Major Redevelopment – Anchored by Flagship 99 Ranch Market

SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas
Heather Nguyen | John Nguyen | Meredith McLeod-Cobb | 281.477.4300
Major Redevelopment – Anchored by Flagship 99 Ranch Market
Opening Fall 2015
Leasing | Tenant Representation | Development | Land Brokerage | Investment Sales | Property Management
8827 W. Sam Houston Parkway N. | Suite 200 | Houston, Texas 77040
Carrollton Town Center
SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas
Property Description
sid
Carrollton Town Center’s anchor, 99 Ranch Market, is the country’s
largest gourmet Asian supermarket chain, with over 40 locations in
California, Nevada, Washington, and Texas. Founded in 1984, 99
Ranch Market provides a wide and diverse array of both specialty
ethnic foods and more traditional grocery items. Known for its
immense produce selection and incredible seafood and meat
counters, 99 Ranch Market provides a truly unique and gourmet
experience for any shopper.
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Carrollton Town Center is located at the southeast corner of
President George Bush Turnpike and Old Denton Road, in Carrollton,
Texas. A major redevelopment of an existing center, Carrollton
Town Center will feature extensive common-area features and
contemporary storefront upgrades designed to create an exciting
destination to shop and dine.
Pharmacy Distribution
The City of Carrollton was ranked by Money Magazine recently as
the 15th Best Place to Live and Forbes Magazine also awarded
Carrollton the rank of #12 on it’s annual “America’s Best Places to
Move” list. A diverse and dynamic community, Carrollton is located
just northwest of Dallas, and is home to over 5,000 businesses while
maintaining a high quality of life for its residents.
SITE
SITE
Available: Opportunities for retail, restaurant, service, and medical
tenants
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Traffic Counts:
■95,000 cars per day on PGBT (2012)
■23,983 cars per day on Old Denton Road (2008)
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121
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Demographics
35W
77
75
Dickerson
Pkwy
121
ac
r
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Area Retailers
Dr
e Bush81
Georg
sident
121
e
Turnpik
Carrollton
635
N
N Josey Ln
Pre
oa
Br
35E
ay
Den
ton
Rd
St
77
67
35W
E Jackson Rd
Dallas
183
Fort Worth
377
30
30
820
Arlington
Keller Springs Rd
20
30
Garland
77
287
dw
35E
■Active Population:
■Average Household Income:
» 2 Mile: 46,545
» 2 Mile: $84,261
» 3 Mile: 109,709
» 3 Mile: $85,505
» 5 Mile: 303,309
» 5 Mile: $87,877
»TA:
» TA:$94,529
781,336
t
Ar
M
Old
Pre
Grand
Prairie
■Growth Since 2010 Census:
» 2 Mile: 17,579
» 2 Mile: 11.32%
» 3 Mile: 40,715
» 3 Mile: 11.07%
» 5 Mile: 129,787
» 5 Mile: 14.60%
» TA:314,155
» TA:19.17%
Source: USPS Postal Count, 12/14
80
635
Mesquite
77
45
■Residential Count:
20
20
175
Contact
Heather Nguyen
281.477.4358
hnguyen@newquest.com
John Nguyen
281.477.4326
jnguyen@newquest.com
Meredith McLeod-Cobb
281.640-7681
mmcleodcobb@newquest.com
Carrollton Town Center
SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas
DFW Base Map
TRADE AREA
Carrollton Town Center
SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas
Trade Aerial
Carrollton Town Center
SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas
Site Plan - Phase I
SP61
Carrollton Town Center
SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas
Site Plan - Phase II
SP61
Carrollton Town Center
SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas
Dallas Business Journal
April 11, 2014
NewQuest plans major
redevelopment of
Carrollton Town Center
Candace Carlisle
Dallas Business Journal
Houston-based NewQuest Properties has bought Carrollton Town
Center and plans to redevelop the shopping center at the southeast
corner of President George Bush Turnpike and Old Denton Road.
Terms of the property sale were undisclosed.
NewQuest plans a major redevelopment of the existing
154,000-square-foot retail center, which will soon be anchored by
a new 50,000-square-foot Asian gourmet grocery store, 99 Ranch
Market.
The redevelopment will feature significant common-area features
and contemporary storefront upgrades.
Dallas-Fort Worth retail construction has been focused on groceranchored projects, as grocery chains expand their presence in
North Texas. Retail property leasing has reached decade-high levels
of occupancy rates, which will spur infill retail construction.
99 Ranch is the country’s largest Asian supermarket chain, with over 40 locations in California, Nevada,
Washington, and Texas. Founded in 1984, 99 Ranch Market provides a wide and diverse array of both specialty
ethnic foods and more traditional grocery items. Known for its immense produce selection and incredible
seafood and meat counters, 99 Ranch provides a truly unique and gourmet shopping experience for any
shopper.
Carrollton Town Center
SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas
Elevation Rendering
Carrollton Town Center
SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas
Elevation Rendering
Carrollton Town Center
SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas
Elevation Rendering
Carrollton Town Center
SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas
Elevation Rendering
Carrollton Town Center
Approved by the Texas Real Estate Commission for Voluntary Use
Texas law requires all real estate licenses to give the following information
about brokerage services to prospective buyers, tenants, sellers and landlords.
