to 2020
Historical Annual Growth 2000 to 2015
AGE
Dearborn, MI 48124
FULL PROFILE
2000-2010 Census, 2015 Estimates with 2020 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 42.3017/-83.2634
RF1
Michigan Avenue & West Outer Drive
1 mi radius
3 mi radius
5 mi radius
2015 Est. Hispanic Population
2015 Est. Hispanic Population
2020 Proj. Hispanic Population
2010 Hispanic Population
712
5.0%
5.9%
4.6%
5,485
5.1%
5.9%
4.7%
17,146
5.4%
6.3%
5.0%
2015 Est. Adult Population (25 Years or Over)
2015 Est. Elementary (Grade Level 0 to 8)
2015 Est. Some High School (Grade Level 9 to 11)
2015 Est. High School Graduate
2015 Est. Some College
2015 Est. Associate Degree Only
2015 Est. Bachelor Degree Only
2015 Est. Graduate Degree
12,176
2.9%
5.9%
13.2%
20.9%
8.5%
19.7%
28.8%
87,964
6.4%
13.2%
23.9%
20.7%
6.5%
12.6%
16.7%
252,354
8.4%
15.9%
26.1%
21.3%
6.3%
10.1%
11.8%
2015 Est. Total Housing Units
2015 Est. Owner-Occupied
2015 Est. Renter-Occupied
2015 Est. Vacant Housing
6,765
76.1%
15.6%
8.4%
49,233
67.9%
22.9%
9.2%
140,116
64.5%
26.1%
9.4%
2010 Homes Built 2005 or later
2010 Homes Built 2000 to 2004
2010 Homes Built 1990 to 1999
2010 Homes Built 1980 to 1989
2010 Homes Built 1970 to 1979
2010 Homes Built 1960 to 1969
2010 Homes Built 1950 to 1959
2010 Homes Built Before 1949
1.1%
2.7%
5.4%
4.3%
7.8%
8.3%
24.5%
45.9%
1.5%
3.4%
6.0%
5.4%
10.4%
13.0%
32.9%
27.3%
1.6%
3.5%
6.0%
5.0%
10.3%
13.7%
33.6%
26.1%
2010 Home Value $1,000,000 or More
2010 Home Value $500,000 to $999,999
2010 Home Value $400,000 to $499,999
2010 Home Value $300,000 to $399,999
2010 Home Value $200,000 to $299,999
2010 Home Value $150,000 to $199,999
2010 Home Value $100,000 to $149,999
2010 Home Value $50,000 to $99,999
2010 Home Value $25,000 to $49,999
2010 Home Value Under $25,000
2010 Median Home Value
2010 Median Rent
0.3%
1.7%
1.6%
5.7%
15.0%
19.8%
24.6%
24.0%
3.7%
3.6%
$143,438
$685
0.3%
1.2%
1.1%
3.8%
10.7%
17.1%
27.1%
28.7%
5.5%
4.5%
$125,288
$702
0.3%
1.0%
0.8%
2.6%
8.4%
15.8%
28.3%
30.6%
6.9%
5.2%
$115,356
$690
©2015, Sites USA, Chandler, Arizona, 480-491-1112
page 2 of 3
Demographic Source: Applied Geographic Solutions 04/2015, TIGER Geography
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
RACE
70.4%
23.1%
1.8%
0.4%
4.4%
HOUSING
HISPANIC
77.2%
16.4%
2.2%
0.3%
3.9%
HOMES BUILT BY YEAR
2015 Est. White
2015 Est. Black
2015 Est. Asian or Pacific Islander
2015 Est. American Indian or Alaska Native
2015 Est. Other Races
EDUCATION
(Adults 25 or Older)
90.4%
4.7%
1.9%
0.3%
2.8%
HOME VALUES
Dearborn, MI 48124
FULL PROFILE
2000-2010 Census, 2015 Estimates with 2020 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 42.3017/-83.2634
RF1
Michigan Avenue & West Outer Drive
3 mi radius
5 mi radius
LABOR FORCE
11,403
63.4%
3.0%
33.6%
47.6%
52.4%
84,765
55.3%
4.5%
40.2%
47.8%
52.2%
246,524
53.8%
5.4%
40.8%
47.6%
52.4%
OCCUPATION
2010 Occupation: Population Age 16 Years or Over
2010 Mgmt, Business, & Financial Operations
2010 Professional, Related
2010 Service
2010 Sales, Office
2010 Farming, Fishing, Forestry
2010 Construction, Extraction, Maintenance
2010 Production, Transport, Material Moving
2010 White Collar Workers
2010 Blue Collar Workers
7,192
17.1%
30.7%
13.1%
23.7%
0.1%
5.5%
9.7%
71.5%
28.5%
44,849
12.5%
23.7%
18.0%
25.3%
0.2%
7.1%
13.2%
61.4%
38.6%
125,586
10.5%
19.6%
20.1%
25.6%
0.3%
7.9%
15.9%
55.8%
44.2%
2010 Drive to Work Alone
2010 Drive to Work in Carpool
2010 Travel to Work by Public Transportation
2010 Drive to Work on Motorcycle
2010 Walk or Bicycle to Work
2010 Other Means
2010 Work at Home
85.1%
8.9%
0.9%
0.7%
1.8%
0.3%
2.3%
85.3%
9.0%
1.3%
0.1%
1.6%
0.5%
2.2%
85.3%
9.2%
1.4%
0.1%
1.6%
0.5%
2.0%
TRAVEL TIME
2010 Travel to Work in 14 Minutes or Less
2010 Travel to Work in 15 to 29 Minutes
2010 Travel to Work in 30 to 59 Minutes
2010 Travel to Work in 60 Minutes or More
2010 Average Travel Time to Work
32.4%
38.7%
27.0%
1.9%
19.5
29.5%
40.3%
26.9%
3.3%
20.2
27.0%
42.6%
26.8%
3.6%
20.7
CONSUMER EXPENDITURE
2015 Est. Total Household Expenditure
2015 Est. Apparel
2015 Est. Contributions, Gifts
2015 Est. Education, Reading
2015 Est. Entertainment
2015 Est. Food, Beverages, Tobacco
2015 Est. Furnishings, Equipment
2015 Est. Health Care, Insurance
2015 Est. Household Operations, Shelter, Utilities
2015 Est. Miscellaneous Expenses
2015 Est. Personal Care
2015 Est. Transportation
$380 M
$13.2 M
$26.4 M
$15.0 M
$21.4 M
$57.7 M
$13.2 M
$33.1 M
$118 M
$5.60 M
$4.91 M
$71.8 M
$2.26 B
$78.4 M
$146 M
$83.1 M
$126 M
$351 M
$75.9 M
$202 M
$702 M
$33.8 M
$29.3 M
$432 M
$5.95 B
$207 M
$373 M
$213 M
$329 M
$934 M
$197 M
$537 M
$1.85 B
$89.6 M
$77.5 M
$1.14 B
TRANSPORTATION
TO WORK
2015 Est. Labor Population Age 16 Years or Over
2015 Est. Civilian Employed
2015 Est. Civilian Unemployed
2015 Est. in Armed Forces
2015 Est. not in Labor Force
2015 Labor Force Males
2015 Labor Force Females
©2015, Sites USA, Chandler, Arizona, 480-491-1112
page 3 of 3
Demographic Source: Applied Geographic Solutions 04/2015, TIGER Geography
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
1 mi radius
Dearborn, MI 48124