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Farmington 45,000 SF

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Farmington 45,000 SF Representative Photo New Construction Anchor/Jr. Anchor Space 3000 E Main St | Farmington, NM 87402 505-585-5700 | 5600 Eubank Suite 200 | Albuquerque, NM | ws-cre.com New Construction Anchor/Jr. Anchor Space Property Summary PROPERTY SUMMARY Lease Rate Contact Broker Jr./Anchor Space Up to 45,000 SF Delivery Q1 2018 PROPERTY HIGHLIGHTS • New development situated at the Main River Crossing and highest traffic intersection in Farmington – 60,000 VPD • Largest retail services concentration in the Four Corners – trade area reach in excess of 250,000 people • Adjacent to new construction Starbucks - opened July 2017 MATT REEVES MICHAEL RENEAU [email protected] [email protected] 505-273-7168 505-273-7169 City of Farmington The City of Farmington is the largest of San Juan County and geographically one of the largest counties in the United States. It serves as the commercial hub for most of northwestern New Mexico serving over 300,000 people, offering the largest concentration of retail services in the Four Corners region. In total retail trade and food/drink, projections for the region are annual sales of $1,521,685,262. Additionally, a nearly 10% increase in population is estimated to occur within the next five years. Farmington lies at or near the junction of three important highways U.S. Highway 550, U.S. Highway 64, and New Mexico Highway 371. Farmington, whose metro contains a population of 115,000, is home to a diverse array of shops, trading posts, and restaurants. It is on a path of growth and redevelopment while maintaining its rich history and culture. • Retail & health care hub for the Four Corners Region (estimated market - over 300,000) • Within the last 24 months, new to market retailers include: Dick’s Sporting Goods, Chick-fil-A, Buffalo Wild Wings, Freddy’s Steakburgers, Del Taco, Five Guys Burgers and Fries, Sleep Number, ULTA, CATO, Encore, Tomo Steakhouse, Blake’s Lotaburger, Chipotle, and Harbor Freight • Educational opportunities, workforce training, and business support at San Juan College • Access to major highways, Regional transit • Four Corners Regional Airport • Great Quality of Life: 281 Days of Sunshine per Year, Low Humidity, Mild Winters, Stable Housing Values, Low Property Taxes • The Four Corners Region is designated a Geo tourism Destination by National Geographic Center for Sustainable destinations • Opportunities to explore, camp, hike, mountain bike, sh, hunt, skin in the winter, raft, and stargaze are nearby • Farmington’s Park System, including the Berg/. Animas National Recreation Trail, Farmington Aquatic Center & Pinon Hills Golf Course • Home to Annual Connie Mack World Series Why Farmington? Pinon Hills Golf Course Pinon Hills Municipal Golf Course is a regulation 18-hole course. Golf Digest, in its May 2002 issue, rated Pinon Hills as "the best municipal course" in the U.S. The course was also given a 5-star rating; one of only 16 public access courses in the country to receive this honor. Golfweek Magazine has also ranked Pinon Hills as the #4 Municipal Golf Course in the United States from 2008 to 2010. Pinon Hills remains "America's best golf bargain. Four Corners Regional Airport Four Corners Regional Airport serves a regional population of well over 100,000 with service to travelers from four states. With two runways, full time Aircraft Rescue and Fire Fighting and an Air Traffic Control tower the Four Corners Regional Airport is the logical choice for flying into the Four Corners region. Animas Valley Mall The mall offers a variety of department stores including Dillard’s, JCPenney, Ross, Sears, and over 60 specialty shops including Bath & Body Works, Buckle, The Children’s Place and Zumiez. Recent enhancements include Animas 10 Cinema and a 400-seat food court. Demographics POPULATION 1 Miles 10 Miles 20 Miles HOUSEHOLDS BY EXPENDITURE 1 Miles 10 Miles 20 Miles §2021 Projection Total Average Household Retail $57,214 $66,683 $66,204 Total Population 5,383 74,954 104,462 Expenditure §2016 Estimate §Expenditure Top 10 Categories Total Population 5,248 70,996 99,053 Housing $16,602 $18,830 $18,704 §2010 Census Shelter $10,417 $11,577 $11,488 Total Population 5,573 76,027 106,104 Transportation $9,496 $11,000 $10,899 §2000 Census Food $6,285 $7,142 $7,088 Total Population 5,052 63,168 88,788 Personal Insurance/Pensions $4,221 $5,701 $5,583 §Current Daytime Population Health Care $3,693 $4,558 $4,563 2016 Estimate 6,245 76,220 102,036 Utilities $3,184 $3,577 $3,566 HOUSEHOLDS 1 Miles 10 Miles 20 Miles Entertainment $2,476 $2,973 $2,948 §2021 Projection Apparel $1,579 $1,797 $1,771 Household Furnishings and Total Households 1,920 26,167 36,426 $1,418 $1,787 $1,774 §2016 Estimate Equipment Total Households 1,860 24,632 34,247 POPULATION PROFILE 1 Miles 10 Miles 20 Miles Average (Mean) Household §Population By Age 2.78 2.82 2.83 2016 Estimate Total Size 5,248 70,996 99,053 §2010 Census Population Total Households 1,971 26,528 36,904 Under 20 30.48% 29.54% 29.53% §2000 Census 20 to 34 Years 28.15% 21.58% 21.07% Total Households 1,837 22,159 30,443 35 to 39 Years 6.32% 6.33% 6.29% §Occupied Units 40 to 49 Years 9.68% 11.10% 11.13% 2021 Projection 1,920 26,167 36,426 50 to 64 Years 15.02% 18.89% 19.04% 2016 Estimate 2,048 27,558 38,651 Age 65+ 10.36% 12.58% 12.95% Median Age 30.22 34.21 34.57 HOUSEHOLDS BY INCOME 1 Miles 10 Miles 20 Miles §Population 25+ by Education §2016 Estimate Level $150,000 or More 2.70% 5.77% 5.67% 2016 Estimate Population Age 3,180 45,211 63,121 $100,000 - $149,000 8.18% 12.99% 12.54% 25+ $75,000 - $99,999 8.11% 14.91% 14.68% Elementary (0-8) 7.57% 4.43% 4.31% $50,000 - $74,999 17.87% 18.83% 18.93% Some High School (9-11) 11.07% 10.39% 10.49% $35,000 - $49,999 19.14% 12.80% 12.61% High School Graduate (12) 30.44% 30.83% 32.62% Under $35,000 43.14% 33.48% 34.45% Some College (13-15) 26.62% 26.31% 26.05% Average Household Income $52,559 $71,381 $69,682 Associate Degree Only 11.64% 9.44% 9.02% Median Household Income $40,362 $54,798 $53,762 Bachelors Degree Only 8.31% 10.71% 10.31% Per Capita Income $18,630 $25,048 $24,306 Graduate Degree 4.15% 6.94% 6.18% MATT REEVES MICHAEL RENEAU [email protected] [email protected] 505-273-7168 505-273-7169.
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