chipotle mexican grill excess retail space

CHIPOTLE MEXICAN GRILL
EXCESS RETAIL SPACE
4727 MEDICAL DRIVE
SAN ANTONIO, TX
DANNY ELLIOTT
TABLE OF CONTENTS
SECTION I. . .. . .. . .. . .. . .. . .. . .. . .. . EXECUTIVE SUMMARY
SECTION II. ... ... ... ... ... ... ... ... MAP
SECTION III . .. . .. . .. . .. . .. . .. . .. . .. AERIAL
SECTION IV. .. . .. . .. . .. . .. . .. . .. . .. SITE PLAN
SECTION V. ... ... ... ... ... ... ... ... RENDERINGS
SECTION VI. .. . .. . .. . .. . .. . .. . .. . .. DEMOGRAPHICS
SECTION VII. . .. . .. . .. . .. . .. . .. . .. . AGENCY DISCLOSURE
The information contained was obtained from sources believed reliable, However, REATA Real Estate Services, LP, makes no
guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this project is submitted
subject to the errors, omissions and change of price or conditions prior to lease or withdrawal.
CHIPOTLE MEXICAN GRILL — MEDICAL CENTER
©REATA REAL ESTATE SERVICES, LP
EXECUTIVE SUMMARY
PROPERTY HIGHLIGHTS
Rare retail opportunity in two-tenant building in the heart of San Antonio’s densest daytime population area; the South Texas Medical Center.
LOCATION
4727 Medical Drive
San Antonio, TX
GLA
4,030 SF
SIZE AVAILABLE
1,635 SF
RENTAL RATE
$32.00 PSF
TRIPLE NET CHARGES
$8.50 PSF
FINISH OUT TERMS
Negotiable
LEASE TERM
5—10 Years
KEY TENANTS
Chipotle Mexican Grill
AREA EMPLOYERS
Audie Murphy Veterans Hospital, Christus Santa Rosa Medical Center, St. Luke’s Hospital and
University of Texas Health Science Center
TRAFFIC COUNTS
Medical Drive
Wurzbach Road DEMOGRAPHICS
2014 Estimated Population
2014 Estimated Households
Daytime Population
Average Household Income
1 Mile
15,343
7,807
41,609
$44,803
21,260 VPD
21,014 VPD
3 Miles
138,738
61,195
118,999
$52,997
5 Miles
378,503
148,286
203,839
$58,971
CONTACTS
DANNY ELLIOTT
PARTNER
210.841.3205
[email protected]
CHIPOTLE MEXICAN GRILL — MEDICAL CENTER
SECTION I
MAP
CHIPOTLE MEXICAN GRILL
4727 MEDICAL DRIVE
CHIPOTLE MEXICAN GRILL — MEDICAL CENTER
SECTION II
HAMILTON WOLFE RD
AERIAL
DR
DR
PO
IN
T
RD
ASPEN
VILLAGE
Condominiums
WU
RZ
BA
CH
CASTLEWOOD
Condominiums
PROMONTORY
POINTE
VILLAS
at Medical Center
D
CP
14
21
,0
CHRISTUS
SANTA ROSA
MEDICAL CENTER
DR
SUBJECT
BROADSTONE
On Medical
KA
YE
NY
DA
N
DR
W
AY
ST. LUKES
BAPTIST
HOSPITAL
DR
L
LL
L
EL
DE
CU
R
LS
OA
K
HA
FL
OY
D
G
RD
IN
EW
K
COC
BAB
VILLAS
AT NORTHGATE
SANTA ROSA
NORTHWEST
HOSPITAL
SPYGLASS HILL
Condominiums
METHODIST
SPECIALTY
& TRANSPLANT
HOSPITAL
WARM SPRINGS
REHABILITATION
HOSPITAL
M
ED
IC
AL
DA
TA
RD
W
OL
FE
G RD
BU R
HA
M
DR
IL
TO
N
RL
CU
MISSION
RANCH
Apartments
ICKS
DER
FRE
D
OY
FL
WHISPERING
CREEK VILLAS
21,2
6
MEDICAL CENTER
Apartments
TOWERING OAKS
Townhomes
METHODIST
AMBULATORY
SURGERY
0 CP
THE VINTAGE
Apartment Homes
D
MED
ICAL
DR
FOREST RIDGE
Apartments
MONTEBELLO
Apartments
METHODIST
HOSPITAL
FR
UNIVERSITY
OF TEXAS
HEALTH SCIENCE
CENTER
G
UR
B
KS
UNIVERSITY
HOSPITAL
IC
AUDIE MURPHY
VA MEDICAL
CENTER
ER
ED
DEER OAKS
Townhomes
RD
PA
ST
EU
R
LA NORMANDIE
Condominiums
DR
WINDRIDGE
Apartment
Homes
VILLAS
OF OAK CREST
LO
U
IS
SNOWDEN
HEIGHTS
THE ABBEY
At Medical
OAK HILLS
COUNTRY CLUB
RD
N
RD
A
GH
A
K
OAK HILL
LANES
LL
UR
ZB
AC
H
W
HUNTER BEND
Apartments
BA
BC
OC
CA
DEER OAKS
Apartments
RD
THE LANDMARK
At Medical Center
Apartment Homes
EAGLES NEST
Apartment Homes
WOODLAND RIDGE
Apartments
CHIPOTLE MEXICAN GRILL — MEDICAL CENTER
SECTION III
SITE PLAN
CHIPOTLE MEXICAN GRILL — MEDICAL CENTER
SECTION IV
RENDERINGS
CHIPOTLE MEXICAN GRILL — MEDICAL CENTER
SECTION V
FULL PROFILE
2000-2010 Census, 2014 Estimates with 2019 Projections
DEMOGRAPHICS
Calculated using Proportional Block Groups
Lat/Lon: 29.5104/-98.5783
RF1
3 mi radius
5 mi radius
378,503
409,378
354,070
324,522
1.6%
1.2%
15,343
138,738
2019 Projected Population
2010 Census Population
16,570
14,375
150,044
129,790
2000 Census Population
Projected Annual Growth 2014 to 2019
Historical Annual Growth 2000 to 2014
14,417
1.6%
0.5%
121,412
1.6%
1.0%
2014 Estimated Households
2019 Projected Households
2010 Census Households
2000 Census Households
Projected Annual Growth 2014 to 2019
Historical Annual Growth 2000 to 2014
7,807
8,293
7,457
7,335
1.2%
0.5%
61,195
65,009
58,444
53,865
1.2%
1.0%
148,286
157,533
141,621
127,078
2014 Est. Population Under 10 Years
2014 Est. Population 10 to 19 Years
2014 Est. Population 20 to 29 Years
2014 Est. Population 30 to 44 Years
2014 Est. Population 45 to 59 Years
2014 Est. Population 60 to 74 Years
2014 Est. Population 75 Years or Over
2014 Est. Median Age
11.5%
8.5%
30.4%
22.4%
14.4%
7.9%
4.9%
29.6
12.7%
10.7%
21.6%
20.5%
16.6%
11.2%
6.7%
33.6
13.3%
12.9%
18.2%
20.0%
17.9%
2014 Est. Male Population
2014 Est. Female Population
49.0%
51.0%
48.2%
51.8%
48.3%
51.7%
2014 Est. Never Married
2014 Est. Now Married
2014 Est. Separated or Divorced
2014 Est. Widowed
46.6%
24.4%
24.0%
4.9%
37.8%
34.9%
21.8%
5.5%
35.4%
39.3%
19.9%
5.5%
2014 Est. HH Income $200,000 or More
2014 Est. HH Income $150,000 to $199,999
2014 Est. HH Income $100,000 to $149,999
2014 Est. HH Income $75,000 to $99,999
2014 Est. HH Income $50,000 to $74,999
1.6%
1.6%
5.6%
8.4%
16.6%
1.7%
2.7%
8.9%
10.5%
19.3%
2014 Est. HH Income $35,000 to $49,999
2014 Est. HH Income $25,000 to $34,999
16.5%
13.6%
16.0%
13.0%
2014 Est. HH Income $15,000 to $24,999
2014 Est. HH Income Under $15,000
2014 Est. Average Household Income
2014 Est. Median Household Income
13.7%
22.3%
$44,803
$36,559
11.1%
16.7%
$52,997
$46,066
2014 Est. Per Capita Income
$23,052
$23,455
2.5%
3.4%
9.8%
11.1%
19.0%
15.2%
12.4%
11.7%
14.9%
$58,971
$49,778
$23,168
2,359
41,609
9,663
118,999
17,580
203,839
INCOME
MARITAL STATUS
& GENDER
POPULATION
