HOUSTON, TX

[Pages:11]HOUSTON, TX

PROPERTY DETAILS

L O C AT I O N 1000 Bay Area Blvd., Houston, TX 77058

YEAR BUILT

LAND AREA

1997 / 2011 ? 1.88 Acres*

GROSS LEASABLE

AREA

11,830

100% O C C U PA N C Y

100%

TENANTS

PA R K I N G S PA C E S

63

PA R K I N G R AT I O

5.3 to 1000

FLOOD PLAIN According to the FEMA flood map for Harris County, Texas, the Property lies within zone "X", outside the 500 year flood plan, with less than 0.2% annual probability of flooding.

INGRESS/EGRESS With more than 355 feet of frontage on Bay Area Blvd. and approximately 250 SF on El Camino Real, the Property is accessible via two (2) primary access points.

ZONING No zoning regulations in Harris Countyh

TRAFFIC COUNTS (2017) Bay Area Blvd: El Camino Real:

38,820 VPD 27,424 VPD

re is no zoning regulation administered by Fort Bend County in the

incorporated area. ACCOUNT # DESCRIPTION

ACREAGE

0963020000007

TR 15D BLK 15 CLEAR LAKE CITY IND PARK SEC A

1.8839 AC

T O TA L

1.8839 AC*

*Land area will not include Spirit of Texas Bank portion. Property is being sold on a metes and bounds basis. Acreage is subject to change.

iviv

INVESTMENT HIGHLIGHTS

E-Commerce Resistant Tenant Line-Up

The Asset benefits from tenants which are resistant to e-commerce including Clear Lake Modern Dentistry, Super Cuts, Palm Beach Tan, Freeway Insurance, and Papa John's. Clean five tenant strip center with minimal exposure in the rollover schedule. Secure income stream due to e-commerce proof tenants.

Tenant Mix

47%

32%

Lifestyle Professional Personal Care

Hard Corner at Signalized Intersection

The Property is located at a signalized intersection at the corner of El Camino Real and Bay Area Blvd with frontage on both, enjoying premium visibility from multiple view corridors. Bay Area Boulevard serves as one of Clear Lake's most trafficked roads, connecting the property to a significant number of area retailers.

Excellent Demographics

With more than 187,000 people living within a 5-mile radius and average household incomes of nearly $95k within a 3-mile radius, the Property features dense and affluent demographics.

21%

Quality Look & Feel

The Property has a very clean and well maintained exterior comprised of red bricks and green canvas awnings. The parking surface is in great condition and has several drains located throughout for proper drainage, while the placement of trees and landscaping compliment the already lush environment surrounding the center.

vv

HEB Shadow Anchored Center

1000 Bay Area Blvd. is shadow-anchored by H-E-B in Clear Lake, and capitalizes on the added traffic the power house grocer drives to the center.

Dominant Retail Corridor

The Property has a desirable location along El Camino Real and Bay Area Blvd., a dominant retail intersection in Clear Lake. The property benefits from over 66,000 VPD, touting its accessibility and ideal location.

SITE PLAN

BAY AREA BLVD - 38,820 VPD

PYLON PYLON

NAP NAP

NAP

NAP

NAP NAP

Suite Tenant Name

1

Clear Lake Dental

2

CBD Plus USA

3

Papa John's

4

Cash Store

5

Freeway Insurance

6

Darque Tan

Total Leased:

Total Available:

Total NRA:

Size (SF) 5,520 1,050 1,310 1,200 1,250 1,500 11,830 0 11,830

CLEAR LAKE MODERN DENTISTRY

EL CAMINO REAL - 27,424 VPD

vviiii

*Land area will not include Spirit of Texas Bank portion. Property is being sold on a metes and bounds basis. Acreage is subject to change.

APOLLO ST

DEMOGRAPHICS

Population 2019 Estimated Population 2024 Estimated Population Growth Rate 2010-2019 Growth Rate 2019-2024 Households 2019 Est. Households 2024 Est. Household Growth Rate 2010-2019 Growth Rate 2019-2024 Household Income 2019 Est. Household Income 2024 Est. Household Income Housing Value 2019 Average Home Value

One-Mile 15,511 16,479 8.4% 6.1%

One-Mile 6,859 7,285 8.2% 6.1%

One-Mile $67,003 $77,788 One-Mile $153,981

Three-Mile 73,082 76,946 7.3% 5.2%

Three-Mile 31,360 32,976 6.9% 5.1%

Three-Mile $91,798 $101,972

Three-Mile $254,165

Five-Mile 183,133 194,753

9.8% 6.2% Five-Mile 71,846 76,172 9.2% 5.9% Five-Mile $106,614 $118,147 Five-Mile $274,437

vviiiiii

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download