MarketRetail OFFERING MEMORANDUM - Hardee's 20-Yr. Ground Lease Millington, TN- Memphis MSA - Market Retail Partners
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
OFFERING MEMORANDUM
Hardee’s 20-Yr. Ground Lease
MarketRetail
P A R T N E R S LLC
Millington, TN- Memphis MSA
marketretailpartners.com
CONFIDENTIALITY & DISCLOSURE
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party
receiving it from Market Retail Partners and should not be made available to any other person or entity without the written consent of Market Retail Partners.
This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary
level of interest in the subject property. The information contained here-in is not a substitute for a thorough due diligence investigation. Market Retail Partners
has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained
from sources we believe to be reliable; however, Market Retail Partners has not verified, and will not verify, any of the information contained herein, nor has
Market Retail Partners conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or
completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
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 respect thereto.
Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.
Kevin Fulton
Managing Partner
Mobile: 615.796.4076 | kfulton@marketretailpartners.com
License #: 313966
7003 Chadwick Drive | Suite 208 | Brentwood, TN 37027 | Office: 615.345.4455
MarketRetail
P A R T N E R S LLC
TABLE OF CONTENTS
ABOUT THE INVESTMENT
Summary
Highlights
Site Plan
Aerials
Maps
FINANCIAL INFORMATION
Rent Roll
TENANT SUMMARY
Company Information
AREA OVERVIEW
City Information
Demographics
MarketRetail
P A R T N E R S LLC
ABOUT THE INVESTMENT
MarketRetail
P A R T N E R S LLC
ABOUT THE INVESTMENT
Summary
Market Retail Partners is pleased to offer for sale to qualified investors a ADDRESS
brand new 20-year absolute triple net ground lease investment opportunity
located in Millington, Shelby County, Tennessee. 8523 U.S. Highway 51 N.
Millington, TN
The subject property is an absolute triple net ground leased to Saddle Peak
LLC d.b.a. Hardee’s with a new 20-year lease term. The lease has attractive PROPERTY SPECIFICS
rental increases of 10% every five years as well as in the four, 5-year renewal
options. Purchase Price $1,400,000.00
CAP Rate 5.00%
This property is strongly positioned on the high traffic corridor of U.S. Rentable Area 54,000
Highway 51 N. between Veterans Parkway and Wilkinsville Road. Recent Lot Size 1.24 Acres
additions to the area include Starbuck’s, Dairy Queen, Chick-fil-A, Buffalo
Wild Wings, Huey’s, Aspen Dental, Petco, Dunham’s Sporting Goods, Ross, Year Built 2017
Five Below and more.
Millington is a city located within Shelby County and the Memphis
Metropolitan Area and is only 9 miles north of Memphis. The Memphis
MSA has approximately 1.2 million people and is home to FedEx Corporation,
AutoZone Corporation, St. Jude’s Children’s Research Hospital, and much
more.
Millington is home to the Naval Support Activity Mid-South and over 7,500
military, civilian, and contract personnel. NSA Mid-South is a U.S. Navy
Base and serves as the Navy’s Human Recources Center of Excellence while
serving host to several commands and other military tenants including Navy
Personnel Command, Navy Recruiting Command, the Navy Manpower
Analysis Center, a Marine reserve Company- Bridge Company C and the US
Army Corps of Engineers Finance Center.
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P
MarketRetail
A P RA TR NT NE ER R S LLC
S LLC
ABOUT THE INVESTMENT
Highlights
NEW 20-YEAR ABSOLUTE NNN GROUND LEASE | Brand new 20-year lease
term. COMMUTER CORRIDOR | US Highway 51 is a commuter corridor to and from
Memphis with over 25,000 vehicles traveling on it daily.
BRAND NEW FREE-STANDING HARDEE’S | New construction prototype
developed by tenant and completed in 2017. AMPLE LAND AND PARKING | Versatile lot size of 1.24 acres / 54,000 SF
that can accommodate a building larger than the existing building footprint.
ATTRACTIVE SCHEDULED RENTAL INCREASES | 10% every 5 years
including four (4), five (5) year renewal options. NAVAL FACILTY | Millington is home to the Naval Support Activity (NSA)
Mid-South and over 7,500 military, civilian, and contract personnel.