2014 Estimated Population
HOUSEHOLDS
1 mi radius
AGE
4727 Medical Dr, San Antonio, TX 78229
2014 Est. Total Businesses
2014 Est. Total Employees
CHIPOTLE MEXICAN GRILL — MEDICAL CENTER
1.2%
1.2%
11.9%
5.8%
34.0
SECTION VI
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Chipotle Grill Retail - Medical Center
FULL PROFILE
2000-2010 Census, 2014 Estimates with 2019 Projections
DEMOGRAPHICS
Calculated using Proportional Block Groups
Lat/Lon: 29.5104/-98.5783
RF1
1 mi radius
RACE
4727 Medical Dr, San Antonio, TX 78229
HISPANIC
EDUCATION
(Adults 25 or Older)
HOUSING
HOMES BUILT BY YEAR
5 mi radius
2014 Est. White
66.9%
73.5%
2014 Est. Black
8.9%
6.2%
74.9%
4.8%
2014 Est. Asian or Pacific Islander
2014 Est. American Indian or Alaska Native
8.7%
1.0%
5.1%
0.9%
3.4%
0.9%
14.4%
14.3%
16.0%
2014 Est. Hispanic Population
7,592
79,926
241,849
2014 Est. Hispanic Population
2019 Proj. Hispanic Population
49.5%
50.2%
57.6%
58.5%
63.9%
64.9%
2010 Hispanic Population
49.0%
57.0%
63.2%
2014 Est. Adult Population (25 Years or Over)
9,612
90,565
242,590
2014 Est. Elementary (Grade Level 0 to 8)
2014 Est. Some High School (Grade Level 9 to 11)
4.0%
4.4%
5.8%
6.7%
2014 Est. High School Graduate
22.6%
22.8%
8.2%
8.0%
23.9%
2014 Est. Some College
2014 Est. Associate Degree Only
25.1%
8.5%
26.6%
7.6%
2014 Est. Bachelor Degree Only
20.8%
19.7%
2014 Est. Graduate Degree
14.6%
10.8%
7.1%
16.9%
10.2%
2014 Est. Total Housing Units
2014 Est. Owner-Occupied
8,778
17.3%
66,310
34.7%
157,905
46.9%
2014 Est. Renter-Occupied
71.7%
57.6%
2014 Est. Vacant Housing
11.1%
7.7%
47.0%
6.1%
2010 Homes Built 2005 or later
2010 Homes Built 2000 to 2004
5.6%
6.1%
5.9%
8.0%
7.0%
8.5%
2010 Homes Built 1990 to 1999
13.2%
14.0%
2010 Homes Built 1980 to 1989
2010 Homes Built 1970 to 1979
30.1%
31.3%
21.4%
26.5%
14.2%
19.8%
22.1%
2010 Homes Built 1960 to 1969
6.6%
11.7%
2010 Homes Built 1950 to 1959
2010 Homes Built Before 1949
4.0%
3.0%
8.6%
3.9%
2010 Home Value $1,000,000 or More
0.8%
0.2%
0.3%
2010 Home Value $500,000 to $999,999
2010 Home Value $400,000 to $499,999
2.8%
2.8%
1.2%
1.5%
2010 Home Value $300,000 to $399,999
2.0%
3.0%
1.4%
1.3%
3.1%
2014 Est. Other Races
HOME VALUES
3 mi radius
25.6%
11.3%
10.2%
6.9%
10.6%
18.7%
2010 Home Value $200,000 to $299,999
5.8%
7.9%
2010 Home Value $150,000 to $199,999
2010 Home Value $100,000 to $149,999
13.6%
31.4%
19.3%
36.3%
2010 Home Value $50,000 to $99,999
34.6%
26.3%
2010 Home Value $25,000 to $49,999
2010 Home Value Under $25,000
4.4%
1.7%
2.0%
2.5%
$115,747
$132,403
$134,531
$635
$669
$659
2010 Median Home Value
2010 Median Rent
CHIPOTLE MEXICAN GRILL — MEDICAL CENTER
©2014, Sites USA, Chandler, Arizona, 480-491-1112
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Chipotle Grill Retail - Medical Center
28.6%
30.5%
3.7%
1.8%
SECTION VI
page 2 of 3
