SEC OF IH-35 & FM 725 NEW BRAUNFELS, TX 78130 PRICE ONKEN / JOE CUKJATI
TABLE OF CONTENTS SECTION I EXECUTIVE SUMMARY SECTION II MAPS SECTION III AERIALS SECTION IV SITE PLAN SECTION V RENDERINGS SECTION VI ARTICLE SECTION VII DEMOGRAPHICS SECTION VIII AGENCY DISCLOSURE The information contained was obtained from sources believed reliable, however, REATA Real Estate Services, LP, makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this project is submitted subject to the errors, omissions and change of price or conditions prior to lease or withdrawal. REATA REAL ESTATE SERVICES, LP
EXECUTIVE SUMMARY LOCATION Courtyard Plaza is located at the SEC of FM 725 and IH-35 in New Braunfels, TX. Former Hobby Lobby anchor space is now available. TENANTS SIZE AVAILABLE RENTAL RATE New Braunfels has experienced tremendous population growth (58% in the past eight years) due to its location in the heart of the Austin to San Antonio corridor on I-35. Big Lots, Bealls, Harbor Freight Tools, Burkes Outlet and WellMed 1,010 SF 7,565 SF Former Hobby Lobby 20,280 SF anchor space Please contact Brokers for pricing. TRIPLE NET CHARGES CAM $1.22 PSF Insurance $0.46 PSF Taxes $0.81 PSF TOTAL $2.49 PSF FINISH OUT ALLOWANCE TRAFFIC COUNTS (2010) Negotiable IH 35, S of FM 725 129,195 CPD IH 35, N of FM 725 120,722 CPD FM 725 22,855 CPD DEMOGRAPHICS 1 Mile 3 Miles 5 Miles 2022 Projected Population 10,394 70,229 95,858 2017 Estimated Population 8,398 57,962 79,323 Projected Growth 2017 2022 4.8% 4.2% 4.2% Average Household Income $65,721 $71,335 $76,062 CONTACT PRICE ONKEN PARTNER 210.841.3243 ponken@reatares.com JOE CUKJATI ASSOCIATE 210.841.3227 jcukjati@reatares.com SECTION I
MAPS SECTION II
AERIALS 337 NEW BRAUNFELS TOWN CENTER 337 46 337 46 NEW BRAUNFELS SQUARE 46 NEW BRAUNFELS MARKET PLACE 46 46 PD 2C,72 120 KNOX ELLIOT- INTERSTATE PLAZA CPD 22,855 PD C,195 129 BLVD 46 FM 725 SECTION III
AERIALS 22,855 CPD 725 129,195 CPD SECTION III
AERIALS 22,855 CPD 725 129,195 CPD SECTION III
SITE PLAN 1,700 SF Available 3,055 SF Available 1,010 SF Available 20,280 SF Available 2,574 SF Available vacant shell space AT LEASE 161 159 157 SUITE TENANT SF SUITE TENANT SF SUITE TENANT SF SUITE TENANT SF SUITE TENANT SF 101 TEXAS STATE OPTICAL 1,800 111A PALETERIA LA REINA 1,225 131 AVAILABLE 2,565 151 AVAILABLE 2,574 167B AVAILABLE 3,055 103 CHINA KITCHEN 2,900 111B RITAS GRANARY 1,875 133 GUADALAJARA MEAT MARKET 5,247 153 KÜHL RIVER DAY SPA 3,160 169 WELLMED 6,300 105 TAQUERIA GUADALAJARA 3,000 113 DONUT PALACE 1,020 137 ZA FURNITURE PLUS 2,291 157 DD S AT LEASE DISCOUNTS - AT LEASE 20,000 173 AVAILABLE 1,700 105C METRO PCS 1,080 115 ACE CASH EXPRESS 1,800 139 BIG LOTS 30,000 159 BURKES OUTLET 20,000 181 SAN MARCOS DRIVING SCHOOL 1,080 106A WEIDNERS FLOWERS 2,160 117 K&B LIQUORS 2,272 141 DOLLAR TREE 8,690 161 AVAILABLE 20,280 183 ALAMO WORKFORCE SOLUTIONS 5,640 107 BEAUTY PLEX 1,200 119 L.A. INSURANCE 1,731 145 VACANT SHELL SPACE 3,940 163 DP NAILS 757 185 ARBY S 109 EXPRESS PERSONNEL 2,500 121 CICI S PIZZA 4,032 147 HARBOR FREIGHT TOOLS 15,260 165 AVAILABLE 1,010 161 LONG JOHN SILVERS / A&W 111 LOS CRISTALES 1,315 123 SAN ANTHONY JEWELRY 1,756 149 CRICKET WIRELESS 1,716 167A AVAILABLE 3,500 SECTION IV
RENDERINGS SECTION V