25+ UNIT OPERATOR - GUARANTEED BY BIG ROCK LLC | Big Rock LLC/
Saddle Peak LLC owns and operates approximately 25 locations in Arkansas, MEMPHIS MSA | Home to approximately 1.2 million people as well as the
Mississippi and Tennessee. FedEx Corporation, AutoZone Corporation, International Paper, St. Jude’s
Children Research Hospital and much more.
HIGHLY VISIBLE LOCATION | The site benefits from excellent visibility and
frontage along with newcomers Chick-Fil-A, Starbuck’s, Dairy Queen, Buffalo HOME OF THE BLUES & THE BIRTHPLACE OF ROCK ‘N’ ROLL | Only 19
Wild Wings, miles and 25 Minutes north of Downtown Memphis and the famous Beale
Street, Memphis Grizzlies and the FedEx Forum.
ACROSS FROM NEW 125,135 SF THE SHOPPES OF MILLINGTON FARMS
DEVELOPMENT | Tenants include Petco, Ross, Rack Room Shoes, Five Below,
Burkes Outlet, Rue21, Dunham’s Sports, Buffalo Wild Wings, Aspen Dental &
more.
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P
MarketRetail
A P RA TR NT NE ER R S LLC
S LLC
ABOUT THE INVESTMENT
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P A R T N E R S LLC
ABOUT THE INVESTMENT
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P A R T N E R S LLC
ABOUT THE INVESTMENT
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P A R T N E R S LLC
ABOUT THE INVESTMENT
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P A R T N E R S LLCFINANCIAL INFORMATION
MarketRetail
P A R T N E R S LLCFINANCIAL INFORMATION
Rent Roll
TENANT TERM MONTHLY RENT ANNUAL RENT
Hardee's Years 1-5 $5,833.33 $70,000.00
Years 6-10 $6,416.67 $77,000.00
Years 11-15 $7,058.33 $84,700.00
Years 16-20 $7,764.17 $93,170.00
Option 1 Years 21-25 $8,540.58 $102,487.00
Option 2 Years 26-30 $9,394.64 $112,735.70
Option 3 Years 31-35 $10,334.11 $124,009.27
Option 4 Years 36-40 $11,367.52 $136,410.20
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P
MarketRetail
A P RA TR NT NE ER R S LLC
S LLCTENANT SUMMARY
MarketRetail
P A R T N E R S LLCTENANT SUMMARY
Tenant Overview Lease Abstract
Tenant Saddle Peak LLC dba Hardee’s
Lease Type Absolute NNN Ground Lease
Lot Size 1.24 Acres | 54,000 Square Feet
Lease Commencement 2017
Term Expiration January 31, 2037
Saddle Peak LLC dba Hardee’s Annual Rent $70,000.00
Saddle Peak LLC owns and operates 23 Hardee’s restaurants in Arkansas, Mississippi
Renewal Options Four (4) – Five (5) Year Options
and Tennessee.
Hardee’s | www.hardees.com
Hardee’s is an American restaurant chain, which predominantly operates in the
South and Midwest states. It has evolved through several corporate ownerships since Rent Schedule
its establishment in 1960. It is currently owned and operated by CKE Restaurants.
Along with its sibling restaurant chain, Carl’s Jr., Hardee’s is the 5th largest fast-food YEARS MONTHLY RENT ANNUAL RENT
restaurant chain in the United States after Subway, McDonald’s, Burger King and Years 1-5 $5,833.33 $70,000.00
Wendy’s. As of 2014, there are 1,995 Hardee’s locations in 30 states.
