15-Year NNN Lease - NNNDeal.comnnndeal.com/media/Caliber-Collision-Durham-NC-OM.pdf ·...
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OFFERING MEMORANDUM 15-Year NNN Lease DURHAM NORTH CAROLINA
Transcript of 15-Year NNN Lease - NNNDeal.comnnndeal.com/media/Caliber-Collision-Durham-NC-OM.pdf ·...
O F F E R I N G M E M O R A N D U M
15-Year NNN Lease
D U R H A M N O R T H C A R O L I N A
CONFIDENTIALITY AND DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
NON-ENDORSEMENT NOTICEMarcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of w, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.
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Congaree Swamp NM
Chattahoochee River NRA
KennesawMountain NBP
Ninety Six NHS
Cape Lookout NS
Cowpens NB KingsMountainNMP
Great Smoky Mountains NP Cape
Hatteras NS
Obed Wild andScenic River
Blue Ridge Parkway
Cumberland Gap NHP Big South ForkNR and NRA
South River
Black R.
Nottoway R.
Meherrin River
Powell River
Cape Fear R
Great Pee D
ee R.
Brood R.
Savannah R.
Roanoke R.
Tar R.
Holston River
Clinch River
Neuse River
Pamlico River
L. Hickory
L. James
L. Mattamuskeet
Boone L.
L. Burton
Chatuge L.
Fontana L.
Fort Loudoun L.
L. Greenwood
High Rock L.
L. Jocassee
L. Keowee
Roxboro L.
South Holston L.
L. Tillery
Watauga L.
Wateree L.
L. Wylie
Roanoke Rapids L.
Brenau L.
Cherokee L.
Clark Hill L.
L. Cumberland
Douglas L.
Hartwell Res.
John H. Kerr Res.
L. Marion
L. Murray
L. Norman
L. Sidney Lanier
Albemarle Sound
Pamlico Sound
A t l a n t i c O c e a n
Ahoskie
Apex
Beaufort
Butner
Carolina Beach
Clayton
Elkin
Fairmont
Farmville
Franklin
James City
Lincolnton
Louisburg
Madison
Mars Hill
Mount Olive
Murfreesboro
Murphy
Plymouth
Raeford
Rosewood
Scotland Neck
Siler City
Southport
Spindale
Spruce Pine
Stanley
Tabor City
Wake Forest
Wallace
Warsaw
Wrightsville Beach
Zebulon
Brevard
ClemmonsEdenton
Mount Airy
Oxford
Rockingham
Roxboro
Smithfield
Spring Lake
Washington
Whiteville
Arcadia
Batesburg
Calhoun Falls
Kingstree
Landrum
Loris
Lugoff
Manning
Pageland
Springfield
St. Matthews
Surfside Beach
Travelers Rest
Whitmire
Williamston
Winnsboro
Bennettsville
Cheraw
Chester
Darlington
DillonHartsville
Lake City
Lancaster
NewberryCanton
Chatsworth
Cornelia
Dallas
Greensboro
Royston
Washington
Woodstock
Calhoun
Elberton
Winder
Etowah
Gatlinburg
Jamestown
Loudon
Mountain CityOneida
Rogersville
Spurgeon
Sweetwater
Tazewell
Clinton
Jefferson City
La Follette
Newport
Barbourville
HarlanMonticello
Bassett
Big Stone Gap
Chase City
EmporiaGate City
Hillsville
Lebanon
Rocky Mount
South Hill
Franklin
Galax South Boston
Wytheville
Camp Lejeune
Chapel Hill
Gastonia
Goldsboro
Greenville
Kannapolis
Kinston
Rocky Mount
Wilmington
Wilson
Albemarle
Asheboro
Boone
Cary
Concord
Eden
Elizabeth City
Havelock
Henderson
Hickory
JacksonvilleLaurinburg
Lenoir
Lexington
Lumberton
Monroe
Morganton
New Bern
Reidsville
Roanoke Rapids
Salisbury
Sanford
Shelby
Statesville
Thomasville
Anderson
Florence
Rock HillSpartanburg
Aiken
Berea
Cayce
Conway
Dentsville
Easley
Gaffney
Greenwood
Laurens
Myrtle Beach
Orangeburg
Seven Oaks
Sumter
Union
AthensMarietta
Tucker
Belvedere Park
Covington
Dalton
Dunwoody
Forest Park
Gainesville
Martinez
Panthersville
Roswell
Cleveland
Johnson City
Kingsport
Oak Ridge
Athens
Bristol
