Sulphur Springs Corners Shopping Center

Sulphur Springs Corners
Shopping Center
1707 S. Broadway and Hwy 11
Sulphur Springs, Texas 75482
Presented By:
Dale Bryant
Bridge Realty Partners, Inc.
16910 Dallas Parkway, Suite 110
Dallas, Texas 75248
P 972.235.7888
F 972.235.3570
Developed By:
Sulphur Springs Corners
Shopping Center
16910 Dallas Parkway, Suite 110
Dallas, Texas 75248
P 972.235.7888
F 972.235.3570
Sulphur Springs, Texas
Table of Contents
1
Project Description
2
Maps
3
Site Plan(s)
4
Aerial(s)
5
Demographics
6
Agency Disclosure
16910 Dallas Parkway, Suite 110
Dallas, Texas 75248
P 972.235.7888
F 972.235.3570
Sulphur Springs Corners
Shopping Center
Sulphur Springs, Texas
Project Description
Location:
1707 S. Broadway and Hwy. 11
Sulphur Springs, Texas 75482
Property Type:
15,180 square foot retail/service development
Traffic Counts:
West I-30: 29,390
East I-30: 22,600
Scheduled Delivery:
Available now
Rental Rates:
$20.00 per square foot
Triple Nets:
$4.90 per square foot (estimate)
T.I. Allowance:
$18.00 per square foot
For Information
Dale P. Bryant
[email protected]
972.235.7888 o
972.342.6166 m
The information contained in this offering is from sources deemed reliable, but is not guaranteed by Bridge Realty Partners, Inc. or St. Ives Realty, Inc. and is
subject to change in price, correction, errors, omissions, prior sale(s), or withdrawal without notice. The information in this offering is not to be
considered complete, accurate, and total representation of the facts surrounding the property. No copies of this information may be made in whole or
in part without the prior written consent of Bridge Realty Partners, Inc.
16910 Dallas Parkway, Suite 110
Dallas, Texas 75248
P 972.235.7888
F 972.235.3570
Sulphur Springs Corners
Shopping Center
Sulphur Springs, Texas
16910 Dallas Parkway, Suite 110
Dallas, Texas 75248
P 972.235.7888
F 972.235.3570
Sulphur Springs Corners
Shopping Center
Sulphur Springs, Texas
16910 Dallas Parkway, Suite 110
Dallas, Texas 75248
P 972.235.7888
F 972.235.3570
Sulphur Springs Corners
Shopping Center
Sulphur Springs, Texas
Executive Summary
Prepared by
Sulphur Springs
Site Type: Radius
Radius: 1.0 mile
Radius: 3.0 mile
Radius: 5.0 mile
3,007
47.8%
52.2%
39.4
15,031
47.9%
52.1%
37.2
17,635
48.2%
51.8%
37.7
$38,727
$22,119
$51,332
$37,397
$21,084
$51,670
$37,863
$21,174
$52,472
1,367
2.20
0.3%
6,072
2.42
0.59%
7,003
2.46
0.8%
2007 Housing
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
61.0%
30.8%
8.2%
55.8%
32.9%
11.3%
57.7%
30.8%
11.5%
Population
1990 Population
2000 Population
2007 Population
2012 Population
1990-2000 Annual Rate
2000-2007 Annual Rate
2007-2012 Annual Rate
2,812
2,820
3,007
3,107
0.03%
1.03%
0.66%
14,108
14,638
15,031
15,285
0.37%
0.42%
0.34%
16,174
17,135
17,635
17,947
0.58%
0.46%
0.35%
2007 Population
Total Population
Male Population
Female Population
Median Age
2007 Income
Median HH Income
Per Capita Income
Average HH Income
2007 Households
Total Households
Average Household Size
1990-2000 Annual Rate
In the identified market area, the current year population is 17,635. In 2000, the Census count in the market area was 17,135. The rate of
change since 2000 was 0.46 percent annually. The five-year projection for the population in the market area is 17,947, representing a change
of 0.35 percent annually from 2007 to 2012. Currently, the population is 48.2 percent male and 51.8 percent female.
Households
1990 Households
2000 Households
2007 Households
2012 Households
1990-2000 Annual Rate
2000-2007 Annual Rate
2007-2012 Annual Rate
1,237
1,274
1,367
1,416
0.3%
1.13%
0.71%
5,526
5,862
6,072
6,194
0.59%
0.56%
0.4%
6,229
6,748
7,003
7,148
0.8%
0.6%
0.41%
The household count in this market area has changed from 6,748 in 2000 to 7,003 in the current year, a change of 0.6 percent annually. The
five-year projection of households is 7,148, a change of 0.41 percent annually from the current year total. Average household size is currently
2.46, compared to 2.48 in the year 2000. The number of families in the current year is 4,727 in the market area.