Years 6-10 $6,416.67 $77,000.00
Years 11-15 $7,058.33 $84,700.00
Carl Karcher Enterprises, Inc. | www.ckr.com
Founded by Carl’s Jr. entrepreneur Carl Karcher in 1964, Carl Karcher Enterprises Years 16-20 $7,764.17 $93,170.00
(CKE) today owns, operates, franchises and/or licenses 3,243 quick-service Option 1 Years 21-25 $8,540.58 $102,487.00
restaurants (QSR) in 43 states, primarily under the brand names Carl’s Jr. and Option 2 Years 26-30 $9,394.64 $112,735.70
Hardee’s, both of which offer innovative, premium products intended to appeal to a Option 3 Years 31-35 $10,334.11 $124,009.27
target audience of young, hungry guys. CKE Restaurants is the parent company of
Option 4 Years 36-40 $11,367.52 $136,410.20
Carl’s Jr., Hardee’s, Green Burrito, and Red Burrito restaurant chains. The company
employs a dual branding technique for Carl’s Jr. with Green Burrito. Similarly, Hardee’s
has a dual branding strategy with Red Burrito. Carl’s Jr. primarily operates in western
US and West Coast regions. In 2010 CKE Restaurants, Inc. was purchased by the
private equity firm Apollo Management. The company’s business strategy focuses
on strengthening its competitive position, growing same-store sales, enhancing
profitability of both the Carl’s Jr. and Hardee’s concepts, and differentiating the Carl’s
Jr. and Hardee’s brands from the brands of competitors. The company had $1.28
billion in revenue in 2012.
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P
MarketRetail
A P RA TR NT NE ER R S LLC
S LLCAREA OVERVIEW
MarketRetail
P A R T N E R S LLCAREA OVERVIEW
City Information Millington is home to the Memphis International
MARKET OVERVIEW
Raceway as well as the Naval Support Activity Mid-
South and over 8,500 military, civilian, and contract County Shelby
personnel. NSA Mid-South is a U.S. Navy Base and Area in Square Miles 15.6
serves as the Navy’s Human Recources Center of Elevation 262’
Excellence while serving host to several commands
Market Region Memphis
and other military tenants including Navy Personnel
Year Founded 1848
Command, Navy Recruiting Command, the Navy
Latitude/Longitude 35°20'12"N 89°54'8"W
Memphis is located on the southwest corner of Manpower Analysis Center, a Marine reserve
Tennessee along the Mississippi River and within Company- Bridge Company C and the US Army Distance From Memphis 9 miles
Shelby County, the core county of the Memphis Corps of Engineers Finance Center.
metropolitan statistical area. Memphis is now the
2nd largest city in Tennessee, recently surpassed Source: Wikipedia, City of Memphis, Millingtontn.gov
by Nashville, and is the 23rd largest city in America
and the 43rd largest MSA in the nation. Memphis
is known as America’s Aerotropolis because of the
city’s center location and major industries and is
why Logistics and Distribution are the top industry
for the area. Memphis continues to utilize all forms
of transportation including air, rail, road and river
and since 1992 Memphis International Airport has
been the top cargo airport in North America, the 3rd
largest rail center in the nation behind Chicago and
St. Louis and one of the largest ports in the nation.
The Memphis area has six interstate highways with
an additional under construction.
Millington is a city located within Shelby County
and part of the Memphis Metropolitan Area and
is only 9 miles north of Memphis. The Memphis
MSA has approximately 1.2 million people and is
home to FedEx Corporation, AutoZone Corporation,
St. Jude’s Children’s Research Hospital, and much
more.
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P
MarketRetail
A P RA TR NT NE ER R S LLC
S LLCAREA OVERVIEW
Trade Area Facts
MILLINGTON NAVY BASE MILLINGTON’S TRADE AREA CONSISTS OF 102,000 PEOPLE WITH A
ĖŤ ,/+.8##2ŤČďćĂĂŤ6(3'ŤĉĂĂŤ #(-%Ť,(+(3 18Ť -"ŤċĂĂŤ #(-%Ť#-+(23#"Ť,#-Ť -"Ť MEDIAN INCOME LEVEL OF $52,000. CURRENTLY THERE IS SIX SQUARE
women that live on the base. Millington’s Navy Base is the second largest FEET OF RETAIL SPACE PER PERSON IN THIS TRADE AREA AND THE
employer’s in the State of TN. NATIONAL AVERAGE IS 96 SQUARE FOOT OF RETAIL PER PERSON.