Cedar Bluff
Elizabethton
GreenevilleHalls
Maryville
Morristown
Middlesborough
Danville
Martinsville
Durham
GreensboroWinston-Salem
Asheville
Fayetteville
High Point
Greenville
Knoxville
Chesapeake
Portsmouth
Charlotte
Norfolk
Virginia Beach
Raleigh
Columbia
Atlanta
Georgia
Kentucky
SouthCarolina
Tennessee
Virginia
NORTHCAROLINA
Investment Summary .........................................1
Investment Highlights.........................................3
Aerial Map .........................................................4
Site Plan ............................................................5
Tenant Summary ................................................7
Location Highlights .............................................9
Location Map ...................................................11
Demographics/Area Map .................................12
TABLE OF CONTENTS
O V E R V I E W
Price $4,721,000
Gross Leasable Area (GLA) 16,731 SF
Lot Size (approx.) 1.73 Acres
Net Operating Income $287,732
CAP Rate 5.81%
Year Built 1993/2018
L E A S E A B S T R A C T
Lease Type Absolute NNN
Lease Term 15 Years
Lease Start Estimated 6/21/2018
Renewal Options 2x5
Increases 10% every 5 years
Roof & Structure Tenant
A n n u a l i z e d O p e r a t i n g D a t a
Lease Term Annual Rent
Years 1-5 $287,732
Years 6-10 $316,505
Years 11-15 $348,156
Option 1 $382,971
816 E RAMSEUR, DURHAM, NORTH CAROLINA 27701
PRICE: $4,950,000 CAP: 5.81% RENT: $287,732
INVESTMENT SUMMARY
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INVESTMENT HIGHLIGHTS ❖ $4,950,000
❖ 15 year NNN lease deliverable in July 2018
❖ Completely renovated building
❖ Inflation resistant with ten percent (10%) rent escalations every five years, including option periods
❖ Strategically located directly off freeway 147 at the Fayetteville street exit in the heart of massive urban redevelopment including a $60 (mil) police HQ development project
❖ Near multiple auto dealerships a natural feeder to Caliber
❖ Located just blocks from Duke University campus and the gentrified American Tobacco Campus and retail region
❖ The Mark at Durham One, two blocks from the site, is a new multifamily project that will take up 4 acres and 308 units
78,000 VPD
191,316 TOTAL POPULATION WITHIN 5-MILE RADIUS
$63,791AVERAGE HOUSEHOLD INCOME
- FREEWAY 147
14,000 VPD - FAYETTEVILLE STREET
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HWY 147 - 78,000 VPD
E PETTIGREW
STREET
Walgreens
Durham CourthouseDurham Bulls
Athletic Park
McDonald’sMuseum Hotel
2 Miles
The Mark at Durham One
Future Police Headquarters
County Health & Human Services
1 Mile
Future Light Rail Station
Durham County Courthouse
FAYETTEVILLE STREET - 14,000 VPD
E
LIZA
BE
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ET
4
5
E RAMSEUR STREET
SITE PLAN
HW
Y 14
7 - 7
8,00
0 VP
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FAYETTEVILLE STREET - 14,000 VPD
Durham Courthouse
Durham Bulls Athletic Park
1 Mile
Future Light Rail Station
Durham County Courthouse
Future Police Headquarters
Hospital
Main Campus
Museum Hotel
East Campus
Historic Bulls Ballpark
The Mark at Durham One
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CALIBER COLLISION
PARENT COMPANY:OMERS has been the parent company for Caliber Collision since 2013.
OMERS Private Equity (Toronto, Canada & Lewisville, Texas): A Worldwide company. OMERS Private Equity has been making private equity investments since 1987 on behalf of OMERS, one of Canada’s largest pension plans with in excess of $60.8 billion of assets. They manage over $6.5 billion of investments globally. Being part of a pension fund has its advantages. It affords the ability to focus on investing in businesses for long-term value creation rather than near-term earnings. Capital is readily available eliminating the need to fundraiser. It also provides the opportunity to leverage the relationships of the other investment entities and resources of OMERS. OMERS bought Caliber Collision repair services in November 2013. Caliber is one of the largest independent provider of auto collision repair services in the United States with a network of 157 collision centers located in California, Texas, Arizona, Nevada, Oklahoma, and Colorado. The Company has approximately 3,700 employees and repairs more than 285,000 vehicles annually.
OMERS Administrative Corp – Standard & Poor’s AA+ Rated
Moody’s Rated B2
TENANT SUMMARY
LEWISVILLE, TXHEADQUARTERS
OWNERSHIP INDUSTRY
LOCATIONSFOUNDED
AUTOMOTIVE
500+/-1997
PRIVATE
CEO
STEVE GRIMSHAW
PRESIDENT/COO
MARK SANDERS
CALIBER COLLISION
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CALIBER COLLISION CENTERSCaliber Collision Centers is the largest collision repair company in America with more than 500 I-CAR Gold Class Professional certified collision repair centers across 18 states. Caliber is consistently ranked among the highest in customer satisfaction in the industry and backs all repair work with a written, lifetime warranty available at any of its 500+ repair centers. The company repairs more than 450,000 vehicles annually. Caliber Collision has undergone rapid recent growth by aggressively acquiring various local autobody repair shops. Caliber Collision has developed strategic partnerships with 57 car dealerships throughout the U.S. in addition to 34 insurance carriers, which include AAA, GEICO, Farmers, Liberty Mutual, Allstate, and USAA.
❖ Caliber has strategic partnerships with 57 car dealerships throughout the US
❖ Caliber has contracted with 34 insurance carriers
AMERICA’S LARGEST COLLISION REPAIR COMPANYOWNERSHIP BREAKDOWN
SubsidiariesCaliber Bodyworks of Arizona, Inc.
Caliber Bodyworks of Colorado, Inc.Caliber Bodyworks of DC, Inc.
Caliber Bodyworks of Delaware, Inc.Caliber Bodyworks of Florida, Inc.Caliber Bodyworks of Georgia, Inc.
Caliber Bodyworks of Maryland, Inc.Caliber Bodyworks of Nevada, Inc.
Caliber Bodyworks of New Jersey, Inc.Caliber Bodyworks of New Mexico, Inc.
Caliber Bodyworks of North Carolina, Inc.Caliber Bodyworks of Oklahoma, Inc.
Caliber Bodyworks of Pennsylvania, Inc.Caliber Bodyworks of South Carolina, Inc.
Caliber Bodyworks of Texas, Inc.Caliber Bodyworks of Virginia, Inc.
Caliber Bodyworks of West Virginia, Inc.
Credit Rating(Moody's)
"B2"
Credit Rating(S&P)"AA+"
OMERSPrivate Equity Division
$85 Billion in Net AssetsMajority Owners
Caliber Collision Management
Credit Rating(S&P)"B"
CH Holding CorpGuarantor of Lease
+ 500 /-LOCATIONS
$1.65 Billion2016 REVENUE
450,000+VEHICLES REPAIRED ANNUALLY
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Congaree Swamp NM
Chattahoochee River NRA
KennesawMountain NBP
Ninety Six NHS
Cape Lookout NS
Cowpens NB KingsMountainNMP
Great Smoky Mountains NP Cape
Hatteras NS
Obed Wild andScenic River
Blue Ridge Parkway
Cumberland Gap NHP Big South ForkNR and NRA
South River
Black R.
Nottoway R.
