Alabama Row NEC W Alabama St & Mandell St, Houston, Texas 77006

Home , Greenway Plaza, The Galleria, Upper Kirby

MONTROSE TRADE AREA SHOPPING CENTER FOR LEASE

MOSS HILL

45 ALABAMA ROW | PROPERTY INFORMATION 59

THE WOODLANDS

TOMBALL LOCATION HEMPSTEAD 290 SPRING DAYTON 1540 W Alabama St 249 LIBERTY 90 GEORGE BUSH 99 Houston, Texas 77006 INTERCONTINENTAL HUMBLE CYPRESS AIRPORT

SIZE

8 2,500 sf end cap space 69 Former restaurant space 8 TOLL 10 SEALY 10 RATE KATY ANAUAC 99 6 610 BAYTOWN $52.00 psf HOUSTON 225 PASADENA WILLIAM P. NNN RATE SUGAR LAND HOBBY AIRPORT $18.24 psf 8 ROSENBERG 90 TOLL

PEARLAND ELLINGTON PARKING FIELD AIRPORT 6 47 parking spaces 59 ALVIN 45 (6.2/1,000 sf) plus bicycle racks

NEEDVILLE 288 TEXAS CITY 36 TRAFFIC COUNTS (TXDOT 2016)

PROPERTY INFORMATION GALVESTON 14,152 cpd 4,203 cpd W Alabama Street Mandell Street • Recent construction featuring modern architecture, 16’ ceilings & 14’ glass storefronts, outdoor patio • At a signalized intersection one block east of new H-E-B, located in the vibrant Montrose area • Strategically located minutes away from downtown Houston, The Museum District, the Texas Medical Center and Greenway Plaza • Alabama Row sits amidst some of Houston’s most affluent residential neighborhoods including River Oaks, Montrose, Midtown, Southampton and the Museum District • Upper Kirby and Montrose are home to some of the best performing restaurants and retailers in the city

Trade Area

Alabama Row is a new “urban infill” retail development located at the northern end of Houston’s world- renowned Museum District within the densely populated and eclectic Houston sub-division of Montrose. Sitting in the center of it all between downtown’s gleaming towers and River Oaks’ tree-lined streets, it is one of the city’s first grand neighborhoods.

Montrose is composed of elegantly restored mansions, contemporary condos, and Craftsman bungalows. The neighborhood boats walkable streets, nationally acclaimed bars and restaurants and buzzed- about boutiques. Montrose is a major cultural hub and one of Houston’s most popular and celebrated neighborhoods, often referred to as the “Heart of Houston”.

Accessibility

Located on the northeast hard corner where West Alabama St and Mandell St intersect, Alabama Row is easily and conveniently accessible to people working and living in Downtown, Midtown, Montrose, the Museum District, Upper Kirby and River Oaks which make up the project’s trade area.

West Alabama St is a major east-west arterial connecting Downtown Houston to the Galleria/Uptown District. Mandell St is a significant north-south residential collector that connects Montrose to the rest of the Museum District south of Highway 59, and the affluent neighborhoods of Southampton and Braes Oaks which are an important segment of Alabama Row’s trade area.

Access into the project is off of West Alabama and Mandell Street. West Alabama street is bi-directional with a middle turning lane that makes turning easy to avoid congestion. The middle lane also serves as a contraflow lane during peak rush hours.

The middle turning lane allows patrons easy ingress into the project from all directions. Furthermore, the signalized intersection creates a break in traffic allowing patrons to turn in either direction as they exit the project. West Alabama carries a total 27,500 cars per day at this intersection, and Mandell St carries over 7,800 cars per day at this intersection.

