second generation restaurant for sale€¦ · 2015-2020 annual rate 1.02% 1.38% 1.51% 2015 average...

SRS Real Estate Partners 8343 Douglas Avenue, Suite 200 | Dallas, TX 75225214.560.3200 | SRSRE.COMThe information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes

no guarantees, warranties, or representations as to the completeness or accuracy therof. Published: 3.31.16

SECOND GENERATION RESTAURANT FOR SALE 3009 William Pereira | SWQ I-35 & Main St | Norman, Oklahoma 73072

AVAILABLE+/- 6,645 SF Building (Per Owner)+/- 1.77 Acre(s) Land (Per Owner)

SALES PRICE$1,500,000

DEMOGRAPHICS 3 Mile 5 Mile 10 MilePopulation 55,853 104,134 209,940Total # of Households 22,481 42,229 81,763Average HH Income $69,066 $64,517 $69,942Daytime Population 40,525 56,820 87,608Year: 2015 | Esri Data

TRAFFIC COUNTSI-35 ('14) 78,300 CPDMain Street ('12) 28,513 CPDSource: ODOT

CONTACTMark Reeder | [email protected]

DESCRIPTION

BUSINESS OPEN - PLEASE DO NOT DISTURB

● Free-standing restaurant building +/- 6,645 SF ● Hwy pylon sign ● Near Sooner Fashion Mall ● Excellent visibility to I-35 ● 103 parking places shown on site plan ● 1.77 acres of land ● Building age is approximately 28 years old ● Zoning C3(SC) City of Norman, OK

Executive Summary3009 William Pereira, Norman, Oklahoma, 73072 2 Prepared by Esri3009 William Pereira, Norman, Oklahoma, 73072 Latitude: 35.21432Rings: 3, 5, 10 mile radii Longitude: -97.48626

3 miles 5 miles 10 milesPopulation

2000 Population 51,945 86,164 155,2602010 Population 54,102 98,309 196,6472015 Population 55,853 104,134 209,9402020 Population 58,332 111,088 225,5202000-2010 Annual Rate 0.41% 1.33% 2.39%2010-2015 Annual Rate 0.61% 1.10% 1.25%2015-2020 Annual Rate 0.87% 1.30% 1.44%2015 Male Population 49.8% 49.9% 49.4%2015 Female Population 50.2% 50.1% 50.6%2015 Median Age 30.5 29.7 32.7

In the identified area, the current year population is 209,940. In 2010, the Census count in the area was 196,647. The rate of change since 2010 was 1.25% annually. The five-year projection for the population in the area is 225,520 representing a change of 1.44% annually from 2015 to 2020. Currently, the population is 49.4% male and 50.6% female.

Median Age

The median age in this area is 30.5, compared to U.S. median age of 37.9.Race and Ethnicity

2015 White Alone 78.9% 77.1% 77.8%2015 Black Alone 4.0% 5.3% 4.7%2015 American Indian/Alaska Native Alone 4.4% 4.7% 4.7%2015 Asian Alone 4.7% 4.5% 4.1%2015 Pacific Islander Alone 0.1% 0.1% 0.1%2015 Other Race 2.3% 2.4% 2.5%2015 Two or More Races 5.6% 6.0% 6.1%2015 Hispanic Origin (Any Race) 8.1% 7.9% 8.2%

Persons of Hispanic origin represent 8.2% of the population in the identified area compared to 17.6% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 48.1 in the identified area, compared to 63.0 for the U.S. as a whole.

Households2000 Households 21,240 35,310 60,2232010 Households 21,697 39,845 76,4502015 Total Households 22,481 42,229 81,7632020 Total Households 23,647 45,228 88,1362000-2010 Annual Rate 0.21% 1.22% 2.41%2010-2015 Annual Rate 0.68% 1.11% 1.29%2015-2020 Annual Rate 1.02% 1.38% 1.51%2015 Average Household Size 2.21 2.31 2.48

The household count in this area has changed from 76,450 in 2010 to 81,763 in the current year, a change of 1.29% annually. The five-year projection of households is 88,136, a change of 1.51% annually from the current year total. Average household size is currently 2.48, compared to 2.48 in the year 2010. The number of families in the current year is 51,627 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

March 31, 2016

©2015 Esri Page 1 of 2

Executive Summary3009 William Pereira, Norman, Oklahoma, 73072 2 Prepared by Esri3009 William Pereira, Norman, Oklahoma, 73072 Latitude: 35.21432Rings: 3, 5, 10 mile radii Longitude: -97.48626

3 miles 5 miles 10 milesMedian Household Income

2015 Median Household Income $46,235 $44,493 $53,5122020 Median Household Income $53,105 $51,633 $59,6292015-2020 Annual Rate 2.81% 3.02% 2.19%

Average Household Income

2015 Average Household Income $69,066 $64,517 $69,9422020 Average Household Income $77,357 $72,491 $78,1862015-2020 Annual Rate 2.29% 2.36% 2.25%

Per Capita Income2015 Per Capita Income $29,389 $27,101 $27,7492020 Per Capita Income $32,908 $30,403 $31,0362015-2020 Annual Rate 2.29% 2.33% 2.26%

Households by IncomeCurrent median household income is $53,512 in the area, compared to $53,217 for all U.S. households. Median household income is projected to be $59,629 in five years, compared to $60,683 for all U.S. households

Current average household income is $69,942 in this area, compared to $74,699 for all U.S. households. Average household income is projected to be $78,186 in five years, compared to $84,910 for all U.S. households

Current per capita income is $27,749 in the area, compared to the U.S. per capita income of $28,597. The per capita income is projected to be $31,036 in five years, compared to $32,501 for all U.S. households Housing

2000 Total Housing Units 22,697 37,770 64,2892000 Owner Occupied Housing Units 11,463 18,477 38,4992000 Renter Occupied Housing Units 9,777 16,834 21,7242000 Vacant Housing Units 1,457 2,459 4,066




Currently, 59.5% of the 87,003 housing units in the area are owner occupied; 34.5%, renter occupied; and 6.0% are vacant. Currently, in the U.S., 55.7% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.6% are vacant. In 2010, there were 81,216 housing units in the area - 60.3% owner occupied, 33.9% renter occupied, and 5.9% vacant. The annual rate of change in housing units since 2010 is 3.11%. Median home value in the area is $177,200, compared to a median home value of $200,006 for the U.S. In five years, median value is projected to change by 3.23% annually to $207,738.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

March 31, 2016


Business Summary3009 William Pereira, Norman, Oklahoma, 73072 2 Prepared by Esri3009 William Pereira, Norman, Oklahoma, 73072 Latitude: 35.21432Rings: 3, 5, 10 mile radii Longitude: -97.48626

Data for all businesses in area 3 miles 5 miles 10 milesTotal Businesses: 3,482 4,524 7,545Total Employees: 40,525 56,820 87,608Total Residential Population: 55,853 104,134 209,939Employee/Residential Population Ratio: 0.73:1 0.55:1 0.42:1

Businesses Employees Businesses Employees Businesses Employeesby SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 94 2.7% 612 1.5% 120 2.7% 798 1.4% 218 2.9% 1,357 1.5%Construction 206 5.9% 1,286 3.2% 287 6.3% 2,079 3.7% 658 8.7% 4,666 5.3%Manufacturing 66 1.9% 1,365 3.4% 95 2.1% 3,662 6.4% 179 2.4% 5,324 6.1%Transportation 63 1.8% 531 1.3% 91 2.0% 736 1.3% 166 2.2% 1,067 1.2%Communication 28 0.8% 155 0.4% 38 0.8% 246 0.4% 65 0.9% 369 0.4%Utility 7 0.2% 153 0.4% 11 0.2% 175 0.3% 22 0.3% 318 0.4%Wholesale Trade 80 2.3% 841 2.1% 111 2.5% 1,439 2.5% 206 2.7% 2,109 2.4%

Retail Trade Summary 758 21.8% 11,305 27.9% 985 21.8% 15,079 26.5% 1,618 21.4% 23,041 26.3%Home Improvement 27 0.8% 371 0.9% 36 0.8% 440 0.8% 81 1.1% 1,062 1.2%General Merchandise Stores 18 0.5% 1,218 3.0% 30 0.7% 2,150 3.8% 53 0.7% 3,350 3.8%Food Stores 62 1.8% 699 1.7% 88 1.9% 1,003 1.8% 146 1.9% 1,450 1.7%Auto Dealers, Gas Stations, Auto Aftermarket 73 2.1% 1,396 3.4% 110 2.4% 1,987 3.5% 187 2.5% 2,481 2.8%Apparel & Accessory Stores 79 2.3% 683 1.7% 89 2.0% 756 1.3% 118 1.6% 864 1.0%Furniture & Home Furnishings 58 1.7% 601 1.5% 71 1.6% 663 1.2% 116 1.5% 1,186 1.4%Eating & Drinking Places 223 6.4% 4,838 11.9% 285 6.3% 6,031 10.6% 466 6.2% 9,363 10.7%Miscellaneous Retail 217 6.2% 1,500 3.7% 277 6.1% 2,049 3.6% 451 6.0% 3,286 3.8%