Meherrin River
Powell River
Cape Fear R
Great Pee D
ee R.
Brood R.
Savannah R.
Roanoke R.Tar R.
Holston River
Clinch River
Neuse River
Pamlico River
L. Hickory
L. James
L. Mattamuskeet
Boone L.
L. Burton
Chatuge L.
Fontana L.
Fort Loudoun L.
L. Greenwood
High Rock L.
L. Jocassee
L. Keowee
Roxboro L.
South Holston L.
L. Tillery
Watauga L.
Wateree L.
L. Wylie
Roanoke Rapids L.
Brenau L.
Cherokee L.
Clark Hill L.
L. Cumberland
Douglas L.
Hartwell Res.
John H. Kerr Res.
L. Marion
L. Murray
L. Norman
L. Sidney Lanier
Albemarle Sound
Pamlico Sound
A t l a n t i c O c e a n
Ahoskie
Apex
Beaufort
Butner
Carolina Beach
Clayton
Elkin
Fairmont
Farmville
Franklin
James City
Lincolnton
Louisburg
Madison
Mars Hill
Mount Olive
Murfreesboro
Murphy
Plymouth
Raeford
Rosewood
Scotland Neck
Siler City
Southport
Spindale
Spruce Pine
Stanley
Tabor City
Wake Forest
Wallace
Warsaw
Wrightsville Beach
Zebulon
Brevard
ClemmonsEdenton
Mount Airy
Oxford
Rockingham
Roxboro
Smithfield
Spring Lake
Washington
Whiteville
Arcadia
Batesburg
Calhoun Falls
Kingstree
Landrum
Loris
Lugoff
Manning
Pageland
Springfield
St. Matthews
Surfside Beach
Travelers Rest
Whitmire
Williamston
Winnsboro
Bennettsville
Cheraw
Chester
Darlington
DillonHartsville
Lake City
Lancaster
NewberryCanton
Chatsworth
Cornelia
Dallas
Greensboro
Royston
Washington
Woodstock
Calhoun
Elberton
Winder
Etowah
Gatlinburg
Jamestown
Loudon
Mountain CityOneida
Rogersville
Spurgeon
Sweetwater
Tazewell
Clinton
Jefferson City
La Follette
Newport
Barbourville
HarlanMonticello
Bassett
Big Stone Gap
Chase City
EmporiaGate City
Hillsville
Lebanon
Rocky Mount
South Hill
Franklin
Galax South Boston
Wytheville
Camp Lejeune
Chapel Hill
Gastonia
Goldsboro
Greenville
Kannapolis
Kinston
Rocky Mount
Wilmington
Wilson
Albemarle
Asheboro
Boone
Cary
Concord
Eden
Elizabeth City
Havelock
Henderson
Hickory
JacksonvilleLaurinburg
Lenoir
Lexington
Lumberton
Monroe
Morganton
New Bern
Reidsville
Roanoke Rapids
Salisbury
Sanford
Shelby
Statesville
Thomasville
Anderson
Florence
Rock HillSpartanburg
Aiken
Berea
Cayce
Conway
Dentsville
Easley
Gaffney
Greenwood
Laurens
Myrtle Beach
Orangeburg
Seven Oaks
Sumter
Union
AthensMarietta
Tucker
Belvedere Park
Covington
Dalton
Dunwoody
Forest Park
Gainesville
Martinez
Panthersville
Roswell
Cleveland
Johnson City
Kingsport
Oak Ridge
Athens
Bristol
Cedar Bluff
Elizabethton
GreenevilleHalls
Maryville
Morristown
Middlesborough
Danville
Martinsville
Durham
GreensboroWinston-Salem
Asheville
Fayetteville
High Point
Greenville
Knoxville
Chesapeake
Portsmouth
Charlotte
Norfolk
Virginia Beach
Raleigh
Columbia
Atlanta
Georgia
Kentucky
SouthCarolina
Tennessee
Virginia
NORTHCAROLINA
LOCATION HIGHLIGHTS
Durham is ranked #2 of America’s fastest growing
metropolitan areas
Forbes Magazine named the Triangle as part of the top 10
up-and-coming cities for entrepreneurs
in the U.S.
