6124 lemmon ave - loopnet · plano ranks as one of the fastest -growing communities in texas, both...

SHILOH CROSSING3505-3509 E PARK BOULEVARD | PLANO, TEXAS

SHILOH CROSSING3505-3509 E PARK BLVD | PLANO

SHILOH CROSSING3505-3509 E Park Blvd, Plano, Texas

Weitzman is pleased to present Shiloh Crossing, a well-located, high-visibilityretail investment property This community retail center is shadow-anchored byD-FW’s No. 1 grocer, which operates a Neighborhood Market at Shiloh Crossing.In addition, the center features an Internet-resistant line-up of services, foodconcepts and retail medical uses, all of which encourage strong shopper trafficand cross-shopping opportunities.

The center also offers the opportunity for upside through the availability ofsmall-shop vacancies.

Shiloh Crossing is located at the northwest corner of Spring Creek Parkway andPark Boulevard in the affluent Plano market. The location serves as the onlygrocer-anchored retail within the dense immediate trade area. The populationwithin three miles of the center totals approximately 93,203, with an averagehousehold income that exceeds $103,000. The combination of the location, thetenancy and the barriers to entry help establish Shiloh Crossing as a stronginvestment opportunity.

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6.29%1 Mile Population

Growth 2019-2024

$87,2671 Mile Average

Household Income

$271M5 Mile Spending

Apparel & Services


PROPERTY OVERVIEW

GLA

24,665 SF

YEAR BUILT

2000

ASKING PRICE

UNPRICED

NOI

$342,096

CAP RATE

UNPRICED

ADDRESS 3505-3509 E Park Blvd, Plano, TX 75074

LOCATION NWC E Park Blvd & Spring Creek Pkwy

PROPERTY TYPE Neighborhood Center

TRAFFIC COUNTSE Park Blvd – 13,455 VPDSpring Creek Pkwy – 10,230 VPD

PERCENT LEASED 86.62%

LOT SIZE 2.65 Acres

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EXECUTIVE SUMMARY

PROPERTY HIGHLIGHTS

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Shiloh Crossing is a well-located, high-visibility neighborhood retail center shadow-anchored by Walmart, which operates a Neighborhood Market at Shiloh Crossing. In addition, the center features an Internet-resistant line-up of services, food concepts and retail medical uses, all of which encourage strong shopper traffic and cross-shopping opportunities.

Shiloh Crossing is located at the northwest corner of Spring Creek Parkway and Park Boulevard in the affluent Plano market. The location serves as the only grocer-anchored retail within the dense immediate trade area. The population within three miles of the center totals approximately 93,400, with an average household income that exceeds $104,000. The combination of the location, the tenancy and the barriers to entry help establish Shiloh Crossing as a strong retail traffic generator.


SITE PLAN

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PROPERTY SURVEY

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TENANT HIGHLIGHTS

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Size: 3,398 SF

% of GLA: 13.78%

Rent: $17.25 PSF

Lease End: 05/31/2025

Options: Two (2) three (3) years(2% Annual Increase)

Size: 2,089 SF

% of GLA: 8.47%

Rent: $15.50 PSF

Lease End: 04/30/2025

Options: Two (2) five (5) years(Market Rate)

Size: 4,250 SF

% of GLA: 17.23%

Rent: $16.00 PSF

Lease End: 06/30/2025

Options: Two (2) five (5) years(10% Increase in Rent)

*Lease Pending

Size: 1,442 SF

% of GLA: 5.85%

Rent: $16.75 PSF

Lease End: 08/30/2024

Options: One (1) five (5) years(3% Annual Increase)

SERVING AMERICA SINCE 1928In 1928, two men shared a dream of providing a quality insurance product at a reasonable price. In the decades that followedthey’ve grown and adapted to meet the changing needs of Americans. But one constant has remained: They have anunwavering commitment to uphold our founding ideals to provide industry-leading products and first-rate services to thecustomers they’re privileged to serve.

