The Property Management Division of Coldwell Banker Commercial Properties Unlimited (CBC Brenham) is pleased to present this opportunity to lease 1,200 SF in the 1600 South Day Shopping Center on Texas Highway 36 Business, the primary Brenham north-south route and the primary south route to and from downtown Brenham.
LISTING BROKER CONTACT INFORMATION
Call listing Broker Lindi Surovik on her direct line at 979-421-9936.
HIGHLIGHTS
(1) Outstanding entrepreneurial opportunity to acquire a 3 to 5 year lease on Texas Highway 36 Business, the primary north-south Brenham corridor for only $1,200 per month
(2) Current average daily traffic count is estimated at 16,060 and projected to exceed 21,000 within 5 years indicating an average growth of 1,000 per year
(3) Retail gap analysis has identified top five retail opportunities for this suite based on a 1-mile radius analysis
(4) Wit...
(4) Within a 2-mile radius, top 3 opportunities have at least $600K in estimated annual unmet sales and top 10 have at least $375K
(5) 49%+ of Brenham’s population lives within this radius representing $120M+ in 2007 estimated annual consumer spending
(6) $550M+ estimated County annual consumer spending in 2007 projected to exceed $700M by 2012
PROPERTY
1,200 SF of space with excellent visibility. Entire front has floor to ceiling windows providing excellent visibility and light. The suite has one major room, a bathroom and a storage area with a second bath.
It is on the northern edge of the shopping center. The overflow parking for the shopping center is immediately adjacent on the north side providing an excellent combination of parking, visibility and foot traffic.
The anchor tenant is a Shamrock Convenience Store with a café next door. The anchor tenant believes a beauty shop or donut shop would be a great fit with his traffic.
LEASE TERMS
$1,200 per month with first, last and security due upon lease execution. A three-year minimum and five year maximum term is available.
LOCATION
Outstanding location on Texas Highway 36 Business (South Day Street), the primary Brenham north-south route and the primary south route to and from downtown Brenham.
Current average daily traffic count estimated at 16,060 and projected to exceed 21,000 within 5 years indicating an average growth of 1,000 per year.
RETAIL GAP ANALYSIS
Alexander Tiffany, LLC (AT) performed retail gap analysis on local demand on behalf of CBC Brenham. This analysis identifies the “gap” between consumer demand and local supply of services/products. Please note this gap analysis only recognizes local demand and specifically EXCLUDES traveling demand.
Within a 1-mile radius, the top five retail opportunities are:
(1) Sporting goods store - estimated annual unmet sales of $480K+
(2) Record, CD, video store - estimated annual unmet sales of $180K+
(3) Hobby, toy and game store - estimated annual unmet sales of $160K+
(4) Outdoor power equipment store - estimated annual unmet sales of $140K+
(5) Camera and photographic equipment store - estimated annual unmet sales of $80K+
Within a 2-mile radius:
(6) Top 3 opportunities have at least $600K in estimated annual unmet sales
(7) Top 5 opportunities average $400K+ in estimated annual unmet sales
(8) Top 10 opportunities average $375K+ in estimated annual unmet sales
Within a 3-mile radius:
(9) Top 3 opportunities have at least $850K in estimated annual unmet sale
(10) Top 5 opportunities average $600K+ in estimated annual unmet sales
(11) Top 10 opportunities average $500K+ in estimated annual unmet sales
KEY DEMOGRAPHICS AND ECONOMETRICS
Analysis was based on demographics and econometrics in eight geographic areas: (1) ¼ mile radius; (2) ½ mile radius; (3) ¾ mile radius; (4) 1-mile radius; (5) 2-mile radius; (6) 3-mile radius; (7) City of Brenham; and (8) Washington County.
Analysis suggests there are outstanding econometrics and demographics to support a broad range of retail, service or professional entrepreneurial opportunities located in the South Day Street Shopping Center.
¼-mile radius:
(1) 1.9%+ annual increase in household effective buying income ranks #1 in all eight geographic areas analyzed
(2) 2.2% annual increase in estimated household income ranks #1 in all eight geographic areas analyzed
(3) 12%+ in growth in estimated annual family incomes of at least $100,000 ranks #1 in all eight geographic areas analyzed
½-mile radius:
(4) $47M+ in estimated annual consumer spending projected to grow by $10M+ from 2007 through 2012
(5) 8%+ of all households have incomes of at least $100K and projected to grow to 11%+ by 2012
(6) 21%+ higher average household effective buying income compared to the City of Brenham
¾-mile radius:
(7) 35%+ of Brenham population lives within this radius
(8) $90M+ in estimated consumer spending will exceed $100M+ by 2012
(9) 7%+ in growth in estimated annual family incomes of at least $150,000 ranks #1 in all eight geographic areas analyzed
1-mile radius:
(10) 30%+ higher percentage of projected annual population growth compared to City of Brenham
(11) 49.54% of Brenham’s population lives within this radius
(12) Estimated annual consumer will approach $150M (projected at $147M+) by 2012
2-mile radius:
(13) Greater population than City of Brenham
(14) $225M+ in annual consumer spending projected to grow by $50M+ from 2007 to 2012
(15) $47K+ in estimated annual household income in 2007 projected to grow by 1.8%+ per year from 2007 through 2012
3-mile radius:
(16) $250M+ in annual consumer spending projected to exceed $300M+ before 2012
(17) 18% greater population than City of Brenham
(18) Average annual household income of $48,000+ in 2007 projected to average over $52,000 by 2012
Washington County:
(19) 32,000+ estimated annual population projected to grow by 0.89% per year from 2007 to 2012
(20) $558M+ estimated annual consumer spending in 2007 projected to exceed $700M by 2012
(21) $54,000+ estimated annual income projected to exceed $60,000 by 2013
AVAILABLE REPORTS
The demographic and econometric reports utilized for the above information and graphics in this listing are available upon request are at the LoopNet link.
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DISCLOSURE OF RELATIONSHIP BETWEEN ALEXANDER TIFFANY, LLC (AT) AND COLDWELL BANKER COMMERCIAL PROPERTIES UNLIMITED (CBC Brenham)
AT is an owner of the company that owns CBC Brenham. AT provides ownership transaction services, private equity, management, financing and consulting to affiliates and clients. Ownership transaction services include managing the buying and selling of privately held businesses.
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