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EXTRAORDINARY PRICE REDUCTION ON TRACT 1 AND TRACT 2
The Retail Commerial Division and Land Division of Coldwell Banker Commercial Properties Unlimited of Brenham (CBC Brenham) are very pleased to announce this tremendous investment opportunity.
Pricing on the combined Tracts 1 and 2 is $5.35 per square foot for a combined price of $775,000.
LISTING BROKER CONTACT INFORMATION
Call listing Broker Lindi Surovik on her direct line at 979-421-9936.
Tract 1
To facilitate an immediate sale, the price has been reduced has been reduced by 16.7% from $8.00 per square foot to $6.67 per square foot for an individual price of $425,000.
See Lands of America listing # 94765.
Tract 2
To facilitate an immediate sale, the price has been reduced has been reduced by 33% from $6.50 per square foot to $4.32 per square foot for a individual price of $350,000.
See Lands of America listing # 9...
See Lands of America listing # 94831.
HIGHLIGHTS
(1) Great opportunity to be on US 290 in Brenham on the desirable north side of US 290 (incoming traffic from Houston)
(2) Excellent visibility from US 290 enhanced by a 10’+ elevation above the US 290 grade
(3) Current average daily two-way traffic count of 34,500 projected to exceed 50,000 within 5 years
(4) 19 retail opportunities identified where current demand exceeds current supply, within a 1 mile radius by an annual average of $465+K in revenues
(5) Excellent demographics, econometrics and proximity to support most retail, medical or other professional businesses
LISTING BROKER CONTACT INFORMATION
Call listing Broker Lindi Surovik on her direct line at 979.421.9936 or through the Coldwell Banker Commercial Properties Unlimited office at 979.421.9996.
LOCATION
Current traffic count estimated at 34,500 today and projected to exceed 50,000 within 5 years.
Great visibility with elevation of over 10’+ above US 290 grade.
Perfect location for businesses requiring proximity to major retailers and a location on a major highway.
Immediate business neighbors from the intersection of US 290 E and Business US 290 (just east of this tract):
(1) Tractor Supply Company
(2) Washington County Tractor Company
(3) McCoy’s Lumber
(4) Best Western Inn
(5) Germania Insurance Company’s home office campus
Within 1 mile of:
(1) Walmart
(2) Trinity Medical Center campus
(3) Home Depot
(4) Lowes
(5) HEB
(6) CVS
(7) Walgreens
(8) Chili’s
(9) Starbucks
(10) Applebees
(11) McDonalds
(12) Wendy’s
(13) KFC
(14) Chi’ Chi’s
(15) Ci’ Ci’s Pizza
(16) Tegeler Toyota
(17) La Roach GM dealerships (Cadillac, GMC and Chevrolet)
(18) Several other retailers, services and food establishments
Within the past year, Walgreens, Starbucks, and Discount Tire opened within a 1 mile radius.
New projects in development within 1.2 miles include La Quinta Inn and Suites, Hampton Inn and Suites and Popeye’s, and Aaron's.
IMMEDIATE AND SUBSTANTIAL UNMET RETAIL DEMAND DEFINED
Alexander Tiffany, LLC (AT) performed retail gap analysis on behalf of CBC Brenham.
AT analysis identified the top 19 retail opportunities where current demand exceeds current supply have the following indicators:
(1) $210+K annual average revenues at 1 mile radius
(2) $465+K annual average revenues at 1½ mile radius
(3) $610+K annual average revenues at 2 mile radius
DEMOGRAPHICS AND ECONOMETRICS
AT analysis suggests there are outstanding econometrics and demographics to support retail, medical or other professional businesses.
Within a 1 mile radius:
(1) Analysis indicates 350+% higher average annual population percentage growth than Brenham
(2) Analysis indicates 2007 effective buying income is 21+% higher than Brenham
Within a 1½ mile radius:
(3) Analysis indicates 2007 percentage of annual estimated family incomes of at least $100,000 is 40+% higher than Brenham
(4) Analysis indicates 206+% higher average annual household percentage growth percentage than Brenham
Within a 2 mile radius:
(5) Analysis indicates the equivalent of 65+% of Brenham population lives within this radius
(6) Analysis indicates the equivalent of 71+% of Brenham total estimated consumer spending lives within this radius
Washington County
(7) Analysis indicates almost 1% (0.89%) annual population growth from 2007 to 2012
(8) Analysis indicates almost 1/8th (11.49%) of households have annual incomes of at least $100,000 by 2012
Detailed demographic and econometric reports are available at the virtual website.
DISCLOSURE OF RELATIONSHIP BETWEEN ALEXANDER TIFFANY AND COLDWELL BANKER COMMERCIAL PROPERTIES UNLIMITED
AT is an owner of the company that owns CBC Brenham. The parent of AT is also an owner of 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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