ĖŤ ++Ť.1"#12Ť%#-#1 3#"Ť$.1Ť2 (+.12Ť(-Ť3'#ŤŤ 1#Ť%#-#1 3#"Ť.43Ť.$Ť3'(2Ť 2#Ď THERE IS A SIGNIFICANT AMOUNT OF PENT-UP DEMAND FOR RETAIL
ĖŤ '#Ť41# 4Ť.$Ť 5 +Ť#12.--#+Ťij4, -Ť#2.41!#2ĴŤ(2Ť 2#"Ť(-Ť (++(-%3.-Ď WITHIN THE MILLINGTON MARKET PLACE
ĖŤ '#Ť!.,, -"Ť(2Ť5#18ŤĜ3./Ť'# 58ĝŤ6(3'Ť'(%'Ť1 -*(-%Ť.ǭ!#12ĎŤ'#1#Ť 1#ŤćŤ
Admirals and 50 Captains based here. Historical Median Income Change 1990-2000: 62.7% Increase
ĖŤ -8Ť 2#2Ť 1.4-"Ť3'#Ť!.4-318Ť".Ť-.3Ť' 5#Ť -8Ť",(1 +2Ť -"Ť, 8 #Ť 2Ť
many as 2 Captains. These are very high paid positions. OTHER EMPLOYERS IN TRADE AREA WITH AT LEAST 100 EMPLOYEES:
ĖŤ '#Ť .1 +#ďŤ#+$ 1#Ť -"Ť#!1# 3(.-Ť(2Ť -.3'#1Ť!.,, -"Ť+.! 3#"Ť 3Ť3'#Ť ĖŤ -%1 ,Ť (!1.Ť(2Ť Ť, -4$ !341#1Ť -"Ť"(231( 43.1Ť.$Ť!.,/43#1Ť/1."4!32Ť24!'Ť
Mil. Base. This command employs numerous officers that are very well as hard drives and monitors. It is located just south of 385 on Highway 51
compensated govt. service employees who oversee many of the Navy’s and employs 825.
financial matters. ĖŤ 15(-2Ť(-".62Ť.$ŤĒŤ#,/+.82ŤĊĉĂ
ĖŤ '#Ť 58Ť#!14(3(-%Ť!.,, -"Ť -"Ť 58Ť -Ť.6#1Ť- +82(2Ť#-3#1Ť ĖŤ -"42*8Ť (-#32Ť(2Ť Ť! (-#3Ť, -4$ !341#Ť -"Ť(2Ť+.! 3#"Ť.-Ť3'#Ť2.43'#1-Ť
along with the US Army Corps of Engineers Finance Center are also located boundary of Millington just north of 385 and employs 125.
at the Millington Navy Base. ĖŤ -(+#5#1Ť(2Ť Ť, -4$ !341#Ť.$Ť ."8Ť2. /2Ť -"Ť"#3#1%#-32ĎŤ(++Ť%#3ŤōŤ.$Ť
ĖŤ '#Ť --4 +Ť/ 81.++Ť(2ŤŇăąĂŤ,(++(.-Ť6'(!'Ť(2Ť3'#Ť2#!.-"Ť+ 1%#23Ť/ 81.++Ť(-Ť3'#Ť employees.
