Anchored by Flagship 99 Ranch Market Opening Fall 2015
Total Page:16
File Type:pdf, Size:1020Kb
SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas Heather Nguyen | John Nguyen | Meredith McLeod-Cobb | 281.477.4300 Major Redevelopment – Anchored by Flagship 99 Ranch Market Opening Fall 2015 Leasing | Tenant Representation | Development | Land Brokerage | Investment Sales | Property Management 8827 W. Sam Houston Parkway N. | Suite 200 | Houston, Texas 77040 Carrollton Town Center SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas Property Description President George Bush Turnpike (190) Carrollton Town Center’s anchor, 99 Ranch Market, is the country’s largest gourmet Asian supermarket chain, with over 40 locations in California, Nevada, Washington, and Texas. Founded in 1984, 99 Ranch Market provides a wide and diverse array of both specialty ethnic foods and more traditional grocery items. Known for its immense produce selection and incredible seafood and meat counters, 99 Ranch Market provides a truly unique and gourmet experience for any shopper. Carrollton Town Center is located at the southeast corner of President George Bush Turnpike and Old Denton Road, in Carrollton, Texas. A major redevelopment of an existing center, Carrollton Town Center will feature extensive common-area features and Pharmacy Distribution contemporary storefront upgrades designed to create an exciting destination to shop and dine. The City of Carrollton was ranked by Money Magazine recently as SITE the 15th Best Place to Live and Forbes Magazine also awarded Carrollton the rank of #12 on it’s annual “America’s Best Places to Move” list. A diverse and dynamic community, Carrollton is located just northwest of Dallas, and is home to over 5,000 businesses while SITE maintaining a high quality of life for its residents. Available: Opportunities for retail, restaurant, service, and medical tenants Traffic Counts: ■ 95,000 cars per day on PGBT (2012) 35 ■ 23,983 cars per day on Old Denton Road (2008) 121 35E Old Denton Rd. Demographics 35W 77 ■ Active Population: ■ Average Household Income: 75 » 2 Mile: 46,545 » 2 Mile: $84,261 121 » 3 Mile: 109,709 » 3 Mile: $85,505 » 5 Mile: 303,309 » 5 Mile: $87,877 Area Retailers » TA: 781,336 » TA: $94,529 Pkwy Dickerson Dickerson 121 Mac Arthur Dr 81 Carrollton ■ Residential Count: ■ Growth Since 2010 Census: President George Bush Turnpike 635 » 2 Mile: 17,579 » 2 Mile: 11.32% 30 77 Garland N Broadway St » 3 Mile: 40,715 » 3 Mile: 11.07% 35E 287 » 5 Mile: 129,787 » 5 Mile: 14.60% N Josey Ln Josey N 35E 67 35W » TA: 314,155 » TA: 19.17% E Jackson Rd 183 Dallas Source: USPS Postal Count, 12/14 80 30 Fort Worth 377 30 635 Mesquite Contact 77 Heather Nguyen John Nguyen Meredith McLeod-Cobb Old Denton Rd 820 Grand 281.477.4358 281.477.4326 281.640-7681 Arlington Keller Springs Rd Prairie 77 [email protected] [email protected] [email protected] 45 20 20 20 175 35W 287 77 Carrollton Town Center SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas DFW Base Map TRADE AREA Carrollton Town Center SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas Trade Aerial Carrollton Town Center SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas Site Plan - Phase I SP61 Carrollton Town Center SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas Site Plan - Phase II SP61 Carrollton Town Center SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas Dallas Business Journal April 11, 2014 NewQuest plans major redevelopment of Carrollton Town Center Candace Carlisle Dallas Business Journal Houston-based NewQuest Properties has bought Carrollton Town Center and plans to redevelop the shopping center at the southeast corner of President George Bush Turnpike and Old Denton Road. Terms of the property sale were undisclosed. NewQuest plans a major redevelopment of the existing 154,000-square-foot retail center, which will soon be anchored by a new 50,000-square-foot Asian gourmet grocery store, 99 Ranch Market. The redevelopment will feature significant common-area features and contemporary storefront upgrades. Dallas-Fort Worth retail construction has been focused on grocer- anchored projects, as grocery chains expand their presence in North Texas. Retail property leasing has reached decade-high levels of occupancy rates, which will spur infill retail construction. 