Finance, Insurance, Real Estate Summary 513 14.7% 2,445 6.0% 667 14.7% 2,980 5.2% 1,029 13.6% 4,394 5.0%Banks, Savings & Lending Institutions 172 4.9% 768 1.9% 230 5.1% 901 1.6% 375 5.0% 1,412 1.6%Securities Brokers 58 1.7% 223 0.6% 66 1.5% 261 0.5% 85 1.1% 323 0.4%Insurance Carriers & Agents 112 3.2% 504 1.2% 132 2.9% 590 1.0% 213 2.8% 869 1.0%Real Estate, Holding, Other Investment Offices 171 4.9% 951 2.3% 239 5.3% 1,228 2.2% 355 4.7% 1,789 2.0%

Services Summary 1,482 42.6% 20,187 49.8% 1,867 41.3% 27,053 47.6% 2,918 38.7% 38,967 44.5%Hotels & Lodging 25 0.7% 503 1.2% 36 0.8% 705 1.2% 48 0.6% 1,135 1.3%Automotive Services 76 2.2% 381 0.9% 105 2.3% 480 0.8% 195 2.6% 817 0.9%Motion Pictures & Amusements 96 2.8% 1,012 2.5% 130 2.9% 1,917 3.4% 206 2.7% 3,137 3.6%Health Services 237 6.8% 6,399 15.8% 295 6.5% 8,341 14.7% 426 5.6% 10,106 11.5%Legal Services 131 3.8% 512 1.3% 137 3.0% 534 0.9% 158 2.1% 654 0.7%Education Institutions & Libraries 125 3.6% 3,628 9.0% 149 3.3% 4,587 8.1% 226 3.0% 7,754 8.9%Other Services 790 22.7% 7,751 19.1% 1,013 22.4% 10,489 18.5% 1,658 22.0% 15,363 17.5%

Government 111 3.2% 1,502 3.7% 145 3.2% 2,361 4.2% 289 3.8% 5,674 6.5%

Unclassified Establishments 75 2.2% 143 0.4% 107 2.4% 213 0.4% 178 2.4% 322 0.4%

Totals 3,482 100.0% 40,525 100.0% 4,524 100.0% 56,820 100.0% 7,545 100.0% 87,608 100.0%Source: Copyright 2015 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2015.

March 31, 2016


Business Summary3009 William Pereira, Norman, Oklahoma, 73072 2 Prepared by Esri3009 William Pereira, Norman, Oklahoma, 73072 Latitude: 35.21432Rings: 3, 5, 10 mile radii Longitude: -97.48626

Businesses Employees Businesses Employees Businesses Employeesby NAICS Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture, Forestry, Fishing & Hunting 4 0.1% 117 0.3% 8 0.2% 148 0.3% 22 0.3% 213 0.2%Mining 28 0.8% 135 0.3% 33 0.7% 163 0.3% 39 0.5% 236 0.3%Utilities 7 0.2% 150 0.4% 8 0.2% 162 0.3% 14 0.2% 291 0.3%Construction 227 6.5% 1,450 3.6% 316 7.0% 2,332 4.1% 706 9.4% 5,011 5.7%Manufacturing 72 2.1% 1,302 3.2% 104 2.3% 3,610 6.4% 192 2.5% 5,304 6.1%Wholesale Trade 77 2.2% 827 2.0% 108 2.4% 1,425 2.5% 197 2.6% 2,063 2.4%Retail Trade 514 14.8% 6,369 15.7% 672 14.9% 8,922 15.7% 1,101 14.6% 13,455 15.4%

Motor Vehicle & Parts Dealers 59 1.7% 1,288 3.2% 86 1.9% 1,837 3.2% 141 1.9% 2,255 2.6%Furniture & Home Furnishings Stores 24 0.7% 233 0.6% 30 0.7% 257 0.5% 46 0.6% 379 0.4%Electronics & Appliance Stores 35 1.0% 373 0.9% 43 1.0% 414 0.7% 68 0.9% 767 0.9%Bldg Material & Garden Equipment & Supplies Dealers 27 0.8% 371 0.9% 36 0.8% 440 0.8% 81 1.1% 1,062 1.2%Food & Beverage Stores 50 1.4% 590 1.5% 74 1.6% 904 1.6% 130 1.7% 1,333 1.5%Health & Personal Care Stores 50 1.4% 370 0.9% 68 1.5% 459 0.8% 105 1.4% 739 0.8%Gasoline Stations 15 0.4% 108 0.3% 24 0.5% 150 0.3% 46 0.6% 225 0.3%Clothing & Clothing Accessories Stores 96 2.8% 770 1.9% 107 2.4% 847 1.5% 146 1.9% 1,009 1.2%Sport Goods, Hobby, Book, & Music Stores 48 1.4% 533 1.3% 57 1.3% 727 1.3% 74 1.0% 1,001 1.1%General Merchandise Stores 18 0.5% 1,218 3.0% 30 0.7% 2,150 3.8% 53 0.7% 3,350 3.8%Miscellaneous Store Retailers 88 2.5% 503 1.2% 108 2.4% 706 1.2% 184 2.4% 1,197 1.4%Nonstore Retailers 4 0.1% 13 0.0% 10 0.2% 31 0.1% 27 0.4% 137 0.2%

