Former Luby s Restaurant John Nguyen Heather Nguyen 281.477.4300 Building for Sale Price Reduced - $700,000 Leasing Tenant Representation Development Land Brokerage Investment Sales Property Management 8827 W. Sam Houston Parkway N. Suite 200 Houston, Texas 77040
Former Luby s Restaurant Property Description Located on Aspenglenn Drive just off of Highway, this former Luby s building is situated in the heart of the Bear Creek community. W. Little York With close proximity to Highway, this property is positioned along one of the trade area s busiest thoroughfares. This property sits amidst some of West Houston s most established residential on enst Que developments in a solidified retail trade area that serves and supports the surrounding population.. e Pkwy Eldridg Blvd 45. Building size: 12,29 SF Parcel size: 78,325 SF Built in September 1984 Closed in September 2009 Approximately $3,382 per year in taxes Keith Harrow Blvd. Traffic Counts 44,879 cars per day on Highway 105 Source: 2012 TX DOT Counts Demographics SITE Active Population: Average Household Income: 50,789 $7,809 94,545 $80,019 21,335 $89,327 Clay Rd. Residential Count: Area Retailers FM 529 45 10 10 Houston 59 12.52% 30,325 14.28% 85,507 10.87% Source: USPS Postal Count, 12/14 Yo rk Rd. Keith Harrow Blvd. Clay Rd. Pkwy. Greenhouse Rd. 290 W. Lit tl 1,587 N. Eldridge 8 e 59 Que ensto d. n Blv 249 Barker Cypress Rd. 190 Growth Since 2010 Census: Contact 10 Heather Nguyen Patterson Rd. N 281.477.4358 hnguyen@newquest.com
Former Luby s Restaurant Aerial Survey Cairnway Dr. SITE Highway Aspenglenn Dr. Clay Road
Former Luby s Restaurant Delivery Statistics as of 12/14 Postal Count 2000-2010 Census, 2014 Estimates with 2019 Projections Calculated using Proportional Block Groups Summary Demographic Profile 4518 Highway North 2.00 Mi 3.00 Mi 5.00 Mi 4518 Highway North 2.00 Mi 3.00 Mi 5.00 Mi Demographic Adjustment Summary Data Census 2010 Households 14,741 2,537 77,125 Route Active Residential Count 1,587 30,325 85,507 Census 2010 Average Persons per Household 3.0 3.12 3.0 Census 2010 Population 45,13 82,733 235,800 Recalculated Route Lower range 50,773 94,512 21,284 Active Population Upper range 50,789 94,545 21,335 Census Households vs Route Residential Count 12.52% 14.28% 10.87% Population 2014 Estimated Population 47,777 88,299 248,52 2019 Projected Population 51,33 94,87 27,05 2010 Census Population 44,922 83,025 233,721 2000 Census Population 32,250 58,513 144,050 Projected Annual Growth 2014 to 2019 1.5% 1.5% 1.5% Historical Annual Growth 2000 to 2014 3.4% 3.% 5.2% Residential Demographics Origination Data Total Active Residential Count 1,587 30,325 85,507 Active Residential Count 1,587 30,325 85,50 Active Residential Delivery 15,29 29,37 84,003 Active Residential Box 958 958 1,503 Additional Active General Delivery Count - - 1 Total Possible Residential Count 1,79 30,542 8,384 Additional Possible General Delivery Count - - 1 Census 2010 Households 14,741 2,537 77,125 Population in Households 45,122 82,705 235,70 1 Person Household 18.13% 1.95% 18.31% 2 Person Household 27.18% 2.80% 2.82% 3 Person Household 18.95% 18.80% 18.43% 4 Person Household 17.30% 18.24% 18.30% 5 Person Household 10.1% 10.3% 10.20% or More Person Household 8.28% 8.58% 7.94% Population in Group Quarters 14 28 131 Correctional Facilities - Adult - - 0.18% Correctional Facilities - Juvenile - - 0.04% Nursing Facilities - 0.57% 4.02% College/University Student Housing - - - Military Quarters - - - Other Facilities 100.00% 99.43% 35.77% Total Housing Units 15,875 28,189 81,984 Occupied housing units 92.8% 94.14% 94.07% Owner-Occupied Housing Units 7.32% 71.29% 9.94% Renter-Occupied Housing Units 32.8% 28.71% 30.0% Households Population By Race Income Education (Age 25+) 2014 Median Age 32.3 32.3 32.4 2014 Estimated Households 15,3 28,13 81,972 2019 Projected Households 1,889 30,852 88,388 2010 Census Households 14,23 2,712 7,528 2000 Census Households 11,177 19,773 48,805 Projected Annual Growth 2014 to 2019 1.% 1.% 1.% Historical Annual Growth 2000 to 2014 2.9% 3.2% 4.9% 2014 Estimated White 5.% 5.5% 59.1% 2014 Estimated Black or African American 12.8% 13.3% 14.4% 2014 Estimated Asian or Pacific Islander 10.1% 10.1% 9.1% 2014 Estimated American Indian or Native Alaskan 0.% 0.7% 0.% 2014 Estimated Other Races 19.9% 19.4% 1.8% 2014 Estimated Hispanic 4.0% 44.4% 39.8% 2014 Estimated Average Household Income $7,809 $80,019 $89,327 2014 Estimated Median Household Income $7,04 $8,743 $7,042 2014 Estimated Per Capita Income $25,184 $25,933 $29,42 2014 Estimated Elementary (Grade Level 0 to 8) 10.1% 9.1% 7.2% 2014 Estimated Some High School (Grade 9 to 11) 7.9% 8.0% 7.4% 2014 Estimated High School Graduate 27.3% 2.7% 23.9% 2014 Estimated Some College 23.0% 23.7% 23.4% 2014 Estimated Associates Degree Only 5.7% 5.8%.8% 2014 Estimated Bachelors Degree Only 19.0% 19.2% 22.1% 2014 Estimated Graduate Degree 7.0% 7.4% 9.1% Business Demos Drop Site Business or Family Served Count 38 947 2,751 Active Business Deliveries 1,58 2,254,847 Possible Business Deliveries 1,0 2,283 7,13 Active vs Possible Business Deliveries 1.29% 1.29% 4.3% Business 2014 Estimated Total Businesses 974 2,17 7,37 2014 Estimated Total Employees 7,943 22,394 99,49 2014 Estimated Employee Population per Business 8.2 10.3 13.5 2014 Estimated Residential Population per Business 49.0 40. 33.7 2010 Census Block Group Data and Custom Sites USA Geography, (Census 2010 numbers may deviate from Block Group geography based reports). 2010 Census Block Group Data and Custom Sites USA Geography, (Census 2010 numbers may deviate from Block Group geography based reports).
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 Before 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 intermedi - ary between the parties if the parties consent in writing. A broker can assist you in locating a property, prepar - 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 ofbut does not represent the buyer and must place the the owner s agent anything the buyer would not want the owner to know because an owner s agent must dis - close 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 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 par - ties 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 br ker 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 - structs 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 512-45-390. Leasing Tenant Representation Development Land Brokerage Investment Sales Property Management 8827 W. Sam Houston Parkway N. Suite 200 Houston, Texas 77040 The information herein while based on data supplied by sources deemed reliable, is subject to errors or omissions and is not, in any way, warranted by NewQuest Properties or by any agent, independent associate or employee of NewQuest Properties. This information is subject to change without notice. 04/10/2014