Housing
Currently, 57.7 percent of the 7,915 housing units in the market area are owner occupied; 30.8 percent, renter occupied; and 11.5 percent are
vacant. In 2000, there were 7,584 housing units— 56.4 percent owner occupied, 32.6 percent renter occupied and 11.0 percent vacant. The
rate of change in housing units since 2000 is 0.59 percent. Median home value in the market area is $88,152, compared to a median home
value of $192,285 for the U.S. In five years, median home value is projected to change by 3.08 percent annually to $102,586. From 2000 to
the current year, median home value changed by 4.73 percent annually.
©2007 ESRI
On-demand reports and maps from Business Analyst Online. Order at www.esri.com/bao or call 800-292-2224
12/06/2007
Page 1 of 2
Executive Summary
Prepared by
Sulphur Springs
Site Type: Radius
Radius: 1.0 mile
Radius: 3.0 mile
Radius: 5.0 mile
Median Household Income
1990 Median HH Income
2000 Median HH Income
2007 Median HH Income
2012 Median HH Income
1990-2000 Annual Rate
2000-2007 Annual Rate
2007-2012 Annual Rate
$21,067
$31,489
$38,727
$44,805
4.1%
3.37%
2.96%
$20,456
$30,505
$37,397
$43,278
4.08%
3.31%
2.96%
$20,910
$31,019
$37,863
$43,672
4.02%
3.24%
2.9%
Per Capita Income
1990 Per Capita Income
2000 Per Capita Income
2007 Per Capita Income
2012 Per Capita Income
1990-2000 Annual Rate
2000-2007 Annual Rate
2007-2012 Annual Rate
$11,781
$16,756
$22,119
$26,182
3.59%
4.54%
3.43%
$10,706
$16,777
$21,084
$25,090
4.59%
3.72%
3.54%
$10,993
$16,914
$21,174
$25,100
4.4%
3.66%
3.46%
Average Household Income
1990 Average Household Income
2000 Average Household Income
2007 Average HH Income
2012 Average HH Income
1990-2000 Annual Rate
2000-2007 Annual Rate
2007-2012 Annual Rate
$27,430
$40,059
$51,332
$60,691
3.86%
4.05%
3.41%
$27,040
$41,183
$51,670
$61,377
4.3%
3.7%
3.5%
$28,095
$41,962
$52,472
$62,095
4.09%
3.64%
3.42%
Households by Income
Current median household income is $37,863 in the market area, compared to $53,154 for all U.S. households. Median household income is
projected to be $43,672 in five years. In 2000, median household income was $31,019, compared to $20,910 in 1990.
Current average household income is $52,472 in this market area, compared to $73,126 for all U.S. households. Average household income
is projected to be $62,095 in five years. In 2000, average household income was $41,962, compared to $28,095 in 1990.
Current per capita income is $21,174 in the market area, compared to the U.S. per capita income of $27,916. The per capita income is
projected to be $25,100 in five years. In 2000, the per capita income was $16,914, compared to $10,993 in 1990.
Population by Employment
Total Businesses
Total Employees
219
1,412
782
5,281
873
5,893
Currently, 93.9 percent of the civilian labor force in the identified market area is employed and 6.1 percent are unemployed. In comparison,
93.4 percent of the U.S. civilian labor force is employed, and 6.6 percent are unemployed. In five years the rate of employment in the market
area will be 94.7 percent of the civilian labor force, and unemployment will be 5.3 percent. The percentage of the U.S. civilian labor force that
will be employed in five years is 93.9 percent, and 6.1 percent will be unemployed. In 2000, 59.9 percent of the population aged 16 years or
older in the market area participated in the labor force, and 0.0 percent were in the Armed Forces.
In the current year, the occupational distribution of the employed population is:
• 52.1 percent in white collar jobs (compared to 60.2 percent of U.S. employment)
• 16.3 percent in service jobs (compared to 16.5 percent of U.S. employment)
• 31.7 percent in blue collar jobs (compared to 23.3 percent of U.S. employment)
In 2000, 79.4 percent of the market area population drove alone to work, and 2.4 percent worked at home. The average travel time to work in
2000 was 17.8 minutes in the market area, compared to the U.S. average of 25.5 minutes.