Regentrified area with massive redevelopment
underway including Police HQ located across
the street from the site
Located directly off Freeway 147 with a
traffic count of 78,000
DURHAM, NORTH CAROLINAHOME TO DUKE UNIVERSITY
M A J O R E M P L O Y E R S : 2 0 1 7D U R H A M , N C
Duke University and Medical Center 37,142
International Business Machines 7,000
Durham Public Schools 4,600
Blue Cross Blue Shield of North Carolina 4,000
Fidelity Investments 3,700
Quintiles Transnational Corporation 3,000
Cree, Inc. 2,600
Durham City Government 2,466
GlaxoSmithkline, Inc. 2,400
Research Triangle Institute 2,200
24 Miles to Raleigh
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Durham, North Carolina, is the fourth most populated city in the state of North Carolina. It is the home of the world famous and highly regarded Duke University, and North Carolina Central University.
Originally known as a Tobacco Town, Durham has grown well beyond its roots and the tobacco districts have been revitalized. The region has enjoyed an economic and cultural renaissance of sorts.
Having partnered with developers from around the world, Durham, has constructed the Durham Performing Arts Center and the new Durham Bulls Athletic Park, as well as regentrified the American Tobacco Historic District.
The area is peppered with a number of restaurants, entertainment venues and office spaced geared towards high tech entrepreneurs, investors and startups. The district is slated for expansion featuring 158,000 square feet of offices, retail and mixed use residential and hotel space. Kicked off by the development of One City Center, a cosmopolitan mixed use and expansive project made up of high end apartments, retail and office space designed to be a lifestyle oasis. All of this contributes to the hustle and bustle of this thriving and historic region.
❖ Ranked #2 of America’s 20 fastest growing metro-centers in the United States
❖ Ranked #33 for U.S. Tech Startups
❖ Ranked #10 on the ‘Best Places for Business and Career’ in 2013
❖ Ranked #6 on America’s Top 10 cities for small business
❖ Ranked #2 in the Top 10 small American Cities of the future
❖ Ranked #1 among America’s leading creative class metropolitans
❖ Ranked #1 in the country for pay equality by 247wallst.com
❖ Ranked #13 as One of the Best Places to Live in the United States by U.S. News.
❖ FORBES named the Triangle as part of the 10-up and coming cities for entrepreneurs
DURHAM,NORTH CAROLINA
❖ “U.S. News’ Report: The Lure of Raleigh & Durham, NC”
(Click here to read the article)
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ResearchTriangle Park
Falls LakeState
Recreation Area
RALEIGH
DURHAM
HAMPTON
BAHAMA
HEATHER GLEN
BRAGGTOWN
JOYLAND
OAK GROVE
BETHESDA
BLANDS
GENLEE
CLEGG
MORRISVILLE
CARY
MILLBROOK
FORESTVILLE
WAKE FOREST
FALLS
NEUSE
STERN
BUTNERCREEDMOOR
WILTON
GRISSOM
NEW LIGHT
YOUNGSVILLE
ROGUEMONT
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3 - M I L E R A D I U S
191,316Total Population
Within 5-Mile Radius
$63,791Average Household Income
Within 5-Mile Radius
$42,048Median Household Income
Within 5-Mile Radius
75,6 9 8Total Households Within
5-Mile Radius
27.59% From 2000
DEMOGRAPHICS / DURHAM, NC
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Congaree Swamp NM
Chattahoochee River NRA
KennesawMountain NBP
Ninety Six NHS
Cape Lookout NS
Cowpens NB KingsMountainNMP
Great Smoky Mountains NP Cape
Hatteras NS
Obed Wild andScenic River
Blue Ridge Parkway
Cumberland Gap NHP Big South ForkNR and NRA
South River
Black R.
Nottoway R.
Meherrin River
Powell River
Cape Fear R
Great Pee D
ee R.
Brood R.
Savannah R.
