Plano, TX LA FITNESS CONFIDENTIAL OFFERING MEMORANDUM - LoopNet
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LA FITNESS Plano, TX CONFIDENTIAL OFFERING MEMORANDUM
Confidentialit y Agreement Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
Brokerage S er vices TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage acƟviƟes, 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 informaƟon about the property or transacƟon received by the broker; Answer the client’s quesƟons and present any offer to or counter- offer from the client; and Treat all parƟes to a real estate transacƟon 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 wriƩen lisƟng to sell or property management agreement. An owner’s agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon 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 wriƩen representaƟon agreement. A buyer’s agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligaƟons as an intermediary. A broker who acts as an intermediary:Must treat all parƟes to the transacƟon imparƟally and fairly; May, with the parƟes’ wriƩen 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 instrucƟons of each party to the transacƟon. Must not, unless specifically authorized in wriƟng to do so by the party, disclose: that the owner will accept a price less than the wriƩen asking price; ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; and ᴑany confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not todisclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon 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 duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)
TABLE OF CONTENTS
6 INVESTMENT OVERVIEW
I nvestment Su mma r y
I nvestment H i gh l i ghts
Lea se Su mma r y
Ann u a l i zed Operati n g Dat a
8 PROPERTY OVERVIEW
Pro per t y D eta i l s
Pro per t y Ph o to s
S ite Pl a n
L A Fi tn ess Ten a nt S u mmar y
Top 100 Hea l th Cl u bs - 2015 R ank ings
13 LO C AT I O N O V E R V I E W
Lo cati o n M a ps
Lo cati o n S u mma r y
D emo gra ph i c Su mma r y
D emo gra ph i c An a l ysi s
INVESTMENT OVERVIEW PROPERTY OVERVIEW LOCATION OVERVIEW
// Investment Summary // Investment Highlights
Marcus & Millichap is pleased to present this rare opportunity to Strong Corporate Lease - #1 Revenue Generating Health Club
purchase a fee-simple LA Fitness located in the high growth Company in the Industry (Non-Franchised) with 670+ Locations
submarket of Plano, Texas just outside of Dallas. The offering in US and Canada
is a freestanding 45,000 - square foot state-of-the-art facility Seasoned Location – Prototype LA Fitness Facility Open Since
constructed in 2005 sitting on 5.15 acres offering an abundant 2005 with Established Membership Base
amount of parking. This strategic location in one of the busiest
retail hubs in Plano experiences unmatched access and visibility Excellent Freeway Visibility – Exposure to over 148,000 vehicles
from President George W Bush Highway with traffic counts per day on President George W. Bush Highway
exceeding 148,000 Vehicles Per Day. This dominant retail corridor Strong Demographics - Location has a 337,655 + Population
is home to Sams Club, Central Market, and Walmart as well as Within a 5-Mile Radius - Median Household Income is $65,721
numerous national retailers.
Retail Synergy – Adjacent to Walmart, Sam’s Club, Central
Plano, the largest city in Collin County, located in its southern Market, and many more national retailers.
portion; boasts a thriving economy, award-winning schools,
outstanding libraries, spacious parkland, internationally recognized
and accredited police and fire departments, easy access to four
airports and a municipal government willing to partner with
business for success.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
6 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)
INVESTMENT OVERVIEW PROPERTY OVERVIEW LOCATION OVERVIEW
// Annualized Operating Data
Property Name LA FITNESS
3701 W. President George W. Bush, BASE RENT MONTHLY RENT ANNUAL RENT
Property Address
Plano, TX 75075 CURRENT - 4/30/2021 $82,988 $995,859
Price $12,071,000 OPTION 1 $91,287 $1,095,444
Cap Rate 8.25% OPTION 2 $100,415 $1,204,988
Price PSF $268.24 OPTION 3 $110,457 $1,325,486
NOI $995,859 BASE RENT ($22.13/SF) $995,859
Gross Leasable Area (GLA) 45,000 SF NET OPERATING INCOME $995,859
Year Built 2005
Rental increases above assume the maximum 10% increase.
