GROUND LEASE AND BUILD-TO-SUIT RETAIL IN BUSY TRADE AREA HEIGHTS PLAZA NEC SAN PEDRO AND ALAMEDA, ALBUQUERQUE, NEW MEXICO

Transcription

1 GROUND LEASE AND BUILD-TO-SUIT RETAIL IN BUSY TRADE AREA NEC SAN PEDRO AND ALAMEDA, ALBUQUERQUE, NEW MEXICO Conceptual - Heights Plaza CONTACT US JIM DOUNTAS LIA ARMSTRONG, CCIM First Vice President jim.dountas@cbre.com First Vice President lia.armstrong@cbre.com

2 a 250 Multifamily development under construction Heights Plaza is a new upscale retail center directly adjacent to MARKANA Apartments, a 250-unit Class A multifamily development currently under construction. The retail center will feature high-end façades and finishes and cater to the surrounding demographic that includes some of the highest household incomes and best schools in the City. AVAILABLE + + 5± Acres available for ground lease or build-to-suit FEATURES + + Located at a signalized intersection + + Directly adjacent to a multifamily development with 250 units currently under construction + + In close proximity to Interstate 25 Conceptual - Heights Plaza + + In a busy trade area with many surrounding national tenants ,276 population in a 3 mile radius + + High average household income - $85,872 in a 3 mile radius zip code was ranked #1 wealthiest zip code in Albuquerque - Albuquerque Business First

3 Site adjacent to one of the wealthiest zip code in the City HEIGHTS PLAZA 250-Unit Under Construction ALBUQUERQUE FAR NORTHEAST HEIGHTS Average HH Income: $149,515 Average Net Worth: $1,986,291 Source: Albuquerque Business First La Cueva High School

4 SUBMARKET DEMOGRAPHICS $132,374 Average Household Income. Highest Avg HH Income in the City 19,000+ households 46,900+ estimated population 62.9% population have a Bachelor s Degree or higher Top Ranked public and private schools in the City Source: ESRI 2017 I-25 SUBMARKET DEMOGRAPHICS $63,000+ Average Household Income 33,000+ households 72,900+ estimated population Source: ESRI 2017

5 CONCEPTUAL SITE PLAN A SAN PEDRO DR 5,100 VPD 8,600 VPD

6 CONCEPTUAL SITE PLAN A Heights Plaza 250 Multifamily development- under construction

7 CONCEPTUAL SITE PLAN B SAN PEDRO DR 5,100 VPD 8,600 VPD

8 CONCEPTUAL SITE PLAN B Heights Plaza 250 Multifamily development- under construction

9 2016 CBRE Limited. Data TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the Information ) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as CBRE ). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID:P07 MapId: DEMOGRAPHICS OGRAPHIC DEMOGRAPHIC BRIEF BRIEF POPULATION POPULATION 1 Mile 3 Miles 1 5 Miles 3 5 Miles ulation - Current 2016 Year Population Estimate - Current Year Estimate 7,719 51,276 7, ,399 51, ,399 ulation - Five Year 2021 Projection Population - Five Year Projection 7,739 52,003 7, ,106 52, ,106 ulation - Census2010 Population - Census 7,694 50,206 7, ,122 50, ,122 ulation - Census2000 Population - Census 4,582 42,446 4, ,329 42, ,329 6 Annual Population Growth Annual Rate Population Growth Rate 0.05% 0.34% 0.05% 0.25% 0.34% 0.25% 1 Annual Population Growth Annual Rate Population Growth Rate 0.05% 0.28% 0.05% 0.23% 0.28% 0.23% HOUSEHOLDS HOUSEHOLDS seholds - Current 2016 Year Households Estimate - Current Year Estimate 2,964 21,188 2,964 64,791 21,188 64,791 seholds - Five Year 2021 Projection Households - Five Year Projection 2,968 21,430 2,968 65,379 21,430 65,379 seholds - Census 2010 Households - Census 2,969 20,841 2,969 64,053 20,841 64,053 seholds - Census 2000 Households - Census 1,756 16,518 1,756 55,393 16,518 55,393 6 Annual Household Growth Annual Rate Household Growth Rate -0.03% 0.26% -0.03% 0.18% 0.26% 0.18% 1 Annual Household Growth Annual Rate Household Growth Rate 0.03% 0.23% 0.03% 0.18% 0.23% 0.18% rage Household 2016 Size Average Household Size HOUSEHOLD INCOME HOUSEHOLD INCOME rage Household 2016 Income Average Household Income $85,166 $85,872 $85,166 $80,916 $85,872 $80,916 rage Household 2021 Income Average Household Income $91,956 $92,038 $91,956 $86,661 $92,038 $86,661 dian Household Income 2016 Median Household Income $62,478 $63,876 $62,478 $55,244 $63,876 $55,244 dian Household Income 2021 Median Household Income $68,707 $69,141 $68,707 $59,130 $69,141 $59,130 Capita Income 2016 Per Capita Income $32,829 $35,508 $32,829 $35,604 $35,508 $35,604 Capita Income 2021 Per Capita Income $35,392 $37,948 $35,392 $38,029 $37,948 $38,029 HOUSING UNITS HOUSING UNITS using Units 2016 Housing Units 3, ,288 3, ,137 22,288 69,137 ant Housing Units 2016 Vacant Housing Units % 1, % 5.6% 4,346 1, % 4.9% 4, % upied Housing Units 2016 Occupied Housing Units 2, % 21,187 2, % 94.4% 64,791 21, % 95.1% 64, % ner Occupied Housing 2016 Owner Units Occupied Housing Units 2, % 15,569 2, % 67.0% 38,909 15, % 69.9% 38, % ter Occupied Housing 2016 Renter Units Occupied Housing Units % 5, % 27.5% 25,882 5, % 25.2% 25, % EDUCATION EDUCATION pulation 25 and 2016 Over Population 25 and Over 5, ,5875, ,851 36, ,851 CONTACT US ssociates Degrees HS and Associates Degrees 2, % 17,901 2, % 47.6% 53,867 17, % 48.9% 53, % JIM DOUNTAS s Degree or Higher Bachelor's Degree or Higher 2, % 16,013 2, % 42.5% 44,852 16, % 43.8% 44, % PLACE OF WORK PLACE OF WORK inesses 2016 Businesses 546 3, ,041 3,497 9,041 ployees 2016 Employees 8,995 53,216 8, ,709 53, ,709 Source: Neilsen First Vice President jim.dountas@cbre.com 5 Mile 3 Mile 1 Mile LIA ARMSTRONG, CCIM First Vice President lia.armstrong@cbre.com. This information has been 2016 obtained CBRE. from This sources information believed has reliable. been obtained We have from not verified sources it believed and make reliable. no guarantee, We have warranty not verified or representation it and make no about guarantee, it. Any warranty projections, or representation opinions, assumptions about it. Any or estimates projections, used opinions, are for assumptions or estimates used are for and do not represent the current example or only future and performance do not represent of the the property. current You or future and your performance advisors should of the property. conduct a You careful, and your independent advisors investigation should conduct of the a careful, property independent to determine investigation to your satisfaction of the property the suitability to determine of the property to your satisfaction the suitability of the property. Source: Esri Page 1 ProjectID: for your needs. Source: Esri Page 1 ProjectID: CBRE 6100 Uptown Blvd. NE Suite 300 Albuquerque, New Mexico t f CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Update 12/2016