Walgreens - Relocation Store Greensboro, NC
Transcription
Walgreens - Relocation Store Greensboro, NC
offeringmemorandum. memorandum. offering Walgreens - Relocation Store Greensboro, NC e Rail Lin Greensboro - High Point Rd Project Realignment & Widening (Nov 2015 Completion) (Future Expansion) Adams Farm Shopping Center Mac kay Rd 0 80 25, AA DT) d( tR (19,1 00 A A oin hP DT) H ig (Previous) Relocation (Previous) Actual Site (2014 Completion) $9,196,000 5.40% CAP Rate 20-Year NNN Lease High Average Household Income of ••New • • $84,285 within One Mile Construction ••2013 at the intersection of two major Rated “BBB” ••Located ••S&P thoroughfares: Located in the Piedmont Triad MSA region ••Relocated From Across High Point Road •• •• •• High Point Road 25,800 AADT Mackay Road 19,100 AADT This property is listed in conjunction with North Carolina-licensed real estate broker Stewart Realty, LLC. 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 Yuras, CCIM Vice President 415.481.0788 [email protected] Lic #01823291 Putnam Daily VP/Transaction Manager 415.445.5107 [email protected] Lic #01750064 901 Mariners Island Boulevard, Suite 120 • San Mateo, CA 94404 • Tel 415.373.4060 • Fax 415.373.4060 • www.maffiateam.com Table of Contents •Property Information........................................................................................................................1 •Tenant Information.......................................................................................................................... 2 •About the Area................................................................................................................................ 3 •Site Plans....................................................................................................................................... 4 •Aerials............................................................................................................................................ 5 •Location Maps................................................................................................................................ 8 •Demographics............................................................................................................................... 11 Property Information Location The property is located at 5005 Mackay Road in Greensboro, North Carolina. Lot Size Approximately 3.198 acres, or 139,305 square feet. Improvements Construction was completed in November 2013 of an approximately 14,534 square foot drugstore with a prescription drivethru for Walgreens. There is ample parking on site. Lease Leased to Walgreen Co. for 20 years from November 2013, to November 2033, at an initial annual net rent of $496,587. After the base term of 20 years, the lease automatically continues in force for 55 more years unless Walgreens cancels. Walgreens may cancel at the end of the 20th lease year and every five years thereafter, with 12 month’s notice. Walgreens pays all taxes, insurance, and maintenance including roof and structure. In addition to base rent, Walgreens is potentially liable for percentage rent. (See “Percentage Rent”). Walgreens has a right of first refusal. Net Annual Income $496,587 Price $9,196,000 (5.40% Return) Financing The property will be delivered free and clear of permanent financing. Percentage Rent: The tenant pays the higher of fixed rent or percentage rent. This lease has the standard Walgreens percentage rent clause. The percentage rent calculation is 2% of general sales and 0.5% of food and prescription sales (excluding third-party prescription plans). Real estate taxes and insurance costs are then deducted from this, the net amount after this deduction being the percentage rent. Notwithstanding the paragraph above, it is unlikely Walgreens will “ever” pay percentage rent, on this store or any store. The calculated percentage rent, which excludes prescriptions covered by insurance, HMO’s, or Medicare, is far too difficult to reach. 