GOLDEN TRIANGLE MALL - LoopNet€¦ · Golden Triangle Mall benefits from its key location in the...
Transcript of GOLDEN TRIANGLE MALL - LoopNet€¦ · Golden Triangle Mall benefits from its key location in the...
GOLDEN TRIANGLE MALL | 2201 S IH-35 E, DENTON, TX 76205
FeaturesGolden Triangle Mall benefits from its key location in the fast-growing Denton, Texas trade area, an epicenter of booming residential growth in the D-FW MSA. Within the trade area, the population has increased a phenomenal 97.5 percent since 2000. Today, the trade area incorporates approximate-ly 360,000 people in more than 120,000 households. Impressively, those households report strong household incomes of $87,938.• Daytime population: 312,322• 314 stores within a 2-mile radius totaling more than 2.7 million SF• Alcohol sales: $9,150,133
SPACE FOR LEASETOTAL SF: 784,200
MIN CONTIGUOUS SF: 400
MAX CONTIGUOUS SF: 30,000
The information was obtained from sources deemed reliable; however, Weitzman has not verified it and makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease, or withdrawal without notice. You and your advisors should conduct a careful independent investigation of the property to determine if it is suitable for your intended purpose.
Demographics YEAR: 2017 3 MILE 5 MILE 10 MILE TRADE AREA
Total Population 84,996 155,064 293,344 360,145
Total Households 29,341 52,684 98,489 120,310
Average HH Income $67,165 $74,549 $96,943 $87,938
5 Year Population Growth 16.6% 15.8% 18.1% 18.7%
Steve [email protected]
Traffic Counts
IH-35 147,282 VPD
Loop 288 46,284 VPD
GOLDEN TRIANGLE MALL | EXECUTIVE SUMMARY
DEMOGRAPHICS
The Golden Triangle Mall trade area offers:
Density: 2017 Population5-mile 155,06410-mile 293,344Trade area 360,145
Growth: Population Growth (2000-2017)5-mile 58.5%10-mile 75.0%Trade area 97.5%
Wealth: Avg HH income5-mile $74,54910-mile $96,943Trade area $87,938
Traffic throughout the day: Daytime Population5-mile 147,14010-mile 254,974Trade area 312,322
ONE OF THE TOP 25
FASTEST GROWING US CITIES
POPULATION GROWTH
2000-201797.5%
120,310TOTAL HOUSEHOLDS360,145
2017 POPULATION
AVG HOUSEHOLD INCOME $87,938
POPULATION PROJECTED TO GROW TO 427K BY 2022
YOUNG POPULATION28%
50,000+COLLEGE POPULATION
NO SPECIALTY COMPETITION
PRIOR TO MALL PURCHASE $290 psf
9,200NEW HOUSING (2012-17)
GOLDEN TRIANGLE MALL | MARKET FACTS
GOLDEN TRIANGLE MALL TRADE AREA
UNDER AGE 20
HOMES BUILT, PLANNED OR UNDER CONSTRUCTION
STRONG INLINE SALES
CURRENT SALES $415 psf
28NATIONAL RETAILERS INVESTING
ONLY MALL WITHIN AMINUTE DRIVE TIME 25
NEW NATIONAL TENANTS OR STORES REMODELED TO THE LATEST PROTOTYPE
Renovation included
• Construct new exterior facade
• Redesign and enhance mall entrances
• New exterior landscaping and graphics
• Renovate mall common area
• Open the existing ceiling to provide more natural light
• Additional lights to create a warmer shopping experience
• New amenities including furniture, interior landscape, fixtures and directories
• Upgrade tenant storefronts to match newest prototypes
• New property graphics program
• Added free Wi-Fi throughout the property
• Remodeled children’s play area
Project DetailsRegional Enclosed Mall, Built in 1980Location: NEC of IH-35 & Loop 288Denton, TexasRenovated in 2015Total Mall GLA: 784,200 SFOccupancy: 96%
OVER 90 SPECIALTY STORES & RESTAURANTS INCLUDING
OUTPARCELS
ANCHORS
GOLDEN TRIANGLE MALL | AT A GLANCE
Men’s
RestaurantPylon Sign
(46,284 vpd)
(5,000 vpd)
(147,280 vpd)
(7,000 vpd)
FUTURE PAD
The information was obtained from sources deemed reliable; however, Weitzman has not verified it and makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease, or withdrawal without notice. You and your advisors should conduct a careful independent investigation of the property to determine if it is suitable for your intended purpose.
GOLDEN TRIANGLE MALL | SITE PLAN
AERIAL & LOCATION MAP
DFWAirport
DallasFort Worth
DentonGolden Triangle Mall
20
20
2020
3030
30
35E
45
45
35E
35E
35W
35W
820
635
35W
75
75
67175
175
287
377
287
77
287
69
69
121
v
288
www.shopgoldentriangle.com
AERIAL VIEW
147,282 vpd
46,284 vpd
INFORMATION ABOUT BROKERAGE SERVICESTexas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
REGULATED BY THE TEXAS REAL ESTATE COMMISSION INFORMATION AVAILABLE AT WWW.TREC.TEXAS.GOVIABS 1-011-2-2015
TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage
actives, including acts performed by salesagents sponsored by the broker.
• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):• Put the interests of the client above all others,
including the broker’s own interests;• Inform the client of any material information
on about the property or transaction received by the broker;
• Answer the client’s questions and present any offer to or counter-offer from the client; and
• Treat all par es to a real estate transaction honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listening to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must first obtain the written agreement of each party
to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:• Must treat all par es to the transaction
impartially and fairly;• May, with the par es’ written consent, appoint
a different license holder associated with the broker to each party (owner andbuyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.
• Must not, unless specifically authorized in writing to do so by the party, disclose:
° that the owner will accept a price less than the written asking price; ° that the buyer/tenant will pay a price
greater than the price submitted in a written offer; and ° any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• The broker’s duties and responsibilities
to you, and your obligations under the representation agreement.
• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.
The Weitzman Group 402795 [email protected] 214-954-0600Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone
Robert E. Young, Jr. 292229 [email protected] 214-720-6688Designated Broker of Firm License No. Email Phone
Byron Keener Howard 587083 [email protected] (214) 720-6645
Licensed Supervisor of Sales Agent/ Associate License No. Email Phone
Sales Agent/Associate’s Name License No. Email Phone
Buyer/Tenant/Seller/Landlord Initials Date