SEC President George Bush Turnpike & Old Denton Road | Carrollton, Texas
Demographics
2000 - 2010 Census, 2014 Estimates with 2019 Projections
Calculated using Proportional Block Groups
Information About Brokerage Services
Delivery Statistics as of 12/14
Old Denton Rd & President George Bush Tpke
2.00 Mi
3.00 Mi
5.00 Mi
Trade Area
Summary Data
Census 2010 Households
Current Households
Census 2010 Average Persons per Household
Census 2010 Population
Current Population
14,648
16,257
2.86
41,940
46,545
35,145
39,079
2.81
98,868
109,709
108,587
124,437
2.44
265,248
303,309
252,934
302,782
2.58
655,655
781,336
RESIDENTIAL DEMOGRAPHICS
Origination Data
Current Households
Census 2010 Households
1 Person Household
2 Person Household
3 Person Household
4 Person Household
5 Person Household
Owner-Occupied Housing Units
Renter-Occupied Housing Units
16,257
14,648
19.33%
30.80%
18.49%
17.25%
8.44%
64.04%
35.96%
39,079
35,145
21.98%
30.03%
17.80%
16.30%
8.13%
62.24%
37.76%
124,437
108,587
31.84%
30.25%
15.62%
13.11%
5.68%
49.07%
50.93%
302,782
252,934
28.91%
29.40%
15.96%
14.54%
6.76%
52.70%
47.30%
POPULATION
2014 Current Population
2010 Census Population
Population Growth from 2010 to 2014
46,545
41,811
11.32%
109,709
98,769
11.07%
303,309
264,668
14.60%
781,336
655,631
19.17%
AGE
2014 Median Age
36.1
35.3
34.9
34.2
RACE AND ETHNICITY
2014 Estimated White
62.2%
62.7%
63.0%
65.8%
2014 Estimated Black or African American
7.9%
8.7%
11.0%
9.7%
2014 Estimated Asian or Pacific Islander
13.5%
12.6%
13.0%
10.1%
2014 Estimated American Indian or Native Alaskan
0.6%
0.6%
0.6%
0.6%
2014 Estimated Other Races
15.8%
15.4%
12.4%
13.8%
2014 Estimated Hispanic
34.9%
34.7%
26.6%
30.1%
INCOME
2014 Estimated Average Household Income
2014 Estimated Median Household Income
2014 Estimated Per Capita Income
$84,261
$73,094
$29,281
$85,505
$73,380
$30,324
$87,877
$73,965
$35,854
$94,529
$78,127
$36,392
EDUCATION (AGE 25+)
2014 Estimated Elementary (Grade Level 0 to 8)
2014 Estimated Some High School (Grade Level 9 to 11)
2014 Estimated High School Graduate
2014 Estimated Some College
2014 Estimated Associates Degree Only
2014 Estimated Bachelors Degree Only
2014 Estimated Graduate Degree
6.9%
9.6%
23.1%
20.8%
6.3%
24.4%
8.8%
7.6%
8.7%
20.8%
21.1%
6.6%
25.6%
9.5%
5.2%
6.0%
17.9%
22.1%
6.3%
29.3%
13.3%
7.1%
6.6%
17.7%
20.7%
6.4%
27.8%
13.6%
2010 Census Block Group Data and Custom Sites USA Geography, (Census 2010 numbers may deviate from Block Group geography based reports).
Before working with a real estate broker, you should know
that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner)
or a prospective buyer or tenant (buyer), you should know
that the broker who lists the property for sale or lease is the
owner’s agent. A broker who acts as a subagent represents
the owner in cooperation with the listing broker. A broker
who acts as a buyer’s agent represents the buyer. A broker
may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a
ing without representing you. A broker is obligated by law
to treat you honestly.
IF THE BROKER REPRESENTS THE OWNER:
agreement with the owner, usually through a written listing
agreement, or by agreeing to act as a subagent by accepting
subagent can assist the buyer but does not represent the buyshould not tell the owner’s agent anything the buyer would
not want the owner to know because an owner’s agent must
disclose to the owner any material information known to
the agent.
IF THE BROKER REPRESENTS THE BUYER:
agreement to represent the buyer, usually through a written
buyer representation agreement. A buyer’s agent can assist
the owner but does not represent the owner and must place
buyer’s agent anything the owner would not want the buyer
to know because a buyer’s agent must disclose to the buyer
any material information known to the agent.
IF THE BROKER ACTS AS AN INTERMEDIARY:
A broker may act as an intermediary between the parties if
sent must state who will pay the broker and, in conspicuous
bold or underlined print, set forth the broker’s obligations
tate License Act. A broker who acts as an intermediary in a
transaction:
(1) shall treat all parties honestly;
(2) may not disclose that the owner will accept a
price less than the asking price unless authorized
in writing to do so by the owner;
(3) may not disclose that the buyer will pay a price
unless authorized in writing to do so by the buyer;
and
the broker in writing not to disclose unless
authorized in writing to disclose the information or
Act or a court order or if the information materially
relates to the condition of the property.
With the parties’ consent, a broker acting as an intermediary
between the parties may appoint a person who is licensed
the broker to communicate with and carry out instructions
of one party and another person who is licensed under that
Act and associated with the broker to communicate with
and carry out instructions of the other party.
If you choose to have a broker represent you, you should
enter into a written agreement with the broker that clearly
establishes the broker’s obligations and your obligations.
will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a
fee to a broker does not necessarily establish that the broker
represents you. If you have any questions regarding the responsibilities of the broker, you should resolve those questions before proceeding.
Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.
Buyer, Seller, Landlord or Tenant
Date
Texas Real Estate Brokers and Salesmen are licensed and regulated by the Texas Real Estate Commission (TREC), if you have a question or complaint regarding a real
estate licensee, you should contact TREC at P.O. Box 12188, Austin, TX 78711 or 512-459-6544.
Leasing | Tenant Representation | Development | Land Brokerage | Investment Sales | Property Management
8827 W. Sam Houston Parkway N. | Suite 200 | Houston, Texas 77040
The information herein while based on data supplied by sources deemed reliable, is subject to errors or omissions and is not, in any way,
warranted by NewQuest Properties or by any agent, independent associate or employee of NewQuest Properties.
This information is subject to change without notice. 5/6/2015