Farmers is proud to serve more than 10 million households with more than 19 million individual policies across all 50 statesthrough the efforts of over 48,000 exclusive and independent agents and nearly 21,000 employees.Source:farmersinsurance.com

Founded in 2014, Tapout Fitness is part of the Tapout brand family. Tapout is owned and operated by two powerhousebrands; Authentic Brands Group (ABG), a brand development, marketing and entertainment company, which owns a globalportfolio of over 30 lifestyle, sports, celebrity and entertainment brands, and World Wrestling Entertainment the preeminentprovider of wrestling-based entertainment.

Currently, they have more than 25 locations in development in the United States, and will have more than 500 domesticallyand internationally over the next 5 years.Source: www.tapoutfitness.com

THE WORLDWIDE LEADER IN PIZZA DELIVERYFounded in 1960, Domino's is the recognized world leader in pizza delivery operating a network of company-owned andfranchise-owned stores in the United States and international markets. Domino's is a company of exceptional people on amission to be the best pizza delivery company in the world.

INTERNATIONAL & GLOBAL FACTS:• Domino’s stores across the globe sell an average of 3 million pizzas a day.• Domino's operates 16,300 stores in more than 85 countries around the world (Q2 2019).• 2018 global retail sales:$13.5 billion ($6.6 domestic, $6.9 international).• Domino's International has experienced 102 consecutive quarters of positive same-store sales growth (Q2 2019).Source:dominos.com

Founded in Plano, Hound Therapy is focused primarily on the wellness of pets needs such as skin, nails, allergies, and basicaches and pains. The setting resembles a full service salon with all the amenities of an upscale spa. Offers small animalmassage therapy, facials, therapeutic pad oils/creams and shampoos/conditioners for all pet skin types.


TAPESTRY PROFILE

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“HOME IMPROVEMENTS” WITHIN 3-MILESHOME OWNERS 79.4%MEDIAN AGE 37.7

100%

WHO ARE WE? Married-couple families occupy well over half of these suburban households. Most Home Improvement residences are single-family homes that are owner occupied, with only one-fifth of the households occupied by renters. Education and diversity levels are similar to the US as a whole. These families spend a lot of time on the go and therefore tend to eat out regularly. When at home, weekends are consumed with home improvement and remodeling projects.

OUR NEIGHBORHOOD• These are low density suburban neighborhoods.• Eight of every 10 homes are traditional single-family dwellings,

owner occupied.• Majority of the homes were built between 1970 and 2000.• More than half of the households consist of married-couple

families; another 12% include single-parent families.

SOCIOECONOMIC TRAITS • Higher participation in the labor force and lower unemployment than US levels; most

households have 2+ workers. • Cautious consumers that do their research before buying, they protect their investments. • Typically spend 4–7 hours per week commuting, and, therefore, spend significant amounts

on car maintenance (performed at a department store or auto repair chain store). • They are paying off student loans and home mortgages. • They spend heavily on eating out, at both fast-food and family restaurants. • They like to work from home, when possible.

MARKET PROFILE (Consumer preferences are estimated from data by GfK MRI)

• Enjoy working on home improvement projects and watching DIY networks.• Make frequent trips to warehouse/club and home improvement stores in their minivan or SUV.• Own a giant screen TV with fiber-optic connection and premium cable; rent DVDs from Redbox or

Netflix.com.• Very comfortable with new technology; embrace the convenience of completing tasks on a mobile

device.• Enjoy dining at Chili’s, Chick-fil-A, and KFC.• Frequently buy children’s clothes and toys.

INCOME AND NET WORTHNet worth measures total household assets (homes, vehicles, investments, etc.) less any debts, secured (e.g., mortgages) or unsecured (credit cards). Household income and net worth are estimated by Esri.

HOUSINGMedian home value is displayed for markets that are primarily owner occupied; average rent is shown for renter-occupied markets. Tenure and home value are estimated by Esri. Housing type and average rent are from the Census Bureau’s American Community Survey.

SHILOH CROSSING3505-3509 E PARK BLVD | PLANO 12

PROPERTY PHOTOS


PROPERTY PHOTOS


PROPERTY PHOTOS

Future Medical/Office

Marketed by another Owner


LOCATION

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AERIAL

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1 MILE 3 MILE 5 MILE

E PARK BLVD 13,455 VPD SPRING CREEK PKWY 10,230 VPD

DEMOGRAPHICS

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The combined Dallas-Fort Worth market ranks as Texas’ largest metropolitan area with a population of 7.5 million people. By 2023, that total is expected to increase to 8.2 million. The DFW metro area reports an average household income of $91,8158, a median household income of $64,460 and an average home value of $265,435.