Demographic Source: Applied Geographic Solutions 08/2014, TIGER Geography
FULL PROFILE
2000-2010 Census, 2014 Estimates with 2019 Projections
DEMOGRAPHICS
Calculated using Proportional Block Groups
Lat/Lon: 29.5104/-98.5783
RF1
CONSUMER EXPENDITURE
TRAVEL TIME
TRANSPORTATION
TO WORK
OCCUPATION
LABOR FORCE
4727 Medical Dr, San Antonio, TX 78229
1 mi radius
3 mi radius
5 mi radius
296,000
61.2%
2.9%
1.1%
2014 Est. Labor Population Age 16 Years or Over
2014 Est. Civilian Employed
12,395
63.2%
110,966
61.9%
2014 Est. Civilian Unemployed
2014 Est. in Armed Forces
2014 Est. not in Labor Force
2014 Labor Force Males
2.5%
1.4%
32.8%
48.4%
2.8%
1.2%
34.0%
47.7%
2014 Labor Force Females
51.6%
52.3%
2010 Occupation: Population Age 16 Years or Over
2010 Mgmt, Business, & Financial Operations
7,383
10.5%
63,766
13.6%
2010 Professional, Related
2010 Service
2010 Sales, Office
30.6%
17.5%
28.5%
24.0%
19.4%
28.5%
2010 Farming, Fishing, Forestry
2010 Construction, Extraction, Maintenance
0.2%
6.9%
0.3%
7.9%
2010 Production, Transport, Material Moving
2010 White Collar Workers
2010 Blue Collar Workers
5.7%
69.6%
30.4%
6.2%
66.1%
33.9%
2010 Drive to Work Alone
2010 Drive to Work in Carpool
80.5%
6.6%
81.3%
8.6%
2010 Travel to Work by Public Transportation
2010 Drive to Work on Motorcycle
2.3%
0.1%
2.9%
0.2%
2010 Walk or Bicycle to Work
2010 Other Means
2010 Work at Home
5.4%
2.4%
2.7%
2.8%
1.5%
2.6%
2010 Travel to Work in 14 Minutes or Less
34.5%
28.5%
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
46.2%
17.6%
1.6%
47.3%
20.8%
3.4%
17.3
19.4
2014 Est. Total Household Expenditure
2014 Est. Apparel
2014 Est. Contributions, Gifts
$318 M
$15.3 M
$18.8 M
$2.77 B
$133 M
$169 M
2014 Est. Education, Reading
2014 Est. Entertainment
2014 Est. Food, Beverages, Tobacco
$8.58 M
$17.3 M
$52.6 M
$74.5 M
$153 M
$452 M
2014 Est. Furnishings, Equipment
2014 Est. Health Care, Insurance
2014 Est. Household Operations, Shelter, Utilities
$13.2 M
$23.5 M
$95.0 M
$118 M
$202 M
$828 M
2014 Est. Miscellaneous Expenses
$5.54 M
$47.5 M
$7.19 B
$346 M
$452 M
$197 M
$399 M
$1.16 B
$311 M
$517 M
$2.15 B
$121 M
2014 Est. Personal Care
2014 Est. Transportation
$4.69 M
$63.1 M
$40.6 M
$555 M
$105 M
$1.43 B
2010 Average Travel Time to Work
CHIPOTLE MEXICAN GRILL — MEDICAL CENTER
34.8%
47.8%
52.2%
166,248
13.4%
21.2%
20.2%
28.2%
0.3%
8.9%
7.8%
62.8%
37.2%
81.1%
9.6%
2.9%
0.2%
2.1%
1.4%
2.7%
24.1%
48.3%
24.5%
3.2%
20.7
SECTION VI
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Chipotle Grill Retail - Medical Center
AGENCY DISCLOSURE
INFORMATION ABOUT BROKERAGE SERVICES
Texas law requires all real estate licensees to give the following information about
brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:
• A BROKER is responsible for all brokerage activities,
including acts performed by sales agents sponsored
by the broker.