ARTICLE THE 11 FASTEST-GROWING CITIES IN AMERICA BY CATEY HILL, STAFF WRITER MARKETWATCH.COM MAY 19, 2016 These cities may be the hottest places to move for many Americans but unless you live nearby, you ve probably never heard of them. On Thursday, the Census Bureau released its list of the most rapidly growing cities in America from 2014 to 2015 and Texas cities dominated the list. Of the 11 fastest-growing cities in America with populations of at least 50,000, five were in the Lone Star State. (Incidentally, five of the eight cities that added the most people in sheer numbers were also in Texas, including Houston, San Antonio, Dallas, Fort Worth and Austin.) Topping the list of fastest-growing cities was Georgetown, Texas a city of roughly 63,000 residents, up 7.8% from a year prior that is 30 minutes from Austin and known for its Victorian architecture. No. 2 on the list is historic New Braunfels, Texas, near San Antonio, which saw its population jump 6.6% to more than 70,500 residents. It s not just that people are moving from one Texas city to another; rather, they re moving from other states to Texas. Last year, nearly half a million people moved to Texas, according to Census Bureau data released in March. What s more, the four largest metro areas in the state Houston, Dallas, Austin and San Antonio together added more people last year than any state in the country except for Texas as a whole, the Census Bureau notes. Among the reasons that Texas is such a popular place to move is that it has myriad affordable housing and living options and good jobs, says Joel Kotkin, author of The Human City: Urbanism for the Rest of Us and the executive director of the Houston-based think tank Center for Opportunity Urbanism. Middle-wage employees can live a middle-class life here, he says. (Of course, Texas has its downsides too including hot weather temperatures can hit 100 degrees Fahrenheit in summer and in many of the larger cities like Houston and Dallas, tons of traffic.) Some non-texas cities that were among the fastest-growing include Ankeny, Iowa (its population jumped 6.5%) near Des Moines and South Jordan, Utah (up 6%) near Salt Lake City. Ankeny was the only city among the 15 fastest-growing cities that was not in the South or West both regions that tend to attract people for their nice weather and sometimes lower cost of living. SECTION VI
DEMOGRAPHICS Courtyard Plaza 147 S Interstate Hwy 35, New Braunfels, TX 78130 1 mi radius 3 mi radius 5 mi radius POPULATION HOUSEHOLDS AGE MARITAL STATUS & GENDER INCOME 2017 Estimated Population 8,398 57,962 79,323 2022 Projected Population 10,394 70,229 95,858 2010 Census Population 8,061 48,676 62,628 2000 Census Population 7,693 36,528 45,426 Projected Annual Growth 2017 to 2022 4.8% 4.2% 4.2% Historical Annual Growth 2000 to 2017 0.5% 3.5% 4.4% 2017 Estimated Households 3,249 21,259 28,921 2022 Projected Households 3,761 24,386 33,080 2010 Census Households 3,108 17,966 23,013 2000 Census Households 2,882 13,405 16,525 Projected Annual Growth 2017 to 2022 3.2% 2.9% 2.9% Historical Annual Growth 2000 to 2017 0.7% 3.4% 4.4% 2017 Est. Population Under 10 Years 13.6% 13.5% 13.5% 2017 Est. Population 10 to 19 Years 12.6% 13.3% 13.5% 2017 Est. Population 20 to 29 Years 15.3% 14.3% 13.9% 2017 Est. Population 30 to 44 Years 18.3% 20.1% 19.7% 2017 Est. Population 45 to 59 Years 17.4% 17.0% 17.7% 2017 Est. Population 60 to 74 Years 13.7% 13.8% 14.0% 2017 Est. Population 75 Years or Over 9.0% 8.0% 7.6% 2017 Est. Median Age 36.0 36.2 36.5 2017 Est. Male Population 48.4% 48.7% 48.9% 2017 Est. Female Population 51.6% 51.3% 51.1% 2017 Est. Never Married 28.2% 27.8% 27.3% 2017 Est. Now Married 42.0% 48.5% 50.8% 2017 Est. Separated or Divorced 24.9% 18.4% 16.8% 2017 Est. Widowed 5.0% 5.3% 5.1% 2017 Est. HH Income $200,000 or More 1.8% 2.8% 3.9% 2017 Est. HH Income $150,000 to $199,999 4.0% 4.4% 5.2% 2017 Est. HH Income $100,000 to $149,999 12.2% 13.6% 14.1% 2017 Est. HH Income $75,000 to $99,999 16.2% 16.6% 17.4% 2017 Est. HH Income $50,000 to $74,999 20.9% 22.2% 21.8% 2017 Est. HH Income $35,000 to $49,999 13.8% 14.2% 14.0% 2017 Est. HH Income $25,000 to $34,999 13.1% 11.3% 10.2% 2017 Est. HH Income $15,000 to $24,999 10.5% 8.7% 7.7% 2017 Est. HH Income Under $15,000 7.6% 6.3% 5.7% 2017 Est. Average Household Income $65,721 $71,335 $76,062 2017 Est. Median Household Income $52,736 $60,701 $65,446 2017 Est. Per Capita Income $25,559 $26,290 $27,835 2017 Est. Total Businesses 733 2,742 3,593 2017 Est. Total Employees 7,582 29,245 38,810 SECTION VII