Transportation & Warehousing 37 1.1% 433 1.1% 55 1.2% 611 1.1% 108 1.4% 894 1.0%Information 67 1.9% 735 1.8% 85 1.9% 983 1.7% 136 1.8% 1,885 2.2%Finance & Insurance 347 10.0% 1,515 3.7% 435 9.6% 1,781 3.1% 687 9.1% 2,650 3.0%

Central Bank/Credit Intermediation & Related Activities 175 5.0% 783 1.9% 235 5.2% 925 1.6% 386 5.1% 1,450 1.7%Securities, Commodity Contracts & Other Financial Investments & Other Related Activities

60 1.7% 228 0.6% 68 1.5% 266 0.5% 88 1.2% 330 0.4%Insurance Carriers & Related Activities; Funds, Trusts & Other Financial Vehicles

112 3.2% 504 1.2% 132 2.9% 590 1.0% 213 2.8% 869 1.0%Real Estate, Rental & Leasing 198 5.7% 954 2.4% 289 6.4% 1,281 2.3% 463 6.1% 2,003 2.3%Professional, Scientific & Tech Services 385 11.1% 1,977 4.9% 465 10.3% 2,638 4.6% 626 8.3% 4,127 4.7%

Legal Services 136 3.9% 573 1.4% 143 3.2% 598 1.1% 171 2.3% 742 0.8%Management of Companies & Enterprises 5 0.1% 20 0.0% 6 0.1% 29 0.1% 8 0.1% 63 0.1%Administrative & Support & Waste Management & Remediation Services

116 3.3% 678 1.7% 141 3.1% 894 1.6% 269 3.6% 1,697 1.9%Educational Services 138 4.0% 3,416 8.4% 166 3.7% 4,405 7.8% 251 3.3% 7,521 8.6%Health Care & Social Assistance 341 9.8% 9,819 24.2% 434 9.6% 13,090 23.0% 645 8.5% 15,709 17.9%Arts, Entertainment & Recreation 67 1.9% 1,069 2.6% 87 1.9% 1,907 3.4% 137 1.8% 3,096 3.5%Accommodation & Food Services 258 7.4% 5,394 13.3% 334 7.4% 6,796 12.0% 536 7.1% 10,563 12.1%

Accommodation 25 0.7% 503 1.2% 36 0.8% 705 1.2% 48 0.6% 1,135 1.3%Food Services & Drinking Places 233 6.7% 4,891 12.1% 298 6.6% 6,091 10.7% 487 6.5% 9,428 10.8%

Other Services (except Public Administration) 409 11.7% 2,513 6.2% 527 11.6% 3,061 5.4% 939 12.4% 4,810 5.5%Automotive Repair & Maintenance 64 1.8% 313 0.8% 86 1.9% 392 0.7% 152 2.0% 663 0.8%

Public Administration 112 3.2% 1,509 3.7% 146 3.2% 2,368 4.2% 290 3.8% 5,681 6.5%

Unclassified Establishments 74 2.1% 144 0.4% 106 2.3% 214 0.4% 179 2.4% 336 0.4%

Total 3,482 100.0% 40,525 100.0% 4,524 100.0% 56,820 100.0% 7,545 100.0% 87,608 100.0%Source: Copyright 2015 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2015.

March 31, 2016


11-2-2015

Information About Brokerage Services Texas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, 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 informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and• Treat all parƟes to a real estate transacƟon 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 wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon 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 wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly;• May, with the parƟes' wriƩen 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 instrucƟons of each party to the transacƟon.• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:ᴑ that the owner will accept a price less than the wriƩen asking price;ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng 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 transacƟon 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 duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon 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 noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

second generation restaurant for sale€¦ · 2015-2020 annual rate 1.02% 1.38% 1.51% 2015 average...

Documents