DFW at the top nationally in terms of job growth, with a total of 114,900 new jobs added between August 2017 and August 2018 according to the U.S. Bureau of Labor Statistics October 2018 report. During the 12 month period job growth totaled 3.2 percent, more than double the national average of 1.7 percent. The area’s unemployment rate is 3.5 percent future job growth over the next ten years predicted to be an astonishing 41%.

DFW is home to 22 Fortune 500 companies and more than 10,000 corporate headquarters, giving the area the largest concentration of corporate headquarters in the United States. The DFW region is a key U.S. financial center, home to the corporate headquarters for Comerica Bank and MoneyGram, as well as major centers for JPMorgan Chase, Citigroup, Wells Fargo, Bank of America, Capital One and Fidelity Investments. Dallas is also home to one of twelve regional Federal Reserve Banks.

DFW ranks among the top four US metropolitan areas for business expansions, relocations and employment growth. DFW is home to DFW International Airport, the nation’s fourth busiest airport, Dallas Love Field Airport, home to Southwest Airlines, the largest domestic airline in the country and Fort Worth Alliance Airport, the world’s first major industrial airport.

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DFW OVERVIEW


PLANO OVERVIEW

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Plano ranks as one of the fastest-growing communities in Texas, both in residential and commercial growth.

POPULATIONPlano's current population of approximately 303,000 residents is on track to reach nearly 330,000 by 2023. Additionally, Plano reports a daytime population total in excess of 354,000; daytime population totals are important for retailers and restaurants because they help generate traffic throughout the day.

INCOMESPlano by the numbers is an affluent community. The city reports average household income for its residents of $122,718. The median household income is an equally stellar $92,460.

CORPORATE GROWTHIn recent years, Plano has become home to the U.S. headquarters for automotive giant Toyota, and also home for corporate and regional headquarters for FedEx Office, JCPenney, Ericsson, Liberty Mutual, JPMorgan, Dr Pepper Snapple Group, YUM restaurant group, Alliance Data Systems and others.


TEXAS | BY THE NUMBERS

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WEITZMANGROUP.COM

The information was obtained from sources deemed reliable; however, Weitzman has not verified it and makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease, or withdrawal without notice. You and your advisors should conduct a careful independent investigation of the property to determine if it is suitable for your intended purpose.

PRESENTED BY

3102 MAPLE AVENUE | SUITE 350 | DALLAS, TEXAS 75201

O: 214.954.0600 | F: 214.953.0860

DEREK [email protected]

KEVIN [email protected]

This real estate presentation has been prepared for information purposes only, and does not purport to contain all the information necessary to reach a purchasedecision for the property described herein (the “Property”). The information contained herein (the “Information”) has been carefully compiled, but not independentlyverified by the Seller or Weitzman, and there is no representation, warranty or guarantee whatsoever as to its completeness or accuracy.

Any potential Purchaser shall rely entirely on its own information, judgment and inspection of the Property and its records, and neither the Seller nor Weitzmanassume any liability whatsoever for errors or omissions in the Information or any other data provided in connection with the Property. Each potential Purchaser andany party related thereto agrees that neither Seller not Weitzman shall have any liability for any reason, whether for negligence or gross negligence, from the use ofthe Information by any person in connection with the purchase of or any other investment in the Property by a Purchaser or any other party related thereto.

Neither the Seller nor Weitzman has any liability whatsoever for any oral or written representations, warranties or agreements relating to the Property except asexpressly set forth by any such party in any contract of sale executed in connection with the Property.

This presentation is subject to changes by the Seller as to price or terms, to prior sale, to withdrawal of the Property from the market, and other events beyond thecontrol of the Seller and Weitzman.

Weitzman is the trade name of Weitzman Management Corporation, a regional realty corporation.

6124 lemmon ave - loopnet · plano ranks as one of the fastest -growing communities in texas, both...

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