DEMOGRAPHICS Courtyard Plaza 147 S Interstate Hwy 35, New Braunfels, TX 78130 1 mi radius 3 mi radius 5 mi radius RACE HISPANIC EDUCATION (Adults 25 or Older) HOUSING HOMES BUILT BY YEAR HOME VALUES 2017 Est. White 85.2% 84.8% 84.4% 2017 Est. Black 2.0% 2.4% 2.8% 2017 Est. Asian or Pacific Islander 1.0% 1.6% 1.6% 2017 Est. American Indian or Alaska Native 0.7% 0.7% 0.7% 2017 Est. Other Races 11.0% 10.6% 10.6% 2017 Est. Hispanic Population 3,494 22,283 29,058 2017 Est. Hispanic Population 41.6% 38.4% 36.6% 2022 Proj. Hispanic Population 44.0% 40.4% 38.4% 2010 Hispanic Population 38.3% 37.6% 35.8% 2017 Est. Adult Population (25 Years or Over) 5,570 38,379 52,424 2017 Est. Elementary (Grade Level 0 to 8) 8.8% 7.6% 6.7% 2017 Est. Some High School (Grade Level 9 to 11) 5.8% 5.3% 5.4% 2017 Est. High School Graduate 32.8% 29.6% 28.4% 2017 Est. Some College 22.3% 23.8% 23.3% 2017 Est. Associate Degree Only 5.8% 7.9% 7.8% 2017 Est. Bachelor Degree Only 16.6% 19.6% 21.1% 2017 Est. Graduate Degree 7.9% 6.2% 7.4% 2017 Est. Total Housing Units 3,481 22,681 30,701 2017 Est. Owner-Occupied 54.3% 61.9% 63.7% 2017 Est. Renter-Occupied 39.0% 31.9% 30.5% 2017 Est. Vacant Housing 6.7% 6.3% 5.8% 2010 Homes Built 2005 or later 0.8% 2.4% 3.8% 2010 Homes Built 2000 to 2004 14.5% 29.3% 32.6% 2010 Homes Built 1990 to 1999 22.7% 19.1% 19.7% 2010 Homes Built 1980 to 1989 13.5% 13.6% 14.4% 2010 Homes Built 1970 to 1979 16.2% 16.0% 15.0% 2010 Homes Built 1960 to 1969 8.5% 8.4% 8.3% 2010 Homes Built 1950 to 1959 10.2% 8.8% 7.5% 2010 Homes Built Before 1949 13.2% 10.0% 8.5% 2010 Home Value $1,000,000 or More 0.2% 0.3% 0.4% 2010 Home Value $500,000 to $999,999 6.6% 6.5% 7.0% 2010 Home Value $400,000 to $499,999 5.3% 4.7% 5.7% 2010 Home Value $300,000 to $399,999 4.7% 10.3% 12.9% 2010 Home Value $200,000 to $299,999 13.7% 21.4% 23.8% 2010 Home Value $150,000 to $199,999 30.4% 31.6% 30.8% 2010 Home Value $100,000 to $149,999 30.9% 25.8% 24.2% 2010 Home Value $50,000 to $99,999 10.5% 12.8% 12.3% 2010 Home Value $25,000 to $49,999 0.9% 4.9% 4.5% 2010 Home Value Under $25,000 1.8% 3.3% 3.4% 2010 Median Home Value $164,597 $171,539 $184,257 2010 Median Rent $744 $856 $834 SECTION VII
DEMOGRAPHICS Courtyard Plaza 147 S Interstate Hwy 35, New Braunfels, TX 78130 1 mi radius 3 mi radius 5 mi radius LABOR FORCE OCCUPATION TRANSPORTATION TO WORK TRAVEL TIME CONSUMER EXPENDITURE 2017 Est. Labor Population Age 16 Years or Over 6,643 45,407 62,037 2017 Est. Civilian Employed 63.7% 63.0% 62.2% 2017 Est. Civilian Unemployed 2.9% 2.4% 2.2% 2017 Est. in Armed Forces - 0.1% 0.2% 2017 Est. not in Labor Force 33.4% 34.5% 35.4% 2017 Labor Force Males 47.6% 47.8% 48.0% 2017 Labor Force Females 52.4% 52.2% 52.0% 2010 Occupation: Population Age 16 Years or Over 4,242 29,154 37,987 2010 Mgmt, Business, & Financial Operations 14.1% 13.2% 14.2% 2010 Professional, Related 19.5% 16.7% 17.3% 2010 Service 19.6% 19.7% 19.6% 2010 Sales, Office 24.0% 26.3% 26.3% 2010 Farming, Fishing, Forestry - - 0.1% 2010 Construction, Extraction, Maintenance 12.0% 13.1% 12.4% 2010 Production, Transport, Material Moving 10.7% 