Roanoke R.
Tar R.
Holston River
Clinch River
Neuse River
Pamlico River
L. Hickory
L. James
L. Mattamuskeet
Boone L.
L. Burton
Chatuge L.
Fontana L.
Fort Loudoun L.
L. Greenwood
High Rock L.
L. Jocassee
L. Keowee
Roxboro L.
South Holston L.
L. Tillery
Watauga L.
Wateree L.
L. Wylie
Roanoke Rapids L.
Brenau L.
Cherokee L.
Clark Hill L.
L. Cumberland
Douglas L.
Hartwell Res.
John H. Kerr Res.
L. Marion
L. Murray
L. Norman
L. Sidney Lanier
Albemarle Sound
Pamlico Sound
A t l a n t i c O c e a n
Ahoskie
Apex
Beaufort
Butner
Carolina Beach
Clayton
Elkin
Fairmont
Farmville
Franklin
James City
Lincolnton
Louisburg
Madison
Mars Hill
Mount Olive
Murfreesboro
Murphy
Plymouth
Raeford
Rosewood
Scotland Neck
Siler City
Southport
Spindale
Spruce Pine
Stanley
Tabor City
Wake Forest
Wallace
Warsaw
Wrightsville Beach
Zebulon
Brevard
ClemmonsEdenton
Mount Airy
Oxford
Rockingham
Roxboro
Smithfield
Spring Lake
Washington
Whiteville
Arcadia
Batesburg
Calhoun Falls
Kingstree
Landrum
Loris
Lugoff
Manning
Pageland
Springfield
St. Matthews
Surfside Beach
Travelers Rest
Whitmire
Williamston
Winnsboro
Bennettsville
Cheraw
Chester
Darlington
DillonHartsville
Lake City
Lancaster
NewberryCanton
Chatsworth
Cornelia
Dallas
Greensboro
Royston
Washington
Woodstock
Calhoun
Elberton
Winder
Etowah
Gatlinburg
Jamestown
Loudon
Mountain CityOneida
Rogersville
Spurgeon
Sweetwater
Tazewell
Clinton
Jefferson City
La Follette
Newport
Barbourville
HarlanMonticello
Bassett
Big Stone Gap
Chase City
EmporiaGate City
Hillsville
Lebanon
Rocky Mount
South Hill
Franklin
Galax South Boston
Wytheville
Camp Lejeune
Chapel Hill
Gastonia
Goldsboro
Greenville
Kannapolis
Kinston
Rocky Mount
Wilmington
Wilson
Albemarle
Asheboro
Boone
Cary
Concord
Eden
Elizabeth City
Havelock
Henderson
Hickory
JacksonvilleLaurinburg
Lenoir
Lexington
Lumberton
Monroe
Morganton
New Bern
Reidsville
Roanoke Rapids
Salisbury
Sanford
Shelby
Statesville
Thomasville
Anderson
Florence
Rock HillSpartanburg
Aiken
Berea
Cayce
Conway
Dentsville
Easley
Gaffney
Greenwood
Laurens
Myrtle Beach
Orangeburg
Seven Oaks
Sumter
Union
AthensMarietta
Tucker
Belvedere Park
Covington
Dalton
Dunwoody
Forest Park
Gainesville
Martinez
Panthersville
Roswell
Cleveland
Johnson City
Kingsport
Oak Ridge
Athens
Bristol
Cedar Bluff
Elizabethton
GreenevilleHalls
Maryville
Morristown
Middlesborough
Danville
Martinsville
Durham
GreensboroWinston-Salem
Asheville
Fayetteville
High Point
Greenville
Knoxville
Chesapeake
Portsmouth
Charlotte
Norfolk
Virginia Beach
Raleigh
Columbia
Atlanta
Georgia
Kentucky
SouthCarolina
Tennessee
Virginia
NORTHCAROLINA
501
501
501
401
401
157
751
147
1004
1101
1600
1621
1639
540540
540
440
56
50
54
54
55
96
96
98
56
15
15
1570
70
1
64
1
85
85
40
40
ResearchTriangle Park
Falls LakeState
Recreation Area
RALEIGH