Lot Size 5.15 Acres
Fee-Simple
Type of Ownership
(Land & Building)
// Lease Summary
Lease Type NNN
Lease Guarantor Corporate Guarantee
Lease Commencement Date 4/22/2005
Lease Expiration Date 4/30/2021
Term Remaining on Lease 4+ Years
Options (3) 5-year
Increases 10% or CPI Every 5 Years
Representative Photo
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
7 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)
INVESTMENT SUMMARY PROPERTY OVERVIEW LOCATION OVERVIEW
// Property Details
3701 W. President George W. Bush HWY,
A DDRESS Plano, TX, 75075
The Offering is Located Just Off of W. President
LOC ATION George W. Bush HWY
L A ND AR EA The Parcel Includes 5.15 Acres
RE NTABLE The Offering Consists of 42,000 Rentable SF with a
SQ UA R E FEET 3,000 SF Mezzanine
148,000 vehicles per day on President George Bush
TRA F FIC COUNTS HWY
Y EA R BUILT 2005
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
8 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)
INVESTMENT SUMMARY PROPERTY OVERVIEW LOCATION OVERVIEW
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
9 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)
INVESTMENT SUMMARY PROPERTY OVERVIEW LOCATION OVERVIEW
// Competition Map
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
10 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)INVESTMENT SUMMARY PROPERTY OVERVIEW LOCATION OVERVIEW
// LA Fitness Tenant Summary
Founded in 1984 and based in Irvine, California. Fitness Journal ranks it as Orange County’s 12th largest private company
International, LLC (LA Fitness) is the largest non-franchised estimating its revenue at $1.85 billion.
fitness club operator in the United States. As of June 30, 2015, the
LA Fitness occupies large boxes with the average club measuring
company operated over 650 fitness clubs in 29 states across the
35,000-45,000 square feet. The company adheres to a disciplined
US, and 24 Clubs in Canada. LA Fitness has a highly experienced
site selection process. The site selection requirements are similar to
management team, which includes the original founders who both
those of grocers, as it prefers locations on main thoroughfares that
actively manage and maintain controlling ownership interests in
people pass every day on their way to and from work and are in close
the company.
proximity to residential areas. New club development is led by a team
In 2012, the company surpassed 24-Hour Fitness and captured of experienced shopping center professionals who have capitalized
the #1 spot on the Club Industry’s Top 100 List by Revenue as on the recent recognition of Health Clubs as viable traffic generating
estimated by the publication. The Orange County Business anchor tenants for shopping centers.
LA Fitness
Tenant Name
(Fitness International, LLC)
Ownership Private
No. 1 Revenue Generating Chain As Estimated by Club Industry
Estimated Revenue $1.85 Billion
No. of Locations 670+
Headquartered Irvine, CA
Year Founded 1984
Web Site www.lafitness.com
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
11 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)INVESTMENT SUMMARY PROPERTY OVERVIEW LOCATION OVERVIEW
THE TOP 100 HEALTH CLUBS OF 2016 Revenue # Clubs to Household/
2015 # Sites # of States # Single
Change # Memberships Acquire/ Family
Rank Company Revenue Founded in Operate In Employees Membership Profile
from in 2015 Build in Membership
(Millions) 20152 2015 in 2015 Dues Price
20141 2016 Dues Price
LA Fitness
1 Irvine, CA
www.lafitness.com
1,912* NA 1984 675 27 NA NA NA NA NA Multi-purpose clubs
24 Hour Fitness USA Health club company, serving nearly four
2 San Ramon, CA
www.24hourfitness.com
1,418* NA 1983 441 17 NA 3,800,000 NA NA NA million members in nearly 450 clubs across
the United States
Life Time Fitness
3 Chanhassen, MN 1,354** 5%** 1992 110 26 NA NA NA NA NA
Fitness, family recreation and spa destination
multi-purpose clubs
www.lifetimefitness.com
A membership-based leisure business and
ClubCorp
4 Dallas, TX 1,100 19% 1957
207 (O),
10 (M)
26 18,000 183,000 NA NA NA
owner-operator of private golf and country
clubs and business, sports and alumni clubs
www.clubcorp.com
in North America
In addition to Equinox, brands include Blink,
Equinox
5 New York, NY 1,070* NA 1991 79 7 10,000 NA NA NA NA
Pure Yoga, SoulCycle & Futhermore, making
130 locations within every major city across the
www.equinox.com
country in addition to London & Toronto
Town Sports International
Fitness-only clubs average 20,000 square
Holdings Inc. 152 (O),
6 New York, NY
424.32 -6.5% 1973
9 (M)
8 7,500 541,000 1 $50.00 NA feet, and multi-recreational clubs average
38,000 square feet
www.mysportsclub.com
Planet Fitness
58 (O),
7 Newington, NH
www.planetfitness.com
330.50 18% 1992
1,066 (F)
47 936 7,300,000 NA $10.00 $19.99 Low-cost, judgment-free gym
The Bay Club Co. Operator of the modernized country club with
23 (O),
8 San Francisco, CA
www.bayclubs.com
219.33 35% 1977
2 (M)
1 3,425 58,660 3 $200.00 $450.00 four quadrants of balanced service: fitness,
family, sports and hospitality
Capital Fitness Inc.