10.9% 10.2% 2010 White Collar Workers 57.7% 56.2% 57.8% 2010 Blue Collar Workers 42.3% 43.8% 42.2% 2010 Drive to Work Alone 79.6% 80.6% 81.0% 2010 Drive to Work in Carpool 12.3% 11.4% 11.3% 2010 Travel to Work by Public Transportation 0.5% 0.2% 0.2% 2010 Drive to Work on Motorcycle 0.7% 0.4% 0.4% 2010 Walk or Bicycle to Work 2.7% 1.4% 1.2% 2010 Other Means 0.2% 0.9% 0.9% 2010 Work at Home 3.9% 5.0% 5.1% 2010 Travel to Work in 14 Minutes or Less 48.6% 41.3% 38.4% 2010 Travel to Work in 15 to 29 Minutes 33.6% 32.7% 33.8% 2010 Travel to Work in 30 to 59 Minutes 18.4% 24.2% 23.8% 2010 Travel to Work in 60 Minutes or More 10.1% 9.3% 9.6% 2010 Average Travel Time to Work 15.8 17.9 18.2 2017 Est. Total Household Expenditure $171 M $1.19 B $1.68 B 2017 Est. Apparel $5.93 M $41.3 M $58.8 M 2017 Est. Contributions, Gifts $10.9 M $77.2 M $112 M 2017 Est. Education, Reading $6.14 M $43.6 M $63.6 M 2017 Est. Entertainment $9.57 M $66.4 M $94.7 M 2017 Est. Food, Beverages, Tobacco $26.6 M $183 M $258 M 2017 Est. Furnishings, Equipment $5.81 M $40.6 M $58.2 M 2017 Est. Health Care, Insurance $15.3 M $105 M $147 M 2017 Est. Household Operations, Shelter, Utilities $53.0 M $366 M $520 M 2017 Est. Miscellaneous Expenses $2.56 M $17.6 M $24.8 M 2017 Est. Personal Care $2.23 M $15.4 M $21.9 M 2017 Est. Transportation $33.2 M $229 M $324 M SECTION VII
AGENCY DISCLOSURE INFORMATION ABOUT BROKERAGE SERVICES Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage activities, 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 information about the property or transaction received by the broker; Answer the client s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction 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 written listing to sell or property management agreement. An owner s agent must perform the broker s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information 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 written representation agreement. A buyer s agent must perform the broker s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller s agent. AS AGENT FOR BOTH INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker s obligations as an intermediary. A broker who acts as an intermediary: Must treat all parties to the transaction impartially and fairly; May, with the parties written 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 instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose: that the owner will accept a price less than the written asking price; that the buyer/tenant will pay a price greater than the price submitted in a written offer; and any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction 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 duties and responsibilities to you, and your obligations under the representation agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker s services. Please acknowledge receipt of this notice below and retain a copy for your records. Regulated by the Texas Real Estate Commission. Information available at www.trec.texas.gov IABS 1-0 02/16/16 REATA Real Estate Services, LP 9002891 ttyng@reatares.com 210.930.4111 Licensed Broker/Broker Firm Name or Primary Assumed Business Name License Number Email Phone Thomas C. Tyng, Jr. 0406718 ttyng@reatares.com 210.930.4111 Designated Broker of Firm License Number Email Phone Price Onken 0570479 ponken@reatares.com 210.930.4111 Sales Agent License Number Email Phone Joe Cukjati 676522 jcukjati@reatares.com 210.930.4111 Sales Agent License Number Email Phone Sales Agent License Number Email Phone Buyer/Tenant/Seller/Landlord Initials Date SECTION VIII