State of TN. While the LOCAL annual economic benefit is $300M. ĖŤ ' 1,Ť(2Ť Ť"(231( 43.1Ť.$Ť! -"8Ť -"Ť#,/+.82ŤĄċčĎ
ĖŤ '#Ť!411#-3Ť (1Ť231(/Ť 3Ť3'#Ť 2#Ť(2Ť3'#Ťą1"Ť+.-%#23Ť(-Ť3'#Ť23 3#Ť.$ŤŤ -"Ť ĖŤ ., 324Ť,#1(! ĒŤ/ 132Ť"(231( 43(.-Ť -"Ť#,/+.82ŤĄČĉ
they are getting ready to extend the runway by 2,000’ making it the ĖŤ 4# #!.1Ť.1+"Ť, -4$ !341#2Ť % 9(-#2Ť -"Ť#,/+.82ŤąĄĂĎ
longest strip in TN so they can accommodate Federal Expresses largest ĖŤ (#%#+Ť. #132Ť43.,.3(5#ĒŤ/+ 23(!Ť 43.Ť/ 132Ť -"Ť#,/+.82ŤĄĉĂĎ
planes. The strip is currently used by Federal Express. ĖŤ ,#1(! -Ť1##3(-%ĒŤ!.+.1Ť/1(-3(-%Ť -"Ť#,/+.82Ťăăċ
ĖŤ +(,Ť 23ĒŤ$.."Ť/1."4!32Ť -"Ť#,/+.82ŤĄăČĎ
WALMARTS #3 STORE IN THE MSA IS LOCATED IN MILLINGTON AND ĖŤ /3(23Ť #,.1( +Ť.2/(3 +Ť#,/+.82ŤĄĂĂĎ
ACROSS FROM THE SITE ĖŤ #+ǫ#+"Ť.,/ -8Ť, *#2Ť1#$1(%#1 3.12Ť -"Ť#,/+.82ŤăČĉĎ
ĖŤ 4#++#1Ť.//#1Ť(33(-%2ĒŤ 1 22Ť -"Ť!.//#1Ť,(++Ť/1."4!32Ť -"Ť#,/+.82ŤăąċĎ
KROGER’S TOP PERFORMING STORE ON A PER SQUARE FOOT BASIS IS ĖŤ ĎŤĎŤ.-#++8ĒŤ/ /#1Ť -"Ť.ǭ!#Ť/1."4!32Ť -"Ť#,/+.82ŤăăčĎ
LOCATED IN ATOKA (5 MILES FROM THE MILLINGTON SITE ĖŤ 41-#1Ť (1(#2ĒŤ" (18Ť -"Ť(!#Ť!1# ,Ť -"Ť#,/+.82ŤăĂĂĎ
KROGER’S NUMBER ONE GAS STATION ON A GROSS ANNUALIZED BASIS
IS LOCATED IN FRONT OF THEIR STORE IN MILLINGTON
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P
MarketRetail
A P RA TR NT NE ER R S LLC
S LLCAREA OVERVIEW
Millington, TN
Regional Trade Area
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P
MarketRetail
A P RA TR NT NE ER R S LLC
S LLCAREA OVERVIEW
Trade Area Demographics
POPULATION TRADE AREA MEDIAN HOUSEHOLD INCOME TRADE AREA
2000 Population 99,747 2016 Median Household Income $47,825
2010 Population 110,714 2021 Median Household Income $52,426
2016 Population 113,463 2016-2021 Annual Rate 1.85%
2021 Population 115,411 AVERAGE HOUSEHOLD INCOME TRADE AREA
2000-2010 Annual Rate 1.05% 2016 Average Household Income $61,579
2010-2016 Annual Rate 0.39% 2021 Average Household Income $67,193
2016-2021 Annual Rate 0.34% 2016-2021 Annual Rate 1.76%
2016 Male Population 49.9% PER CAPITA INCOME TRADE AREA
2016 Female Population 50.1% 2016 Per Capita Income $22,350
2016 Median Age 38.0 2021 Per Capita Income $24,258
RACE AND ETHNICITY TRADE AREA 2016-2021 Annual Rate 1.65%
2016 White Alone 69.3% HOUSING TRADE AREA
2016 Black Alone 25.6% 2000 Total Housing Units 37,338
2016 American Indian/Alaska Native Alone 0.5% 2000 Owner Occupied Housing Units 25,063
2016 Asian Alone 0.8% 2000 Renter Occupied Housing Units 9,810
2016 Pacific Islander Alone 0.1% 2000 Vacant Housing Units 2,465
2016 Other Race 1.4% 2010 Total Housing Units 42,681
2016 Two or More Races 2.3% 2010 Owner Occupied Housing Units 27,603
2016 Hispanic Origin (Any Race) 3.3% 2010 Renter Occupied Housing Units 11,370
HOUSEHOLDS TRADE AREA 2010 Vacant Housing Units 3,708
2000 Households 34,873 2016 Total Housing Units 43,957
2010 Households 38,973 2016 Owner Occupied Housing Units 26,891
2016 Total Households 39,807 2016 Renter Occupied Housing Units 12,917
2021 Total Households 40,408 2016 Vacant Housing Units 4,150
2000-2010 Annual Rate 1.12% 2021 Total Housing Units 44,937
2010-2016 Annual Rate 0.34% 2021 Owner Occupied Housing Units 27,281