Average Home Price last updated on: 2/4/2020

1 MI RADIUS 2 MI RADIUS 3 MI RADIUS 5 MI RADIUS

POPULATION

TOTAL POPULATION 29,241 97,706 190,638 446,450

TOTAL ADULT DAYTIME POPULATION 33,712 239,541 491,256 856,403

PROJECTED TOTAL GROWTH 2019 TO 2024 14.46% 16.89% 18.58% 15.19%

2024 PROJECTED POPULATION 33,470 114,204 226,061 537,286

% FEMALE POPULATION 47% 47% 48% 48%

% MALE POPULATION 53% 53% 52% 52%

MEDIAN AGE 39.5 38.3 38.2 37.1

BUSINESS

TOTAL EMPLOYEES 22,944 131,340 327,164 556,510

TOTAL BUSINESS ESTABLISHMENTS 1,400 5,864 11,565 22,189

HOUSEHOLD INCOME ESTIMATED MEDIAN HOUSEHOLD INCOME $78,843 $94,343 $93,056 $75,791

ESTIMATED AVERAGE HOUSEHOLD INCOME $97,620 $105,355 $104,682 $93,840

ESTIMATED PER CAPITA INCOME $80,597 $83,858 $82,342 $64,207

HOUSEHOLD

TOTAL HOUSING UNITS 19,319 61,141 113,555 244,912

% HOUSING UNITS OWNER-OCCUPIED 36% 37% 39% 40%

% HOUSING UNITS RENTER-OCCUPIED 53% 51% 48% 48% RACE & ETHNICITY % WHITE 81% 75% 70% 64%

% BLACK OR AFRICAN AMERICAN 4% 10% 14% 18%

% ASIAN 6% 8% 9% 8%

% OTHER 8% 7% 7% 10%

% HISPANIC OR LATINO 16% 15% 15% 25%

Collin Lester | [email protected] | 713.900.3031 Josh Jacobs | [email protected] | 713.900.3001 Edge Realty Partners | 5444 Westheimer Rd, Suite 1650, Houston, Texas 77056 | 713.900.3000 | edge-re.com Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

INFORMATION ABOUT BROKERAGE SERVICES

Before working with a real estate broker, you should know buyer representation agreement. A buyer’s agent can assist in writing not to disclose unless authorized in writing to that the duties of a broker depend on whom the broker the owner but does not represent the owner and must disclose the information or required to do so by The Texas represents. If you are a prospective seller or landlord (owner) place the interests of the buyer fi rst. The owner should not Real Estate License Act or a court order or if the information or a prospective buyer or tenant (buyer), you should know tell a buyer’s agent anything the owner would not want the materially relates to the condition of the property. that the broker who lists the property for sale or lease is the buyer to know because a buyer’s agent must disclose to With the parties’ consent, a broker acting as an intermediary owner’s agent. A broker who acts as a subagent represents the the buyer any material information known to the agent. between the parties may appoint a person who is licensed owner in cooperation with the listing broker. A broker who acts IF THE BROKER ACTS AS AN INTERMEDIARY: under The Texas Real Estate License Act and associated with as a buyer’s agent represents the buyer. A broker may act as A broker may act as an intermediary between the parties if the broker to communicate with and carry out instructions an intermediary between the parties if the parties consent in the broker complies with The Texas Real Estate License Act. of one party and another person who is licensed under writing. A broker can assist you in locating a property, preparing The broker must obtain the written consent of each party to that Act and associated with the broker to communicate a contract or lease, or obtaining fi nancing without representing the transaction to act as an intermediary. The written consent with and carry out instructions of the other party. you. A broker is obligated by law to treat you honestly. must state who will pay the broker and, in conspicuous bold If you choose to have a broker represent you, IF THE BROKER REPRESENTS THE OWNER: or underlined print, set forth the br ker’s obligations as an you should enter into a written agreement with the broker that The broker becomes the owner’s agent by entering into an intermediary. The broker is required to treat each party honestly clearly establishes the broker’s obligations and your obligations. agreement with the owner, usually through a written - listing and fairly and to comply with The Texas Real Estate License The agreement should state how and by whom the broker will be agreement, or by agreeing to act as a subagent by accepting Act. A broker who acts as an intermediary in a transaction: paid. You have the right to choose the type of representation, if an offer of subagency from the listing broker. A subagent may (1) shall treat all parties honestly; any, you wish to receive. Your payment of a fee to a broker does work in a different real estate offi ce. A listing broker or subagent not necessarily establish that the broker represents you. If you can assist the buyer but does not represent the buyer and (2) may not disclose that the owner will accept have any questions regarding the duties and responsibilities of the must place the interests of the owner fi rst. The buyer should a price less than the asking price unless broker, you should resolve those questions before proceeding. not tell the owner’s agent anything the buyer would not want authorized in writing to do so by the owner;

the owner to know because an owner’s agent must disclose (3) may not disclose that the buyer will pay a price to the owner any material information known to the agent. greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an (4) may not disclose any confi dential information or any agreement to represent the buyer, usually through a written information that a party specifi cally instructs the broker

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

EDGE Realty Partners LLC 9000663 [email protected] 713.900.3000 BROKER FIRM NAME LICENSE NO. EMAIL PHONE

BUYER, SELLER, LANDLORD OR TENANT DATE

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960. Flyer Last Updated on IABS 1-0 February 13, 2020 2:47 PM. 11.02.15