coles crossing iii - EDGE Realty Partners

CO LE S C ROS S I N G I I I
2 41 2 0 N O R T H W E S T F R E E WAY
C Y P R E S S , T E X A S 7 74 2 9
19, 8 2 6 S F M U LT I -T E N A N T R E TA I L
I N V E S T M E N T OP P OR T U N I T Y
HOU S T ON M S A
Coles Crossing III / 1
P RO P E R T Y
L O C AT I O N
COLES CROSSING III
2 41 2 0 N O R T H W E S T F R E E WAY, CY P R E S S T X 7 74 2 9
OV E R V I E W
+ + Excellent visibility from US Highway 290
+ + Located directly in front of Randall’s
grocery store and LA Fitness
+ + Easy cross access to Barker Cypress
and US Highway 290
GL A
1 9, 8 2 6 S F
PR ICE
$8,506,600
PR ICE PSF
( BL DG)
$429
O C C U PA N C Y
100%
+ + Located on the going home side of US Highway 290
along with both HEB and Randall’s grocery stores
+ + 70,000+ population with 3 miles and 215,000+ population within 5 miles
+ + Strong daytime population of 35,000+ within 3 miles
+ + Average household income of $123,000+ within 3 miles
Coles Crossing III / 2
E X E CUTI V E SU M M A RY
GLA
1 9, 8 2 6 S F
LAND
2 .0 4 AC R E S , O R 8 9,1 0 3 S F
PR ICE
$8,506,600
PR ICE PSF ( BL DG)
$429
COR E IN V ESTOR M A R K ET
L O C AT I O N
The fourth largest city in the nation, Houston is a
The Coles Crossing III shopping center has excellent
core market and is the 2nd fastest growing economy
visibility from US Highway 290. The center is located
in the United States. With over 1.8 million residents
along the HEB, Randall’s and LA Fitness anchored
added since 2000, Houston has enjoyed tremendous
intersection on the going home side of US Highway
growth and boasts a population of close to 2.7 million
290 North. The signalized intersection at Barker
residents. Houston enjoys the status of being the
O C C U PA N C Y R AT E
100%
IN V EST M EN T OPPORT U N IT Y
H O U S TO N I S T H E F O U R T H M O S T P O P U LO U S C I T Y
I N T H E N AT I O N
The strip center is currently 100% leased
with an excellent tenant mix of everyday
service and restaurant needs. The center is
supported by a strong residential area that is
H O U S TO N I S T H E FA S T E S T G R O W I N G H O U S I N G
MARKET IN THE US
Cypress is heavily traveled with 29,000 CPD.
economic and cultural hub of the entire Gulf Region.
projected to grow 26.1% from 2010 to 2020.
There are 2 points of ingress and egress
located along the access road of the Barker
Cypress exit. Additionally, the center is easily
accessible through the connected Randall’s
and LA Fitness anchored shopping centers.
The Cy-Fair campus of the Lone Star Community
College System is located 2.69 miles South
of the center. Located in the rapidly growing
70 , 0 0 0 + P O P U L AT I O N W I T H I N 3 M I L E R A D I U S
AND 215,000 + WITHIN 5 MILE R ADIUS
residential area of Cypress, TX, the population
within 5 miles of the center is over 215,000.
There is a strong daytime population of over
$1 2 3 , 0 0 0 + AV E R AG E H O U S E H O L D I N C O M E ( 3
M I LE R A D I U S )
35,000 within 3 miles. The center benefits from
an average household income of $123,000
within 3 miles of the shopping center.
EDGE – CM / E xecutive Summar y
Coles Crossing III / 3
D ETA I L S
A DDR ESS
2 41 2 0 N O R T H W E S T F R E E WAY
CY P R E S S , T X 7 74 2 9
LAND AREA
2 .0 4 AC R E S *, O R 8 9,1 0 3 S F
GLA
1 9, 8 2 6 S F
Y E A R B U I LT
2008
O C C U PA N C Y
100%
TR A FFIC COU N TS
B A R K E R CY P R E S S N O F H W Y 2 9 0 :
B A R K E R CY P R E S S S O F H W Y 2 9 0 :
HW Y 290 W OF BARKER CYPRESS:
HW Y 290 E OF BARKER CYPRESS:
2 9, 0 0 0 C P D
50,000 CPD
114,000 CPD
1 2 0 ,1 4 0 C P D
DEMOGR A PHIC SNA PSHOT
1 MILE
3 MILE
5 MILE
TOTA L P O P U L AT I O N
4,360
70,855
215,816
TOTA L DAY T I M E P O P U L AT I O N
5,027
35,655
96,548
P O P U L AT I O N G R O W T H 2 0 1 0 -2 02 0
26.1%
18.2%
16.9%
AV E R AG E H O U S E H O L D I N C O M E
$105,280
$123,420
$117,258
* PER HCAD
EDGE– CM / The Proper t y
Coles Crossing III / 4
A E R I A L - R ETA I L OV E RV I E W
EDGE– CM / The Proper t y
Coles Crossing III / 5
A E R I A L - S ITE ACC E SS
EDGE– CM / The Proper t y
Coles Crossing III / 6
S ITE PL A N
EDGE– CM / The Proper t y
Coles Crossing III / 7
PRO PE RT Y PH OTOS
EDGE– CM / The Proper t y
Coles Crossing III / 8
D I SCL A I M E R
EDGE Realty Capital Markets exclusively presents the
is made as to the value of this possible investment other
listing of Coles Crossing III (“Property”) for your acquisition.
than hypothetical scenarios. It is encouraged that you or
The owner is offering for sale the Property through its
any of your affiliates consult your business, tax and legal
exclusive listing with the team.
advisors before making a final determination of value or
EDGE Realty Capital Markets and owner provides the
suitability of the Property for acquisition.
material presented herein without representation or
As a condition of EDGE Realty Capital Markets’ consent
warranty. A substantial portion of information must be
to communicate the information contained herein–as
obtained from sources other than actual knowledge and
well as any information that may be communicated to you
not all sources can be absolutely confirmed. Moreover, all
subsequently either verbally or in writing by EDGE Realty
information is subject to changes by the parties involved as
Capital Markets, owner or agents of either of these parties
to price or terms before sale, to withdrawal of the Property
regarding the Property–it is required that you agree to
from the market, and to other events beyond the control of
treat all such information confidentially.
EDGE Realty Capital Markets or owner. No representation
COLE S CROSS ING III
2 41 2 0 NOR T H W E S T F R E E WAY
C Y P R E S S , T E X A S 7 74 2 9
A S O F : O C TO B E R 7, 2 0 1 6
E XC L U S I V E L I S T I N G B RO K E R S
J O S H JAC O B S
BURDETTE HUFFMAN
Principal
[email protected]
713.900.3001
Principal
[email protected]
713.900.3024
5444 Westheimer, Suite 1650
Houston, Texas 77056
T 713.900.3000
edge-cm.com
Post wood Plaza/ 10