• A SALES AGENT must be sponsored by a broker and
works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW
(A client is the person or party that the broker represents):
• Put the interests of the client above all others,
including the broker’s own interests;
• Inform the client of any material information about
the property or transaction received by the broker;
• Answer the client’s questions and present any offer
to or counter-offer from the client; and
• Treat all parties to a real estate transaction honestly
and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A
REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The
broker becomes the property owner’s agent through
an agreement with the owner, usually in a written
listing to sell or property management agreement. An
owner’s agent must perform the broker’s minimum
duties above and must inform the owner of any
material information about the property or transaction
known by the agent, including information disclosed to
the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes
the buyer/tenant’s agent by agreeing to represent
the buyer, usually through a written representation
agreement. A buyer’s agent must perform the broker’s
minimum duties above and must inform the buyer
of any material information about the property or
transaction known by the agent, including information
disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH — INTERMEDIARY: To act as
an intermediary between the parties the broker must
first obtain the written agreement of each party to
the transaction. The written agreement must state
who will pay the broker and, in conspicuous bold or
underlined print, set forth the broker’s obligations as
an intermediary. A broker who acts as an intermediary:
• Must treat all parties to the transaction impartially
and fairly;
• May, with the parties’ written consent, appoint a
different license holder associated with the broker to
each party (owner and buyer) to communicate with,
provide opinions and advice to, and carry out the
instructions of each party to the transaction.
• Must not, unless specifically authorized in writing to
do so by the party, disclose:
› that the owner will accept a price less than the
written asking price;
› that the buyer/tenant will pay a price greater than
the price submitted in a written offer; and
› any confidential information or any other
information that a party specifically instructs the
broker in writing not to disclose, unless required to
do so by law.
AS SUBAGENT: A license holder acts as a subagent
when aiding a buyer in a transaction without an
agreement to represent the buyer. A subagent can
assist the buyer but does not represent the buyer and
must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN
YOU AND A BROKER SHOULD BE IN WRITING AND
CLEARLY ESTABLISH:
• The broker’s duties and responsibilities to you, and
your obligations under the representation agreement.
• Who will pay the broker for services provided to you,
when payment will be made and how the payment
will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This
notice is being provided for information purposes.
It does not create an obligation for you to use the
broker’s services. Please acknowledge receipt of this
notice below and retain a copy for your records.
Regulated by the Texas Real Estate Commission. Information available at www.trec.texas.gov IABS 1-0 02/16/16
REATA Real Estate Services, LP
Licensed Broker/Broker Firm Name or
Primary Assumed Business Name
9002891
License Number
[email protected]
Email
210.930.4111
Phone
Thomas C. Tyng, Jr.
Designated Broker of Firm
0406718
License Number
[email protected]
Email
210.930.4111
Phone
Danny Elliott
Sales Agent
0502212
License Number
[email protected]
Email
210.930.4111
Phone
Sales Agent
License Number
Email
Phone
Sales Agent
License Number
Email
Phone
Buyer/Tenant/Seller/Landlord Initials
CHIPOTLE MEXICAN GRILL — MEDICAL CENTER
Date
SECTION VII