Population by Education
In 2000, the educational attainment of the population aged 25 years or older in the market area was distributed as follows:
•
•
•
•
•
26.8 percent had not earned a high school diploma (19.6 percent in the U.S.)
34.5 percent were high school graduates only (28.6 percent in the U.S.)
2.6 percent had completed an Associate degree (6.3 percent in the U.S.)
11.7 percent had a Bachelor’s degree (15.5 percent in the U.S.)
5.6 percent had earned a Master’s/Professional/Doctorate Degree (8.9 percent in the U.S.)
©2007 ESRI
On-demand reports and maps from Business Analyst Online. Order at www.esri.com/bao or call 800-292-2224
12/06/2007
Page 2 of 2
Approved by the Texas Real Estate Commission for Voluntary Use
Texas law requires all real estate licensees to give the following information
about brokerage services to prospective buyers, tenants, sellers and landlords.
Information About Brokerage Services
B
efore working with a real estate broker, you should
know that the duties of a broker depend on whom
the broker represents. If you are a prospective
seller or landlord (owner) or a prospective buyer or
tenant (buyer), you should know that the broker who lists
the property for sale or lease is the owner’s agent. A
broker who acts as a subagent represents the owner in
cooperation with the listing broker. A broker who acts as
a buyer’s agent represents the buyer. A broker may act as
an intermediary between the parties if the parties
consent in writing. A broker can assist you in locating a
property, preparing a contract or lease, or obtaining
financing without representing you. A broker is obligated
by law to treat you honestly.
IF THE BROKER REPRESENTS THE OWNER:
The broker becomes the owner’s agent by entering into an
agreement with the owner, usually through a written listing agreement, or by agreeing to act as a subagent by
accepting an offer of subagency from the listing broker. A
subagent may work in a different real estate office. A
listing broker or subagent can assist the buyer but does
not represent the buyer and must place the interests of
the owner first. The buyer should not tell the owner’s
agent anything the buyer would not want the owner to
know because an owner’s agent must disclose to the
owner any material information known to the agent.
IF THE BROKER REPRESENTS THE BUYER:
The broker becomes the buyer’s agent by entering into an
agreement to represent the buyer, usually through a
written buyer representation agreement. A buyer’s agent
can assist the owner but does not represent the owner
and must place the interests of the buyer first. The owner
should not tell a buyer’s agent anything the owner would
not want the buyer to know because a buyer’s agent must
disclose to the buyer any material information known to the
agent.
IF THE BROKER ACTS AS AN INTERMEDIARY:
A broker may act as an intermediary between the parties
if the broker complies with The Texas Real Estate License
Act. The broker must obtain the written consent of each
party to the transaction to act as an intermediary. The
written consent must state who will pay the broker and, in
conspicuous bold or underlined print, set forth the broker’s
obligations as an intermediary. The broker is required to
treat each party honestly and fairly and to comply with
The Texas Real Estate License Act. A broker who acts
as an intermediary in a transaction:
(1) shall treat all parties honestly;
(2) may not disclose that the owner will accept a
price less than the asking price unless authorized in
writing to do so by the owner;
(3) may not disclose that the buyer will pay a price
greater than the price submitted in a written offer
unless authorized in writing to do so by the buyer; and
(4) may not disclose any confidential information or
any information that a party specifically instructs the
broker in writing not to disclose unless authorized in
writing to disclose the information or required to do so
by The Texas Real Estate License Act or a court
order or if the information materially relates to the
condition of the property.
With the parties’ consent, a broker acting as an
intermediary between the parties may appoint a person who
is licensed under The Texas Real Estate License Act
and associated with the broker to communicate with and
carry out instructions of one party and another person who
is licensed under that Act and associated with the broker
to communicate with and carry out instructions of the
other party.
If you choose to have a broker represent you,
you should enter into a written agreement with the broker
that clearly establishes the broker’s obligations and your
obligations. The agreement should state how and by
whom the broker will be paid. You have the right to
choose the type of representation, if any, you wish to
receive. Your payment of a fee to a broker does not
necessarily establish that the broker represents you. If you
have any questions regarding the duties and
responsibilities of the broker, you should resolve those
questions before proceeding.
Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.
Buyer, Seller, Landlord or Tenant
Date
Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question
or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.
01A
EQUAL HOUSING
OP P O RT U N I T Y
TREC No. OP-K