2016-2021 Annual Rate 0.30% 2021 Renter Occupied Housing Units 13,128
2016 Average Household Size 2.74 2021 Vacant Housing Units 4,529
Source: U.S. Census Bureau, Census 2010 Summary
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P
MarketRetail
A P RA TR NT NE ER R S LLC
S LLCAREA OVERVIEW
Demographics
POPULATION 1 MILE 3 MILES 5 MILES MEDIAN HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES
2000 Population 1,469 12,108 23,001 2016 Median Household Income $34,720 $42,467 $50,041
2010 Population 1,561 10,417 22,582 2021 Median Household Income $32,561 $45,098 $54,031
2016 Population 1,566 10,646 23,096 2016-2021 Annual Rate -1.28% 1.21% 1.55%
2021 Population 1,580 10,873 23,559 AVERAGE HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES
2000-2010 Annual Rate 0.61% -1.49% -0.18% 2016 Average Household Income $42,549 $55,379 $61,960
2010-2016 Annual Rate 0.05% 0.35% 0.36% 2021 Average Household Income $43,769 $58,684 $66,904
2016-2021 Annual Rate 0.18% 0.42% 0.40% 2016-2021 Annual Rate 0.57% 1.17% 1.55%
2016 Male Population 46.9% 48.7% 49.2% PER CAPITA INCOME 1 MILE 3 MILES 5 MILES
2016 Female Population 53.1% 51.3% 50.8% 2016 Per Capita Income $18,463 $22,291 $23,518
2016 Median Age 39.5 37.0 38.7 2021 Per Capita Income $18,982 $23,483 $25,273
RACE AND ETHNICITY 1 MILE 3 MILES 5 MILES 2016-2021 Annual Rate 0.56% 1.05% 1.45%
2016 White Alone 57.2% 64.2% 67.8% HOUSING 1 MILE 3 MILES 5 MILES
2016 Black Alone 30.6% 25.4% 23.7% 2000 Total Housing Units 647 4,710 8,739
2016 American Indian/Alaska Native Alone 0.6% 0.6% 0.6% 2000 Owner Occupied Housing Units 321 2,159 5,261
2016 Asian Alone 1.5% 2.4% 1.7% 2000 Renter Occupied Housing Units 283 2,102 2,778
2016 Pacific Islander Alone 0.1% 0.2% 0.1% 2000 Vacant Housing Units 43 449 700
2016 Other Race 6.7% 3.4% 2.7% 2010 Total Housing Units 764 4,526 9,100
2016 Two or More Races 3.3% 3.9% 3.4% 2010 Owner Occupied Housing Units 307 2,087 5,424
2016 Hispanic Origin (Any Race) 9.6% 7.0% 5.7% 2010 Renter Occupied Housing Units 363 1,883 2,820
HOUSEHOLDS 1 MILE 3 MILES 5 MILES 2010 Vacant Housing Units 94 556 856
2000 Households 604 4,262 8,038 2016 Total Housing Units 771 4,654 9,338
2010 Households 670 3,970 8,244 2016 Owner Occupied Housing Units 270 1,942 5,194
2016 Total Households 674 4,063 8,425 2016 Renter Occupied Housing Units 405 2,121 3,231
2021 Total Households 681 4,149 8,584 2016 Vacant Housing Units 97 591 913
2000-2010 Annual Rate 1.04% -0.71% 0.25% 2021 Total Housing Units 780 4,765 9,549
2010-2016 Annual Rate 0.10% 0.37% 0.35% 2021 Owner Occupied Housing Units 275 1,980 5,277
2016-2021 Annual Rate 0.21% 0.42% 0.37% 2021 Renter Occupied Housing Units 407 2,169 3,307
2016 Average Household Size 2.25 2.49 2.66 2021 Vacant Housing Units 99 616 965
Source: U.S. Census Bureau, Census 2010 Summary
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
MarketRetail
P
MarketRetail
A P RA TR NT NE ER R S LLC
S LLCMarketRetail
P A R T N E R S LLC
Kevin Fulton
Managing Partner
Mobile: 615.796.4076
kfulton@marketretailpartners.com
License #: 313966
7003 Chadwick Drive | Suite 208 | Brentwood, TN 37027 | Office: 615.345.4455You can also read