dba XSport Fitness Operates 50,000-square-foot multipurpose
9 Big Rock, IL
193.00 1% 1997 36 3 3,400 345,000 4 $9.95 $9.95
centers and express model fitness clubs
www.xsportfitness.com
Crunch 50 (O), Club company that makes serious exercise
New York, NY 161.00 11% 1989 99 (F), 18 2,622 740,000 4 $80.00 NA fun by fusing fitness and entertainment and
10 www.crunch.com 4 (L) pioneering a philosophy of No Judgments
EXOS A leader in health and performance for
11 Phoenix, AZ
www.teamexos.com
129.49 134% 1999 285 40 2,942 260,111 13 NA NA elite athletes, the military and innovative
companies worldwide
KEY: *= Revenue derived from various financial & industry sources. **= Estimated 5% increase. ***= Estimated 3% increase. **** = No estimated increase. NA = Not available. (O) = Owned/Leased, (M) = Managed, (F) = Franchised, (L) = Licensed
1 = Increases may reflect revenue growth through acquisition or new club openings. 2 = When not designated otherwise, all sites are owned/leased
PAGE 1 OF 9
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
12 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)INVESTMENT SUMMARY PROPERTY OVERVIEW LOCATION OVERVIEW
// Location Map
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
13 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)INVESTMENT SUMMARY PROPERTY OVERVIEW LOCATION OVERVIEW
// Location Maps
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
14 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)INVESTMENT SUMMARY PROPERTY OVERVIEW LOCATION OVERVIEW
Dallas/Fort Worth, TX
TheDallas/FortWorthMetroplexisthefourth-largestmetrointhenationandiscomposedof12counties,withanaggregate
ofmorethan6.9millionresidents.Populationgrowthintheregionwastremendousduringthepastdecade,outpacingmost
U.S. metros. The population of the Metroplex is forecast to expand 1.6 percent per year through 2020.
Market Highlights
• Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro.
• The Metroplex is home to 21 Fortune 500 companies and many regional headquarters.
• The annual median household income in Dallas/FortWorth, at $61,600, is well above the U.S. median of $56,100.
Geography
CentrallylocatedinthesouthernportionoftheUnitedStates,Dallas/FortWorthisoneofthelargestmetrosinthenation,
stretchingacross9,300squaremiles innorthernTexas.TheeasternportionoftheMetroplexissituatedintheBlackland
Prairie region, so named for its fertile black soil.This area contains streams, creeks, rivers and manufactured lakes.The
westernportionoftheMetroplexfallswithintheFortWorthPrairie.Muchofthisformerranchlandsitsatopanaturaloilfield
and the Barnett Shale geological formation.
Infrastructure
Theregion’stransportationnetworkiscontinuallyevolving.Toimprovetrafficflow,freewaysarebeingexpandedandmiles
are being added to tollways and turnpikes. Six projects totalling $1 billion will be underway by mid 2017.