1 Tenant Information Incorporated in 1909, Walgreen Co. (NYSE: “WAG”) operates 8,516 locations comprising 8,058 drugstores, 369 Health & Wellness/worksite facilities, 80 home medical facilities, and 9 “other” stores (corporate store, mail order facilities, specialty pharmacies, and institutional pharmacies) in 50 states, the District of Columbia, Puerto Rico, and Guam. The company also owns 37 strip shopping malls and operates 367 Take Care Clinics (in-store clinics providing a wide range of healthcare services for patients aged 18 months and older). For the fiscal year ended August 31, 2013, Walgreen Co. reported revenue of $72.217 billion with net income of $2.450 billion and net worth of $19.454 billion. Walgreens enjoys a Standard & Poor’s rating of “BBB” and is ranked 32nd in the 2012 Fortune 500. For additional information, see www.walgreens.com. 2 About the Area Site Information The Walgreens recently relocated to an oversized 3-acre lot on the southwest corner of High Point Road (25,800 AADT as of 2012) and Mackay Road (19,100 AADT as of 2012). Prior to being relocated, Walgreens had successfully operated directly across High Point Road since 2005 and a Rite Aid pharmacy occupied the present day Walgreens parcel (See aerial on page 6). The Walgreens relocation is a result of the condemnation of several parcels (previous Walgreens, Rite Aid and McDonalds) on both sides of High Point Road in preparation for the future widening of High Point Road. High Point Road (U-2412) will be widened and partially relocated from Hilltop Road to US 311 in High Point. The interchange with the Urban Loop will be the area’s first Diverging Diamond. The annual average daily traffic is projected to rise significantly due to the widening of the road. By 2032 the North Carolina Department of Transportation has projected that the annual average daily traffic will be 38,500 vehicles on High Point Road and 26,200 vehicles on Mackay Road. Prior to the condemnation, Walgreens and Rite Aid competed for market share. Today, Walgreens is the sole freestanding pharmacy at the intersection and benefits from their existing customer base, as well as the established Rite Aid customer base. The property is located across the street from Adams Farm Shopping Center, anchored by Harris Teeter, a large chain supermarket. Harris Teeter is in the process of a substantial remodel/renovation to meet the growing demands of the market. Additional retailers in the near vicinity include Bank of America, SunTrust Bank, McDonald’s (2014), The UPS Store, Subway, Dollar Tree, and many others. The property is located amongst some of the most affluent Greensboro neighborhoods, with median home values ranging from $236,000 in Latham Park to over $368,000 in Irving Park and surrounding area. The average household income within one mile of the property is $84,285. Additionally, the property is located in the vicinity of Sedgefield Country Club, Adams Farm and the Grandover Resort Golf Club which features 1,500 acres of landscaped grounds. General Overview Greensboro is the third-largest city by population in North Carolina and the largest city in Guilford County and the surrounding Piedmont Triad metropolitan region. The city is part of a thriving MSA called the Triad, which includes three major cities (Greensboro, High Point, and Winston-Salem) with over 1 million people. According to the 2012 U.S. Census, Greensboro’s population is 277,080. The city is located at the intersection of two major interstate highways (I-85 and I-40) in the Piedmont region of central North Carolina. Greensboro is becoming an up-and-coming center for relocating businesses and is now the corporate headquarter location of the Honda Aircraft Co., Kayser-Roth, VF, Syngenta Crop Protection, Volvo Trucks of North America, RF Micro Devices, NewBridge Bank, among others. According to the City’s 2010 Comprehensive Annual Financial Report, some of the largest employers in the city are: Guilford County Public Schools, Cone Health, City of Greensboro, United States Postal Service, Guilford County, and University of North Carolina at Greensboro. The city is served by Piedmont Triad International Airport, which also serves the nearby cities of High Point and WinstonSalem as well as the surrounding Piedmont Triad