DURHAM
HAMPTON
BAHAMA
HEATHER GLEN
BRAGGTOWN
JOYLAND
OAK GROVE
BETHESDA
BLANDS
GENLEE
CLEGG
MORRISVILLE
CARY
MILLBROOK
FORESTVILLE
WAKE FOREST
FALLS
NEUSE
STERN
BUTNERCREEDMOOR
WILTON
GRISSOM
NEW LIGHT
YOUNGSVILLE
ROGUEMONT
12
POPULATION 1 MILE 3 MILES 5 MILES2022 Projection
Total Population 14,335 89,929 201,8592017 Estimate
Total Population 14,824 88,850 191,3162010 Census
Total Population 13,198 80,562 167,7082000 Census
Total Population 16,266 82,663 151,058Current Daytime Population
2017 Estimate 30,336 140,912 240,935
HOUSEHOLDS 1 MILE 3 MILES 5 MILES2022 Projection
Total Households 4,728 33,123 80,8572017 Estimate
Total Households 4,831 32,323 75,698
Average (Mean) Household Size 2.38 2.41 2.382010 Census
Total Households 4,350 29,631 66,6412000 Census
Total Households 5,203 30,229 59,331Occupied Units
2022 Projection 4,728 33,123 80,8572017 Estimate 5,911 35,925 81,718
HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES2017 Estimate
$150,000 or More 2.61% 5.56% 6.69%
$100,000 - $149,000 2.65% 6.89% 9.44%$75,000 - $99,999 3.99% 7.48% 9.86%$50,000 - $74,999 8.39% 13.86% 16.22%$35,000 - $49,999 10.47% 14.05% 14.95%Under $35,000 71.90% 52.15% 42.84%
Average Household Income $34,492 $53,962 $63,791
Median Household Income $19,201 $33,180 $42,048
Per Capita Income $12,809 $21,161 $26,027
HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILESTotal Average Household Retail Expenditure $39,647 $52,736 $59,174
Consumer Expenditure Top 10 CategoriesHousing $10,795 $14,450 $16,252Transportation $6,866 $9,016 $10,125Shelter $6,076 $7,972 $8,918Food $4,463 $5,932 $6,697Utilities $2,629 $3,261 $3,566Health Care $2,610 $3,410 $3,834Personal Insurance and Pensions $2,253 $4,126 $5,142Cash Contributions $2,151 $2,142 $2,198Entertainment $1,591 $2,120 $2,382Household Furnishings and Equipment $1,088 $1,750 $2,033
POPULATION PROFILE 1 MILE 3 MILES 5 MILESPopulation By Age
2017 Estimate Total Population 14,824 88,850 191,316Under 20 30.48% 28.63% 26.58%20 to 34 Years 25.68% 27.87% 27.17%35 to 39 Years 6.18% 6.97% 7.65%40 to 49 Years 11.90% 12.09% 12.60%50 to 64 Years 16.62% 15.42% 16.01%Age 65+ 9.12% 9.01% 10.00%Median Age 30.77 31.01 32.88
Population 25+ by Education Level2017 Estimate Population Age 25+ 8,815 53,815 124,232Elementary (0-8) 13.03% 7.93% 6.05%Some High School (9-11) 20.42% 12.12% 9.04%High School Graduate (12) 27.00% 22.55% 19.94%Some College (13-15) 17.38% 17.88% 17.85%Associate Degree Only 4.09% 4.48% 5.92%Bachelors Degree Only 8.45% 17.56% 21.67%Graduate Degree 7.61% 15.16% 17.99%
13
D U R H A M N O R T H C A R O L I N A
LIOR REGENSTREIFSENIOR MANAGING DIRECTOR INVESTMENTS
SENIOR DIRECTOR, NET LEASED PROPERTIES GROUPENCINO OFFICE
Tel: (818) 212-2730Fax: (818) 212-2710
[email protected]: CA 01267761