DallasAreaRapidTransitoperatesbusesandan85-milelight-railsystemthatserveDallasandsurroundingcities.Trinity
Railway Express is a commuter rail that connects Dallas, Fort Worth and the Dallas/Fort Worth International Airport.
ThebusinesscommunityhaseasyaccesstomajorcommercialcentersaroundtheglobeviatheDallas/FortWorthInterna-
tionalAirport,hometoAmericanAirlines,andSouthwestAirlinesoperatesfromDallasLoveField.TheMetroplex’sstrategic
locationonInterstate35andtheNAFTASuperhighway,itshometoBNSFHeadquarters,intermodalfacilitiesandtheInter-
national Inland Port of Dallas ensure its status as a national distribution hub for years to come.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
15 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)INVESTMENT SUMMARY PROPERTY OVERVIEW LOCATION OVERVIEW
Quality Of Life
TheMetroplexprovidesresidentswithanunparalleledlifestyleatareasonablecost.Theregioncontinuallyrankshighfor
itsaffordabilitywhencomparedwithotherlargemetros.Atemperateclimateprovidesampleopportunitiesforsportsenthu-
siaststoenjoytheoutdoors.Theregionhas150publicandprivategolfcourses,alongwithseveralreservoirs.Dallas/Fort
Worth hosts professional teams in baseball, football, hockey and basketball.
Dallas/FortWorthisnotonlyrecognizedforitssportsteams’accomplishments,butalsoforitsculturalinstitutions.There
aremorethan150museumsandartgalleries,includingtheinternationallyrenownedKimbellArtMuseum,PerotScience
Museum and Modern Art Museum of Fort Worth.
Metroplexresidentsareproximatetonationallyrecognizedhealthcenters:ParklandMemorialHospital,BaylorUniversity
MedicalCenterandTexasHealthHarrisMethodistHospitalFortWorth.FourmedicalschoolsalsocontributetoDallas/Fort
Worth’s excellent healthcare providers.
Dallas/Fort Worth, TX
Airports
• Dallas/Fort Worth International Airport Major Private Sector Employers
• Dallas Love Field Airport
• Fort Worth Alliance Airport
Wal-Mart
• Thirteen Smaller Airports
Major Roadways American Airlines
• Interstates 20, 30, 35, 45, 635 and 820
Texas Health Resources
Rail
• Freight - Union Pacific, BNSF, Kansas City Southern Baylor Health Care System
• Passenger - Trinity Railway Express, Amtrak
JPMorgan Chase
Port:
• The International Inland Port of Dallas Lockheed Martin
The Memphis Metro is:
Texas Instruments
• 200 miles from Austin
• 230 miles from Houston Bank of America
• 880 miles from Denver
HCA North Texas Division
• 925 miles from Chicago
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
16 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)INVESTMENT SUMMARY PROPERTY OVERVIEW LOCATION OVERVIEW
// Demographic Summary
Population
In 2014, the population in your selected geography is
337,655. The population has changed by 6.65% since
2000. It is estimated that the population in your area will Race and Ethnicity
be 344,386 five years from now, which represents a change The current year racial makeup of your selected area is
of 1.99% from the current year. The current population is as follows: 67.73% White, 10.12% Black, 0.06% Native
49.23% male and 50.76% female. The median age of the American and 10.15%Asian/Pacific Islander. Compare
population in your area is 36.5, compare this to the Entire these to Entire US averages which are: 71.60% White,
US average which is 37.3. The population density in your 12.70% Black, 0.18% Native American and 5.02%
area is 4,299.49 people per square mile. Asian/Pacific Islander
Households People of Hispanic origin are counted independently of
race. People of Hispanic origin make up 20.46% of the
There are currently 145,462 households in your selected
current year population in your selected area. Compare
geography. The number of households has changed
this to the Entire US average of 17.13%..
by 9.14% since 2000. It is estimated that the number of
households in your area will be 149,740 five years from now,
which represents a change of 2.94% from the current year. Housing
The average household size in your area is 2.30 persons. In 2000, there were 68,069 owner occupied housing
units in your area and there were 65,207 renter
Income occupied housing units in your area. The median rent
In 2014, the median household income for your selected at the time was $700.
geography is $65,720, compare this to the Entire US
Employment
average which is currently $51,972. The median household
income for your area has changed by 7.59% since 2000. In 2014, there are 244,527 employees in your selected
It is estimated that the median household income in your area, this is also known as the daytime population. The
area will be $78,482 five years from now, which represents a 2000 Census revealed that 79.94% of employees are
change of 19.41% from the current year. employed in white-collar occupations in this geography,
and 20.08% are employed in blue-collar occupations.
In 2014, unemployment in this area is 5.72%. In 2000,
The current year per capita income in your area is $43,967, the average time traveled to work was 25.0 minutes.
compare this to the Entire US average, which is $28,599.
The current year average household income in your area is
$101,900, compare this to the Entire US average which is
$74,533.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
17 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)INVESTMENT SUMMARY PROPERTY OVERVIEW LOCATION OVERVIEW
// Demographic Analysis 1 Mile 3 Miles 5 Miles
2010 Population 7,651 109,979 319,031
2014 Population 9,602 116,614 337,655
2019 Population 9,844 118,967 344,386
2000 Households 2,320 45,575 133,278
2010 Households 3,725 47,569 136,868
2014 Households 4,547 50,446 145,462
2019 Households 4,706 51,854 149,740
2014 Average Household Size 2.05 2.29 2.31
2014 Daytime Population 7,200 68,665 244,527
2000 Owner Occupied Housing Units 20.33% 59.82% 48.47%
2000 Renter Occupied Housing Units 75.09% 36.90% 46.43%
2000 Vacant 4.58% 3.28% 5.11%
2014 Owner Occupied Housing Units 12.93% 59.14% 49.89%
2014 Renter Occupied Housing Units 87.07% 40.86% 50.11%
2014 Vacant 7.18% 2.31% 3.36%
2019 Owner Occupied Housing Units 14.78% 59.12% 49.51%
2019 Renter Occupied Housing Units 85.22% 40.88% 50.49%
2019 Vacant 8.18% 2.51% 3.40%
$ 0 - $14,999 24.0% 9.3% 8.2%
$ 15,000 - $24,999 12.0% 7.3% 7.9%
$ 25,000 - $34,999 10.6% 8.1% 9.5%
$ 35,000 - $49,999 14.4% 10.9% 13.1%
$ 50,000 - $74,999 11.2% 14.6% 16.7%
$ 75,000 - $99,999 7.3% 12.6% 12.3%
$100,000 - $124,999 8.1% 11.9% 10.2%
$125,000 - $149,999 3.0% 8.0% 6.2%
$150,000 - $199,999 5.8% 7.8% 6.7%
$200,000 - $249,999 1.6% 4.0% 3.5%
$250,000 + 2.0% 5.7% 5.8%
2014 Median Household Income $37,889 $74,703 $65,721
2014 Per Capita Income $30,391 $45,910 $43,967
2014 Average Household Income $63,234 $105,883 $101,901
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.
18 References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved. ACT ID (Y0070038)MARK THIEL VICE PRESIDENT INVESTMENTS E | M A R K . T H I E L @ M A R C U S M I L L I C H A P. CO M T |85 8 .3 7 3 . 3206 C A L I C E N S E # 014693 42 MARK RUBLE FIRST VICE PRESIDENT INVESTMENTS E | M A R K . R U B L E @ M A R C U S M I L L I C H A P. CO M T |60 2 .6 8 7 . 6766 JAMIE MEDRESS SENIOR VICE PRESIDENT INVESTMENTS E | J A M I E . M E D R E S S @ M A R C U S M I L L I C H A P. CO M T |60 2 .6 8 7 . 6778 JESSICA SHEVEL INVESTMENT ADVISOR E | J E S S I C A . S H E V E L @ M A R C U S M I L L I C H A P. CO M T |85 8 .3 7 3 . 3161 C A L I C E N S E # 019829 68 T I M OT H Y S P E C K B R O K E R O F R E CO R D T |97 2 .7 5 5 . 5200 T X L I C E N S E # 432723
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