MSA. Major interstate highways running through Greensboro are I-40, I-85/Business, I-73, I-785, and I-840. Highway 20, which travels through the southern, eastern and northern sections of the city before heading northeast toward suburban Reidsville, is a major route in Greensboro and offers freeway access to the more urban and central areas of the city. A major thoroughfare, High Point Road, is expanding into a six lane roadway to enhace connectivity between US 311 Bypass (Future I-74), the Greensboro Western Urban Loop (Future I-40), and the Southwest Guilford County transportation network. This project is underway due to the increasing transportation demand in the Jamestown area of Guilford County. 3 Site Plan SIGN MA CK AY R D SIGN HI GH PO IN T RD 14,534 SF SIGN 4 Aerial | Close-Up View Pilot Elementary School Aerial | Mid-Range View Line Rail Greensboro - High Point Rd Project Realignment & Widening (Nov 2015 Completion) (Future Expansion) Adams Farm Shopping Center Mac kay Rd (19,1 00 A Poi h g Hi ADT ) (Previous) Relocation (Previous) (2014 Completion) ,80 5 2 d( nt R T) AD A 0 Aerial | North View Piedmont Triad International Airport WENDOVER PLACE WENDOVER VILLAGE LANDMARK STATION Pilot Elementary School Adams Farm Lake ne Rail Li (Future Expansion) Mac kay Rd (19, 100 A Greensboro - High Point Rd Project Realignment & Widening (Nov 2015 Completion) Adams Farm Shopping Center ADT ) ) ADT A 0 h Hig ,80 (25 d nt R Poi 7 (2014 Completion) Aerial | Northwest ViewCone Health MedCenter Piedmont Triad International Airport ITT Technical Institute PALLADIUM AT DEEP RIVER OAK HOLLOW SQUARE Adams Farm Tennis Courts Adams Lake Rail Line (Future Expansion) ( ay Rd Mack 19,100 ) AADT High Point Rd (25,800 AADT) (2014 Completion) Greensboro - High Point Rd Project Realignment & Widening (Nov 2015 Completion) Location Map Site Location Map Site Location Map Site Market Profile Demographics 5005 Mackay Road Greensboro, NC 27407 5005 Mackay Rd, Greensboro, NC, 27407 Ring: 1 mile radius Latitude: 36.01544 Longitude: -79.89756 1 mile 3 miles 5 miles 5,459 6,022 6,443 88 7,279 2.47% 36,915 40,644 42,034 275 45,357 1.53% 99,505 116,486 119,966 850 128,611 1.40% 2,076 2.63 2,301 2.58 2,459 2.58 2,786 2.58 2.53% 1,615 3.07 1,714 3.07 1,953 3.08 2.64% 14,718 2.50 16,456 2.45 17,075 2.45 18,548 2.43 1.67% 10,677 3.02 10,899 3.02 11,778 3.02 1.56% 41,029 2.39 49,404 2.34 50,912 2.34 54,744 2.33 1.46% 29,089 3.00 29,495 2.99 31,649 3.01 1.42% 2000 Housing Units Owner Occupied Housing Units Renter Occupied Housing Units Vacant Housing Units 2,154 72.5% 23.9% 3.6% 15,599 60.8% 33.6% 5.6% 43,873 55.0% 38.5% 6.5% 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 2,499 66.2% 25.9% 7.9% 2,672 65.7% 26.3% 8.0% 3,011 66.9% 25.7% 7.5% 18,161 56.2% 34.4% 9.4% 18,859 54.4% 36.2% 9.5% 20,475 54.0% 36.5% 9.4% 55,188 48.0% 41.5% 10.5% 56,907 46.2% 43.2% 10.5% 60,964 46.7% 43.1% 10.2% $68,826 $73,836 $55,567 $61,229 $45,385 $52,663 $176,815 $182,774 $167,629 $177,781 $141,299 $150,824 $32,682 $34,919 $29,936 $32,911 $25,647 $28,403 35.3 35.3 35.4 35.8 35.8 36.2 34.3 34.3 34.8 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. 12 Market Profile Demographics 5005 Mackay Road Greensboro, NC 27407 5005 Mackay Rd, Greensboro, NC, 27407 Ring: 5 mile radius Latitude: 36.01544 Longitude: -79.89756 1 mile 3 miles 5 miles Household Income Base 2,459 17,075 50,912 <$15,000 $15,000 - $24,999 4.0% 5.7% 9.9% 9.5% 11.5% 12.5% $25,000 - $34,999 $35,000 - $49,999 7.8% 9.0% 10.9% 13.5% 13.7% 16.2% $50,000 - $74,999 $75,000 - $99,999 28.4% 17.1% 20.6% 12.8% 21.2% 10.4% $100,000 - $149,999 17.2% 12.6% 8.8% $150,000 - $199,999 $200,000+ 7.1% 3.7% 6.5% 3.8% 3.3% 2.4% $84,284 $73,235 $60,082 2,786 18,548 54,744 3.4% 3.9% 9.4% 7.2% 11.1% 9.6% 5.2% 7.5% 30.9% 20.7% 17.4% 7.4% 3.5% $89,901 7.8% 11.9% 24.4% 14.9% 13.4% 7.1% 3.8% $80,039 10.2% 14.9% 26.0% 12.5% 9.7% 3.7% 2.5% $66,395 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 1,756 0.2% 2.3% 27.2% 38.1% 14.0% 7.6% 5.4% 1.8% 2.7% 0.6% 0.5% $208,395 10,250 0.5% 9.8% 31.1% 24.3% 13.0% 7.4% 8.1% 2.9% 2.2% 0.4% 0.3% $200,350 26,313 1.0% 19.1% 36.2% 20.9% 9.9% 5.0% 4.7% 1.6% 1.2% 0.3% 0.2% $167,957 2017 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 2,013 0.0% 1.4% 21.3% 41.6% 16.9% 8.2% 11,066 0.3% 7.6% 27.3% 26.8% 16.0% 8.1% 28,463 0.6% 16.0% 33.0% 23.9% 12.7% 5.6% $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 5.1% 1.7% 2.7% 7.7% 3.0% 2.5% 4.6% 1.7% 1.5% $750,000 - $999,999 $1,000,000 + Average Home Value 0.6% 0.5% $214,632 0.5% 0.3% $209,136 0.4% 0.2% $177,342 2012 Households by Income Average Household Income 2017 Households by Income Household Income Base <$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 13 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 5005 Mackay Road Greensboro, NC 27407 5005 Mackay Rd, Greensboro, NC, 27407 Ring: 5 mile radius Latitude: 36.01544 Longitude: -79.89756 1 mile 3 miles 5 miles 6,025 40,644 116,485 6.6% 7.3% 6.7% 6.8% 6.9% 6.5% 10 - 14 15 - 24 7.6% 13.5% 6.6% 13.7% 6.1% 15.1% 25 - 34 35 - 44 14.5% 16.0% 15.1% 14.6% 16.6% 14.1% 45 - 54 14.3% 14.0% 13.3% 55 - 64 65 - 74 10.5% 5.2% 11.4% 6.5% 10.7% 5.8% 75 - 84 85 + 3.1% 1.4% 3.5% 1.1% 3.6% 1.4% 74.0% 75.9% 76.8% 6,443 42,033 119,965 6.6% 7.3% 7.6% 13.2% 14.9% 15.7% 14.0% 11.0% 5.4% 3.0% 1.4% 74.2% 6.7% 6.7% 6.4% 13.5% 15.5% 14.2% 13.6% 11.8% 6.9% 3.5% 1.2% 76.4% 6.8% 6.4% 6.0% 15.0% 16.8% 13.7% 12.8% 11.1% 6.2% 3.5% 1.5% 77.2% 7,279 6.7% 7.4% 7.8% 12.3% 15.2% 15.6% 13.1% 11.4% 6.2% 3.0% 1.3% 73.9% 45,355 6.7% 6.6% 6.5% 12.6% 15.8% 13.8% 12.5% 12.3% 8.3% 3.7% 1.2% 76.6% 128,611 6.8% 6.4% 6.1% 14.1% 16.9% 13.4% 11.9% 11.6% 7.5% 3.7% 1.6% 77.4% 2,872 3,150 19,617 21,027 55,712 60,774 2010 Population by Age Total 0-4 5-9 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 + 2010 Population by Sex Males Females 2012 Population by Sex Males Females 2017 Population by Sex Males Females 3,081 20,292 57,402 3,362 21,743 62,564 3,487 21,876 61,490 3,792 23,481 67,121 14 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 5005 Mackay Road Greensboro, NC 27407 5005 Mackay Rd, Greensboro, NC, 27407 Ring: 5 mile radius Latitude: 36.01544 Longitude: -79.89756 1 mile 3 miles 5 miles 2010 Population by Race/Ethnicity Total 6,023 40,644 116,487 67.8% 19.9% 58.4% 26.1% 51.3% 33.7% American Indian Alone Asian Alone 0.4% 6.5% 0.5% 7.3% 0.6% 6.2% Pacific Islander Alone Some Other Race Alone 0.0% 2.4% 0.1% 5.0% 0.1% 5.3% White Alone Black Alone Two or More Races Hispanic Origin Diversity Index 2.9% 2.7% 2.8% 5.8% 55.1 9.6% 65.8 10.2% 68.9 2012 Population by Race/Ethnicity Total 6,443 42,033 119,967 66.7% 20.2% 57.5% 26.3% 50.6% 33.7% 0.4% 7.0% 0.0% 2.5% 3.1% 6.1% 56.5 0.5% 7.7% 0.1% 5.2% 2.8% 10.0% 66.8 0.6% 6.5% 0.1% 5.5% 3.0% 10.6% 69.6 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 7,279 63.6% 21.0% 0.5% 8.3% 0.0% 3.0% 3.5% 7.1% 60.4 45,357 55.0% 26.7% 0.6% 8.6% 0.1% 5.9% 3.2% 11.4% 69.6 128,612 48.4% 34.0% 0.7% 7.3% 0.1% 6.2% 3.3% 12.0% 72.0 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 6,022 98.5% 84.1% 26.9% 19.9% 31.7% 3.7% 1.8% 14.5% 1.5% 1.5% 0.0% 40,644 99.3% 81.6% 26.3% 19.0% 29.8% 4.2% 2.2% 17.8% 0.7% 0.5% 0.2% 116,486 99.3% 77.2% 24.9% 16.5% 29.0% 4.4% 2.4% 22.1% 0.7% 0.5% 0.2% White Alone Black Alone American Indian Alone Asian Alone Pacific Islander Alone Some Other Race Alone Two or More Races Hispanic Origin Diversity Index 15 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. Market Profile Demographics 5005 Mackay Road Greensboro, NC 27407 5005 Mackay Rd, Greensboro, NC, 27407 Ring: 5 mile radius Latitude: 36.01544 Longitude: -79.89756 1 mile 3 miles 5 miles 2,302 23.5% 76.5% 70.2% 52.0% 26.1% 18.2% 4.6% 2.6% 13.6% 16,457 28.0% 72.0% 64.9% 47.0% 21.3% 17.9% 4.8% 2.6% 13.1% 49,404 32.4% 67.6% 58.9% 39.0% 17.4% 19.8% 5.0% 2.8% 14.8% 9.8% 6.3% 9.2% 7.1% 10.3% 8.7% 38.7% 33.5% 30.9% 3.1% 6.3% 5.4% 0.9% 3.1% 6.2% 5.5% 0.7% 3.2% 6.8% 6.0% 0.8% 2,302 23.5% 33.1% 19.2% 15.5% 5.6% 2.1% 1.0% 16,456 28.0% 33.6% 16.9% 12.9% 5.6% 2.0% 1.0% 49,404 32.4% 32.7% 15.8% 11.0% 5.0% 1.9% 1.1% 2,301 71.9% 61.0% 10.9% 28.1% 16,456 62.0% 49.5% 12.5% 38.0% 49,404 53.7% 42.3% 11.3% 46.3% 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 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. 16
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