99 Ranch is the country’s largest Asian supermarket chain, with over 40 locations in California, Nevada, Washington, and Texas. Founded in 1984, 99 Ranch Market provides a wide and diverse array of both specialty ethnic foods and more traditional grocery items. Known for its immense produce selection and incredible seafood and meat counters, 99 Ranch provides a truly unique and gourmet shopping experience for any shopper. Carrollton Town Center SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas Elevation Rendering Carrollton Town Center SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas Elevation Rendering Carrollton Town Center SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas Elevation Rendering Carrollton Town Center SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas Elevation Rendering Carrollton Town Center Approved by the Texas Real Estate Commission for Voluntary Use SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas Texas law requires all real estate licenses to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. 2000 - 2010 Census, 2014 Estimates with 2019 Projections Demographics Calculated using Proportional Block Groups Delivery Statistics as of 12/14 Information About Brokerage Services Old Denton Rd & President George Bush Tpke 2.00 Mi 3.00 Mi 5.00 Mi Trade Area Before working with a real estate broker, you should know - that the duties of a broker depend on whom the broker rep- sent must state who will pay the broker and, in conspicuous Summary Data resents. If you are a prospective seller or landlord (owner) bold or underlined print, set forth the broker’s obligations Census 2010 Households 14,648 35,145 108,587 252,934 or a prospective buyer or tenant (buyer), you should know - Current Households 16,257 39,079 124,437 302,782 that the broker who lists the property for sale or lease is the - Census 2010 Average Persons per Household 2.86 2.81 2.44 2.58 owner’s agent. A broker who acts as a subagent represents tate License Act. A broker who acts as an intermediary in a Census 2010 Population 41,940 98,868 265,248 655,655 the owner in cooperation with the listing broker. A broker transaction: Current Population 46,545 109,709 303,309 781,336 who acts as a buye r’s agent represents the buyer. A broker (1) shall treat all parties honestly; RESIDENTIAL DEMOGRAPHICS may act as an intermediary between the parties if the par- (2) may not disclose that the owner will accept a Origination Data ties consent in writing. A broker can assist you in locating a price less than the asking price unless authorized Current Households 16,257 39,079 124,437 302,782 - in writing to do so by the owner; Census 2010 Households 14,648 35,145 108,587 252,934 ing without representing you. A broker is obligated by law (3) may not disclose that the buyer will pay a price 1 Person Household 19.33% 21.98% 31.84% 28.91% to treat you honestly. 2 Person Household 30.80% 30.03% 30.25% 29.40% 3 Person Household 18.49% 17.80% 15.62% 15.96% unless authorized in writing to do so by the buyer; 4 Person Household 17.25% 16.30% 13.11% 14.54% IF THE BROKER REPRESENTS THE OWNER: and 5 Person Household 8.44% 8.13% 5.68% 6.76% Owner-Occupied Housing Units 64.04% 62.24% 49.07% 52.70% agreement with the owner, usually through a written listing Renter-Occupied Housing Units 35.96% 37.76% 50.93% 47.30% agreement, or by agreeing to act as a subagent by accepting the broker in writing not to disclose unless authorized in writing to disclose the information or POPULATION 2014 Current Population 46,545 109,709 303,309 781,336 subagent can assist the buyer but does not represent the buy- Act or a court order or if the information materially 2010 Census Population 41,811 98,769 264,668 655,631 relates to the condition of the property. Population Growth from 2010 to 2014 11.32% 11.07% 14.60% 19.17% should not tell the owner’s agent anything the buyer would With the parties’ consent, a broker acting as an intermediary not want the owner to know because an owner’s agent must between the parties may appoint a person who is licensed AGE disclose to the owner any material information known to 2014 Median Age 36.1 35.3 34.9 34.2 the agent. the broker to communicate with and carry out instructions of one party and another person who is licensed under that RACE AND ETHNICITY 2014 Estimated White 62.2% 62.7% 63.0% 65.8% IF THE BROKER REPRESENTS THE BUYER: Act and associated with the broker to communicate with 2014 Estimated Black or African American 7.9% 8.7% 11.0% 9.7% and carry out instructions of the other party. 2014 Estimated Asian or Pacific Islander 13.5% 12.6% 13.0% 10.1% agreement to represent the buyer, usually through a written 2014 Estimated American Indian or Native Alaskan 0.6% 0.6% 0.6% 0.6% buyer representation agreement. A buyer’s agent can assist If you choose to have a broker represent you, you should 2014 Estimated Other Races 15.8% 15.4% 12.4% 13.8% the owner but does not represent the owner and must place enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations.