US HWY 290 at Nicholson Lake spans 7.5+ acres with coveted HWY curb cut and HWY cross-over. 1,260+ est. frontage. 18 elevation above HWY. No zoning. Potential 25% owner 2nd at 5.5% interest. 6% BBC.
HIGHLIGHTS
(1) In prestigious Chappell Hill on US HWY 290 the primary Austin-Houston corridor in the well regarded Brenham ISD, 6% BBC
(2) 7+ acres, HWY curb cut, 1,260' frontage, 18' elevation above HWY grade
(3) Possible 25% owner 2nd loan at 5.5%, 30-year amortization., 5-year balloon with $319 est. monthly P&I
(4) .66 mi. W of Chappell Hill, 6 mi. E of Brenham, 48 mi. NW of Houston, 50 mi. SW of College Station and 93 mi. E of Austin
(5) Outstanding demographics including high net worth and home values, high % growth in home values and low unemployment
(6) Washington County has $1B+ vibrant economy, very low unemployment and high net worth and home value
PROPERTY
(7) Acreage: 7...
(7) Acreage: 7.51* +/- acres
(8) US HWY 290 curb cuts: One
(9) Nicholson Lake Road curb cuts: One
(10) US HWY 290 frontage: 417.25*
(11) Nicholson Lake RD frontage: 744.04*
(12) Depth on west property line: 745.85*
(13) Depth on east property line: 546.25*
(14) Property width: 470.72*
(15) US HWY 290 road bed elevation: 287*
(16) Elevations: 292* to 315*
(17) Flood plain: No
HIGHEST AND BEST USE
Following based on CCIM retail gap analysis at a 10-minute drive-time projected annual unmet local retail demand. NOTE does not include traveler/commuter demand.
(18) Highest and best use: Convenience store with $4.8M unmet local demand
(19) Top retail opportunities:
(a) Grocery store: $1.8M+ total; $1,686 per household (HH); $669 per person (PP)
(b) Gasoline Station: $1.8M+ total; $1,659 per HH; $658 PP
(c) Food & Beverage Store: $1.2M+ total; $1,164 per HH; $462 PP
(d) Furniture Store: $380K+ total; $356 per HH; $141 PP
(e) Special Food Services: $370K+ total; $344 per HH; $136 PP
(f) Health & Personal Care: $250K+ total; $236 per HH; $94 PP
(g) Clothing & Accessories: $180K total; $166 per HH; $66 PP
(20) Top 3 opportunities average: $1.6M+ total; $1,503 per HH; $596 PP
(21) Top 5 opportunities average: $1.1M+ total; $1,042 per HH; $413 PP
(22) Top 10 opportunities average: $700K+ total; $651 per HH; $258 PP
LOCATION
(23) 0.6 mi. W of Chappell Hill US HWY 290 and FM 1155 RD red light.
(24) 6 mi. E of Brenham: from US HWY 290 and FM 577 Road/Gun & Rod Road
(25) 48 mi. W of Northwest Houston (Jersey Village): from US 290 HWY and the Beltway
(26) 93 mi. east of Austin: from I 35 and US HWY 290 interchange
(27) Airport access: 48 mi. to Easter Wood in College Station (CLL), 69 mi. to Houston Bush (IAH), 75 mi. to Houston Hobby (HOU) and 92 mi. to Austin Bergstrom (AUS)
(28) 20,184 average daily two way traffic by TXDOT
POSSIBLE 25% SUBORDINATED OWNER SECOND LOAN
Depending on terms, qualifications and other factors, the owner may provide a 25% owner subordinated 2nd loan at 5.5% interest, 30-year amortization and 5-year balloon.
(29) Estimated payments: Based on $224,256, sale price, loan is $56,064 with $319 estimated P&I and $52,778 estimated balloon.
(30) Source: Bank Rate Monitor
6% BUYER BROKER COMMISSION
A buyer broker does NOT have to accompany on ANY showing.
CONTACT INFORMATION
Call 1.979.421.9996 to set up an appointment or to request information.
DEMOGRAPHICS
At a 1-mi. radius, compared to ALL Benchmarks*, area has:
(31) Lowest unemployment
(32) Highest average net worth
(33) Highest % $1M+ home values
(34) Highest % homes for vocational, recreational or seasonal use
(35) Highest average mortgage
(36) 2nd highest average home values
*Benchmarks: 1-mile radius; 5-mile radius; Chappell Hill-Washington Census Tract; 77426 zip code (Chappell Hill area zip); Brenham, 77833 (primary Washington County zip), Washington County, the Houston DMA, Texas and the U.S.
LINKS
New Plans URLs
(37) Presentation:
(38) Photo gallery:
(39) Interactive:
Key Listing URLs
(40) CBC Worldwide:
(41) LoopNet:
(42) LoopNet Enhanced Website:
(43) Lands of America:
(44) Other primary real estate listing sites: Catalyst, Catylyst, CCIM, CIMLS, Commercial Gateway, Commercial IQ, Commercial Source, E List It, Estately, Globe Street, Google Base, HAR, Home Finder, Land Broker, Land Farm and Ranch, Lands of Texas, Letting Agent, Move Channel, Movoto, MyIRENS, Point 2 Homes, Postlets, Property Line, Property Showcase International, Proxio, Real Estate Funding , Real Up, Red Fin, Trulia, World MLS, Zillow
(45) Wall Street Journal, New York Times, Los Angeles Times, Washington Post, Chicago Tribune, 323 others:
(46) 39 Regional US business Journals:
Social Media URLs
(47) You Tube video:
(48) Facebook fan page:
(49) Word Press blog:
(50) Other primary blogs: Twitter, Linked In (1,196 Groups & Subgroups), Plaxo (983 Networks), Plaxo Pulse, Active Rain, AIM Status, Bebo, Blogger, Bright Kite, Broker Agent Social, Delicious, Flickr, Friend Feed, Glozal, GTalk Status, Google+, Google Buzz, Identi.ca, Jaiku, Multiply, My Space, My Yearbook, Ning, Photobucket, Plurk, Street Mavens, Tumblr, USHI, Yammer, Yahoo Profiles, You Are, Zuklu
Custom Packs URLs
(51) Google map:
(52) Offering pack: Available on request in 88 languages and dialects.
If any link does not connect, copy and paste into your web browser. Call or email for help.
CCIM REPORTS AND LISTING ANALYSIS
(53) CCIM reports: 2,138 underlying CCIM reports available on request
(54) CBC Southwest packs: 11 packs available on selected websites and on request
(55) Defined and published source data: Unless noted all data from Certified Commercial Investment Member (CCIM) Institute
DISCLOSURES & COPYRIGHTS
Coldwell Banker Commercial Southwest Partners is a wholly owned franchise of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions-stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited.