market photos

Transcription

market photos

$9,057,200
8.0% Cap Rate
your vision realized
CARMIKE MOVIE THEATER
BARROW COUNTY, GEORGIA
45,286 SQ FT NNN INVESTMENT
Representative Photo
Property Under Construction
INVESTMENT HIGHLIGHTS:
‐ 20 year corporate guaranteed lease with 2 renewal options for 5 years each
‐ 5.0% rent bumps every 5 years during primary lease term and option periods
th
‐ 4 largest U.S. exhibitor with 236 theatres and 2,223 screens in 36 states (3/31/11)
‐ Carmike is publically traded on the NASDAQ (CKEC) and had 2010 revenue of $491.3M
‐ Located between Atlanta and Athens in one of the fastest growing counties in the nation
‐ Part of The Gateway @University Pkwy, a +/‐ 70 acre mixed‐use commercial development
‐ Traffic counts over 25,00 cars/day on Hwy 316 (Univ. Pkwy) and 15,000 cars/day on Hwy 81
‐ Trade area population of 115,000+ and average household income of $65,700 in a 3 mile radius
14 S. Main Street
Second Floor
Greenville, SC 29601
Phone: (864) 242‐4008
Fax: (864) 232‐0160
www.realtylinkdev.com
For more info, contact:
J. TYSON GLASSER, CCIM
Investment Sales Advisor
tglasser@realtylinkdev.com
Office: (864) 242‐4008 x27
Mobile: (404) 435‐6312
INVESTMENT PROPERTY
416 Exchange Boulevard
Bethlehem, Barrow County, Georgia 30620
ATTENTION: This brochure has been prepared to provide summary information
to prospective purchasers and to establish a preliminary level of interest in the
property presented. It does not, however, purport to present all material
information regarding the subject property, and it is not a substitute for a
thorough due diligence investigation. In particular, RealtyLink, LLC has not made
any investigation and makes no warranty or representation with respect to the
financial condition or business prospects of any tenant or any tenant’s plans or
intentions to continue or renew its occupancy of the subject property. The
information contained in this brochure has been obtained from sources we
believe to be reliable; however, RealtyLink, LLC has not conducted any
investigation regarding these matters and makes no warranty or representation
whatsoever regarding the accuracy or completeness of the information provided.
The RealtyLink name is a registered trademark of RealtyLink, LLC.
The RealtyLink logo is a registered service mark of RealtyLink, LLC.
Text and content © Copyright 2011 RealtyLink, LLC.
TABLE OF CONTENTS
Investment Summary
Financial Summary
Rent Roll & Cash Flows
Location Maps
Competition Map
Aerial
Site Plans
Property Summary
Tenant Profile
Market Profile
Market Photos
Demographics
INVESTMENT SUMMARY
LOCATION:
NE corridor of US Hwy 29 (GA Hwy 316) and GA Hwy 81
Approx. 40 miles E of Atlanta and 20 miles W of Athens
TENANT:
Eastwynn Theatres, Inc. (Carmike Cinema Corporate Guaranty)
LEASE TYPE:
Absolute NNN Lease
LEASE TERM:
20 Years
LEASE COMMENCEMENT:
12/1/2011 (Scheduled)
LEASE EXPIRATION:
11/30/2031
ANNUAL BASE RENT:
$724,576.00
RENT INCREASES:
5% every 5 years in primary term and option periods
PERCENTAGE RENT:
10% of Gross Sales in excess of Breakpoint (See Rent Roll for details)
OPTION PERIODS:
2 for 5 years each
LAND SIZE:
+/‐ 8.181 Acres
BUILDING SIZE:
+/‐ 45,286 Square Feet
BUILDING AGE:
Construction started in May (Scheduled completion in November) LANDLORD RESPONSIBILITY:
None
TENANT RESPONSIBILITY:
CAM, Taxes, Insurance, Utilities, Roof, Structure, Parking Lot, etc.
ACCESS:
3 full access entrances and exits on Exchange Blvd
TRAFFIC COUNTS:
+/‐ 25,000 on Hwy 316 and +/‐ 15,000 on Hwy 81 (2008 estimates)
PARKING:
+/‐ 571 spaces including 11 handicap spaces
SEATING:
+/‐ 2,407 seats
ZONING:
C‐3 (Commercial)
EASEMENTS:
Subject to a Declaration of Covenants, Conditions & Restrictions
DEMOGRAPHICS:
2010
Population
Households
Average HH Income
Median HH Income
3‐Mile
13,286
4,450
$65,767
$62,817
5‐Mile
38,757
13,637
$64,029
$58,532
7‐Mile
65,911
23,006
$66,281
$60,537
FINANCIAL SUMMARY
OFFERING PRICE:
$9,057,200
ANNUAL RENTS:
$724,576.00 $760,804.80
$798,845.04
$838,696.72
OPTION RENTS:
$880,812.70 (Option 1)
$924,740.12 (Option 2)
GOING IN CAP RATE:
8.0%
(Years 1‐5)
CAP RATE ON 12/1/16:
8.40%
(Years 6‐10)
8.82%
(Years 11‐15)
9.26%
(Years 16‐20)
SQUARE FOOTAGE:
+/‐ 45,286
PRICE PER SQUARE FOOT:
$200.00
RENT PER SQUARE FOOT:
$16.00
ASSUMABLE FINANCING:
None, delivered free and clear at closing AVAILABLE FINANCING:
Loan to Value –
Loan Term –
Amortization –
Interest Rate –
Annual Debt Service –
Cash on Cash Return –
TENANT FINANCIALS:
Available on the following website: www.carmikeinvestors.com
(Years 1‐5)
(Years 6‐10)
(Years 11‐15)
(Years 16‐20)
(Years 1‐5)
65% ($3,170,020 down payment)
10 Years (5 years fixed then resets) 25 Years
6.0%
$455,174.20
8.50% (Years 1‐5)
RENT ROLL & CASH FLOWS
Tenant
Eastwynn Theatres, Inc.
Square Feet
45,286
Lease Start
Lease End
12/1/2011 11/30/2031
12/1/2016
12/1/2021
12/1/2026
Rent PSF
Annual Rent
CAM/Tax/Ins.
Option Periods
$16.00
$16.80
$17.64
$18.52
$724,576.00
$760,804.80
$798,845.04
$838,696.72
NET/NET/NET
Option 1: $19.45
Option 2: $20.42
_______________ 45,286
Notes
% Rent Breakpoint: Years 1‐5: $7,244,160.00; Years 6‐10: $7,606,368.00; Years 11‐15: $7,986,686.40; Years 16‐20: $8,385,115.20; Option 1: $8,806,182.00; Option 2: $9,245,359.20
Association fees to be paid by tenant estimated at $3,500.00 annually and shall not exceed $5,000.00 during any 12 month period
Security deposit of $60,368.00 to be held by a third party
Category
Years 1‐5
Years 6‐10
Years 11‐15
Years 16‐20
Years 21‐25
(Option 1)
Years 26‐30
(Option 2)
Base Rental Income
+ Reimbursements
= Gross Rental Income
$ 724,576.00
$ NET $ 724,576.00
$ 760,804.80
$ NET $ 760,804.80 $ 798,845.04
$ NET $ 798,845.04 $ 838,696.72
$ NET $ 838,696.72
$ 880,812.70
$ NET $ 880,812.70
$ 924,740.12
$ NET
$ 924,740.12
‐ General Vacancy
= Net Rental Income
$ 0.00 $ 724,576.00
$ 0.00 $ 760,804.80 $ 0.00 $ 798,845.04 $ 0.00 $ 838,696.72
$ 0.00 $ 880,812.70
$ 0.00
$ 924,740.12
‐ Expenses
= Net Operating Income
$ NET $ 724,576.00
$ NET $ 760,804.80 $ NET $ 798,845.04 $ NET $ 838,696.72
$ NET $ 880,812.70
$ NET
$ 924,740.12
‐ Debt Service
= After Debt Cash Flow
$ 455,174.20 $ 284,261.00
$ 455,174.20 $ 320,489.80
$ 455,174.20 $ 358,530.04
$ 455,174.20 $ 398,381.72
$ 455,174.20 $ 425,638.50
$ 455,174.20
$ 469,565.92
Sales Price =
Capitalization Rate =
Cash‐On‐Cash Return =
$ 9,057,200
8.00%
7.85%
$ 9,057,200
8.40%
8.85%
$ 9,057,200
8.82%
9.90%
$ 9,057,200
9.26%
11.0%
$ 9,057,200
9.73%
13.43%
$ 9,057,200
10.21%
14.81%
Assumptions
Expenses and reimbursements net each other out; No vacancy factor since this is a single tenant asset; No capital reserves since this is an absolute NNN lease and tenant is responsible for all capital items; Financing at 65% LTV amortized over 25 years at 6.0%; Debt service includes principal and interest; Financing during option periods assumes same terms as primary lease years
LOCATION MAPS
5‐10‐15 MILE COMPETITION MAP
Venture Cinema 12
PROPERTY AERIAL
Athens
Univ. of GA
20 Miles
Subject Property
BARROW CROSSING SHOPPING CENTER
Atlanta
City Limits
40 Miles
OVERALL LAYOUT PLAN
blank
BARROW CROSSING
SHOPPING CENTER
PROPERTY SITE PLAN
TENANT PROFILE
COMPANY:
Carmike Cinemas, Inc. (a Delaware corporation)
HEADQUARTERS:
Columbus, Georgia
YEAR FOUNDED:
1982
LOCATIONS:
+/‐ 236 theaters in 36 states
EXCHANGE:
NASDAQ (CKEC)
RATINGS:
S&P: B‐ (Stable)
2010 TOTAL REVENUES:
$491.262 Million
WEBSITE:
www.carmike.com
Moody’s: B2 (Stable)
Carmike Cinemas Inc. is the fourth largest theatre company in the United States. Carmike theaters are
largely positioned in rural and suburban areas with population under 200,000. The company bills itself
as ‘America’s Hometown Theatre.”
In 2005 Carmike purchased 30 GKC Theaters (263 screens) from the heirs of George Kerasotes for
US$66 million. On June 4, 2009 the company announced that effective immediately, S. David Passman
III, had been appointed President and Chief Executive Officer and that current Board member, Roland
C. Smith, would succeed Mr. Passman as Carmike's Chairman of the Board. Fred Van Noy and Richard
Hare remained with Carmike as Chief Operating Officer and as Chief Financial Officer.
In 2005, Carmike Cinemas launched a contract with Christie Digital Systems to convert all its auditoriums to Texas Instruments DLP projection technology. This rollout was completed in 2007 and all of the company's first run theatres were converted to Digital Projection.
As of December 2009, the company remained a leader in Digital Projection with 2,241 digital screens of which 591 were capable of showing Real‐D 3D movies. “We are targeting as many as two dozen BigD locations by 2011 year‐end and are excited to bring this Ultimate Entertainment Experience to our theatres and loyal cinema‐goers across the country,” stated Carmike Cinemas President and Chief Executive Officer David Passman. 2010 Q3 Update:
Carmike achievements during 2010 include the following:
‐ Voluntary term loan debt pre‐payments of $25mm
‐ $45mm in aggregate pre‐paid over past two years
‐ Extended long‐term advertising agreement with Screenvision, receiving profits interest and $30 million up‐front payment (1/1/11)
‐ Achieved profitable 3Q 10
‐ Q3 10 average revenue per patron rose to $9.97, compared to $9.63 in Q3 09
‐ 100% of first‐run screens equipped for digital and approximately 28% now 3D‐capable
‐ Recently launched Big D large format digital experience
MARKET PROFILE
Barrow County is part of the Atlanta metropolitan area, officially designated by the US Census Bureau
as the Atlanta‐Sandy Springs‐Marietta Metropolitan Statistical Area. It is the most populous metro
area in the U.S. state of Georgia and the ninth‐largest metropolitan statistical area (MSA) in the United
States. In addition to Atlanta, Georgia's capital and largest city, the Atlanta metropolitan area spans up
to 28 counties in north Georgia and had a total 2010 population of 5,268,860.
Economy
Barrow County boasts a diverse economy, and according to the
U.S. Census Bureau, it's one of the nation's fastest growing
counties. Barrow's modern economy is comprised of industries
such as agribusiness, distribution & logistics, manufacturing and
more. Barrow County lies at the heart of the Innovation
Crescent, a multi‐county region anchored by Atlanta Hartsfield‐
Jackson airport and the Georgia Institute of Technology at one
end, and the University of Georgia and the Interstate 85 corridor
on the other. One of the nation's most economically vibrant and
diverse locations, the region is home to 40% of Georgia's
population of 9.5 million, 12 Fortune 500 company
headquarters, and 26 Fortune 1000 company headquarters. The
region serves as a hub for the life sciences, and is home to top
notch research universities, government facilities like the Center
for Disease Control, and a host of large and small life science and
biotech firms.
Transportation
Barrow County is located 45 miles northeast of Atlanta and just
15 miles southwest of Athens within the Metro Atlanta region.
Barrow lies central to Interstate 85 and University Parkway (GA
Hwy 316) providing ease of transportation and excellent
accessibility to markets. The University Parkway, of which 18
miles lies in Barrow, provides the connectivity to the institutions
of higher learning and innovative resources prevalent in the
region. Atlanta's Hartsfield‐Jackson International Airport is only
45 minutes south of Barrow County.
MARKET PROFILE
Education
The Barrow County School System has a wide array of career development core offerings. High school
students can complete the Biotechnology Research and Development Career Pathway under dual
enrollment with Barrow campus of Lanier Technical College. Lanier Technical College, a two‐year unit
of the University system, is preparing students for jobs of the future, especially in the bioscience
sector. Emory is home to nine major academic divisions. Emory's internationally known medical school
has $312 million in funded health science research and is ranked in the top 20 grant recipients from
the National Institute of Health. One of the nation's top research universities, Georgia Tech's campus
occupies 400 acres in the heart of Atlanta and enrolls more than 18,000 undergraduate and graduate
students. Georgia Tech is consistently ranked in U.S. News and World Report's top 10 public
universities in the U.S. With over 27,000 graduate and undergraduate students in six colleges, Georgia
State is the second largest research university in the state. University of Georgia is the state's largest
and most comprehensive higher education institution, with more than 33,000 students.
Healthcare
Barrow County residents are fortunate to have access to superior
healthcare, both within the county and the region. Barrow County is
home to the Barrow Regional Medical Center, a 56‐bed acute care
hospital serving Barrow and surrounding counties. Nearby Athens is
home to two major hospitals, Athens Regional Medical Center and
St. Mary's, while a short drive to Atlanta offers a host of world‐class
healthcare amenities, from Emory Healthcare, a four‐hospital
teaching and research institution with more than 9,000 employees,
to Children's Healthcare of Atlanta, one of the nation's leading
pediatric hospitals.
Recreation/Leisure
Less than a block from Winder's downtown business district, in a
newly renovated former clothing manufacturing plant, sits the literal
centerpiece of the arts in Barrow County. The Winder Cultural Arts
Center, home of the Colleen O. Williams Theater, hosts over 200
musical, theatrical and literary events each year. Coupled with
annual Spring and Fall Festivals, the "Lazy Daze at the Trax" Music
Festival, and the rebirth of the Georgia Piedmont Arts Center in
their new home at Midland Station, this puts downtown Winder as
the focal point of cultural expression and appreciation in the county.
MARKET PHOTOS
MARKET PHOTOS
MARKET PHOTOS
Executive Summary
Prepared by J. Tyson Glasser- RealtyLink, LLC
The Gateway at Univ. Pkwy
Atlanta, Georgia MSA
Ring: 3, 5, 7 Miles
Latitude: 33.946021
Longitude: -83.754263
3 miles radius
5 miles radius
7 miles radius
13,286
50.5%
49.5%
33.7
38,757
49.8%
50.2%
34.6
65,911
49.9%
50.1%
34.8
$62,817
$22,224
$65,767
$58,532
$22,555
$64,029
$60,537
$23,291
$66,281
4,450
2.97
13,637
2.81
23,006
2.84
2010 Housing
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
76.1%
17.4%
6.5%
66.1%
26.6%
7.3%
69.0%
23.9%
7.1%
Population
1990 Population
2000 Population
2010 Population
2015 Population
1990-2000 Annual Rate
3,520
6,692
13,286
16,127
6.64%
6.92%
3.95%
14,969
24,097
38,757
44,968
4.88%
4.75%
3.02%
25,688
41,635
65,911
76,035
4.95%
4.58%
2.9%
2010 Population
Total Population
Male Population
Female Population
Median Age
2010 Income
Median HH Income
Per Capita Income
Average HH Income
2010 Households
Total Households
Average Household Size
In the identified market area, the current year population is 65,911. In 2000, the Census count in the market area was 41,635. The rate of
change since 2000 was 4.58 percent annually. The five-year projection for the population in the market area is 76,035, representing a change
of 2.9 percent annually from 2010 to 2015. Currently, the population is 49.9 percent male and 50.1 percent female.
Households
1990 Households
2000 Households
2010 Households
2015 Households
1,225
2,255
4,450
5,395
6.29%
6.86%
3.93%
5,507
8,655
13,637
15,774
4.62%
4.54%
2.95%
9,190
14,679
23,006
26,503
4.79%
4.48%
2.87%
The household count in this market area has changed from 14,679 in 2000 to 23,006 in the current year, a change of 4.48 percent annually.
The five-year projection of households is 26,503, a change of 2.87 percent annually from the current year total. Average household size is
currently 2.84, compared to 2.81 in the year 2000. The number of families in the current year is 17,494 in the market area.
Housing
Currently, 69.0 percent of the 24,768 housing units in the market area are owner occupied; 23.9 percent, renter occupied; and 7.1 percent
are vacant. In 2000, there were 15,436 housing units - 72.5 percent owner occupied, 22.4 percent renter occupied and 5.1 percent vacant.
The rate of change in housing units since 2000 is 4.72 percent. Median home value in the market area is $132,752, compared to a median
home value of $157,913 for the U.S. In five years, median home value is projected to change by 1.94 percent annually to $146,155. From
2000 to the current year, median home value changed by 2.35 percent annually.
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015. Esri converted 1990 Census data into 2000 geography.
©2010 Esri
6/16/2011
Page 1 of 2
Executive Summary
Ring: 3, 5, 7 Miles
Latitude: 33.946021
3 miles radius
5 miles radius
7 miles radius
Median Household Income
1990 Median HH Income
$25,524
$50,714
$62,817
$67,740
7.11%
2.11%
1.52%
$25,540
$45,472
$58,532
$65,125
5.94%
2.49%
2.16%
$28,433
$47,415
$60,537
$67,137
5.25%
2.41%
2.09%
Per Capita Income
1990 Per Capita Income
$10,808
$18,175
$22,224
$24,536
5.34%
1.98%
2%
$11,040
$18,530
$22,555
$25,368
5.32%
1.94%
2.38%
$11,612
$19,235
$23,291
$26,182
5.18%
1.88%
2.37%
Average Household Income
1990 Average Household Income
2010 Average HH Income
$30,893
$53,403
$65,767
$72,769
5.63%
2.05%
2.04%
$30,368
$52,088
$64,029
$72,252
5.54%
2.03%
2.45%
$32,472
$54,213
$66,281
$74,651
5.26%
1.98%
2.41%
Households by Income
Current median household income is $60,537 in the market area, compared to $54,442 for all U.S. households. Median household income is
projected to be $67,137 in five years. In 2000, median household income was $47,415, compared to $28,433 in 1990.
Current average household income is $66,281 in this market area, compared to $70,173 for all U.S. households. Average household income
is projected to be $74,651 in five years. In 2000, average household income was $54,213, compared to $32,472 in 1990.
Current per capita income is $23,291 in the market area, compared to the U.S. per capita income of $26,739. The per capita income is
projected to be $26,182 in five years. In 2000, the per capita income was $19,235, compared to $11,612 in 1990.
Population by Employment
Total Businesses
Total Employees
331
3,268
1,379
12,551
1,765
15,683
Currently, 89.4 percent of the civilian labor force in the identified market area is employed and 10.6 percent are unemployed. In comparison,
89.2 percent of the U.S. civilian labor force is employed, and 10.8 percent are unemployed. In five years the rate of employment in the market
area will be 91.6 percent of the civilian labor force, and unemployment will be 8.4 percent. The percentage of the U.S. civilian labor force that
will be employed in five years is 91.2 percent, and 8.8 percent will be unemployed. In 2000, 70.2 percent of the population aged 16 years or
older in the market area participated in the labor force, and 0.1 percent were in the Armed Forces.
In the current year, the occupational distribution of the employed population is:
• 56.3 percent in white collar jobs (compared to 61.6 percent of U.S. employment)
• 13.6 percent in service jobs (compared to 17.3 percent of U.S. employment)
• 30.0 percent in blue collar jobs (compared to 21.1 percent of U.S. employment)
In 2000, 78.9 percent of the market area population drove alone to work, and 2.8 percent worked at home. The average travel time to work in
2000 was 34.3 minutes in the market area, compared to the U.S. average of 25.5 minutes.
Population by Education
In 2010, the educational attainment of the population aged 25 years or older in the market area was distributed as follows:
•
•
•
•
•
18.4 percent had not earned a high school diploma (14.8 percent in the U.S.)
38.1 percent were high school graduates only (29.6 percent in the U.S.)
8.0 percent had completed an Associate degree (7.7 percent in the U.S.)
10.8 percent had a Bachelor's degree (17.7 percent in the U.S.)
4.7 percent had earned a Master's/Professional/Doctorate Degree (10.4 percent in the U.S.)
©2010 Esri
6/16/2011
Page 2 of 2
Graphic Profile
Ring: 3 miles radius
Latitude: 33.946021
Households
2010 Households by Income
5500
5000
4500
$75K-100K (24.9%)
$100K-$150K (8.0%)
4000
$150K+ (2.4%)
3500
<$15K (7.6%)
3000
5395
2500
$15K-$25K (6.7%)
4450
2000
$25K-35K (4.4%)
$50K-75K (30.4%)
1500
2255
1000
$35K-$50K (15.7%)
500
0
2000
2010
2015
2010 Population by Age
2010 Owner Occupied HUs by Value
55-64 (9.5%)
45-54 (13.6%)
65+ (8.3%)
$200-299K (4.8%)
$300-399K (1.9%)
$500K+ (1.9%)
<5 (8.2%)
35-44 (16.3%)
$100-199K (67.1%)
<$100K (24.3%)
5-19 (21.4%)
25-34 (17.0%)
20-24 (5.6%)
2010 Employed 16+ by Occupation
2010 Population by Race
Production (6.6%)
Transportation (8.1%)
Mgmt/Business. (11.5%)
Admin Support (16.7%)
Professional (15.9%)
Sales (10.3%)
Services (13.6%)
Percent
Maintenance/Repair (5.8%)
Construction (10.7%)
Farm/Fish (0.7%)
75
70
65
60
55
50
45
40
35
30
25
20
15
10
5
0
73.4
14.5
White
Black
0.3
Am. Ind.
4.1
Asn./Pac.
5.7
Other
1.9
Two+
2010 Percent Hispanic Origin: 12.1%
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.
©2010 Esri
6/16/2011
Page 1 of 1
Graphic Profile
Latitude: 33.946021
Households
16000
14000
$75K-100K (21.2%)
12000
$100K-$150K (9.2%)
$150K+ (3.1%)
10000
<$15K (9.9%)
8000
15774
13637
$50K-75K (25.9%)
$15K-$25K (8.1%)
6000
$25K-35K (5.8%)
8655
4000
$35K-$50K (16.7%)
2000
0
2000
2010
2015
55-64 (9.9%)
45-54 (13.7%)
65+ (9.6%)
$200-299K (9.1%)
$300-399K (3.1%)
$400-499K (0.5%)
$500K+ (1.9%)
<5 (8.1%)
35-44 (16.0%)
$100-199K (56.8%)
<$100K (28.6%)
5-19 (21.5%)
25-34 (15.3%)
20-24 (5.8%)
Production (7.0%)
Sales (11.5%)
Services (14.4%)
Percent
Construction (9.7%)
Farm/Fish (0.4%)
75
70
65
60
55
50
45
40
35
30
25
20
15
10
5
0
74.8
15.3
White
Black
0.2
Am. Ind.
3.5
Asn./Pac.
4
Other
2.2
Two+
©2010 Esri
6/16/2011
Page 1 of 1
Graphic Profile
Latitude: 33.946021
Households
30000
25000
$75K-100K (21.6%)
$100K-$150K (10.4%)
$150K+ (3.4%)
20000
<$15K (9.1%)
15000
26503
$15K-$25K (7.3%)
23006
$50K-75K (25.9%)
10000
$25K-35K (6.0%)
14679
$35K-$50K (16.3%)
5000
0
2000
2010
2015
55-64 (10.0%)
45-54 (14.1%)
65+ (9.3%)
$200-299K (10.1%)
$300-399K (3.6%)
$400-499K (0.8%)
$500K+ (2.1%)
<5 (8.2%)
35-44 (16.3%)
$100-199K (55.9%)
<$100K (27.5%)
5-19 (21.7%)
25-34 (14.9%)
20-24 (5.5%)
80
70
60
Production (6.9%)
50
Sales (11.9%)
Percent
Construction (9.4%)
Farm/Fish (0.4%)
40
79
30
20
10
Services (13.6%)
0
11.7
White
Black
0.2
Am. Ind.
3.3
Asn./Pac.
3.6
Other
2.2
Two+
©2010 Esri
6/16/2011
Page 1 of 1
Traffic Count Map
Ring: 3, 5, 7 Miles
Latitude: 33.946021
Source: © 2010 MPSI (Market Planning Solutions Inc.) Systems Inc. d.b.a. DataMetrix®
©2010 Esri, MPSI
6/16/2011
Page 1 of 1
Executive Summary
Prepared by J. Tyson Glasser, RealtyLink, LLC
Carmike Cinema Gateway 12
Atlanta MSA, Barrow County, GA
Drive Time: 10, 15, 20 Minutes
Latitude: 33.946033
10 minutes
15 minutes
20 minutes
16,461
50.2%
49.8%
33.9
55,857
49.6%
50.4%
35.1
114,273
50.5%
49.5%
34.8
$60,973
$22,048
$64,190
$60,025
$23,302
$66,327
$62,224
$24,241
$70,363
5,630
2.90
19,509
2.84
38,760
2.87
2010 Housing
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
70.9%
22.5%
6.6%
68.9%
23.9%
7.2%
71.9%
20.8%
7.3%
Population
1990 Population
2000 Population
2010 Population
2015 Population
5,239
9,106
16,461
19,619
5.68%
5.95%
3.57%
22,433
35,783
55,857
64,456
4.78%
4.44%
2.91%
42,817
71,136
114,273
131,992
5.21%
4.73%
2.92%
2010 Population
Total Population
Male Population
Female Population
Median Age
2010 Income
Median HH Income
Per Capita Income
Average HH Income
2010 Households
Total Households
Average Household Size
In the identified market area, the current year population is 114,273. In 2000, the Census count in the market area was 71,136. The rate of
change since 2000 was 4.73 percent annually. The five-year projection for the population in the market area is 131,992, representing a
change of 2.92 percent annually from 2010 to 2015. Currently, the population is 50.5 percent male and 49.5 percent female.
Households
1990 Households
2000 Households
2010 Households
2015 Households
1,871
3,154
5,630
6,696
5.36%
5.82%
3.53%
8,042
12,663
19,509
22,466
4.64%
4.31%
2.86%
14,968
24,162
38,760
44,839
4.91%
4.72%
2.96%
The household count in this market area has changed from 24,162 in 2000 to 38,760 in the current year, a change of 4.72 percent annually.
The five-year projection of households is 44,839, a change of 2.96 percent annually from the current year total. Average household size is
currently 2.87, compared to 2.84 in the year 2000. The number of families in the current year is 29,731 in the market area.
Housing
Currently, 71.9 percent of the 41,798 housing units in the market area are owner occupied; 20.8 percent, renter occupied; and 7.3 percent
are vacant. In 2000, there were 25,394 housing units - 75.2 percent owner occupied, 19.9 percent renter occupied and 4.9 percent vacant.
The rate of change in housing units since 2000 is 4.98 percent. Median home value in the market area is $132,188, compared to a median
home value of $157,913 for the U.S. In five years, median home value is projected to change by 1.76 percent annually to $144,235. From
2000 to the current year, median home value changed by 2.03 percent annually.
©2010 Esri
7/01/2011
Page 1 of 2
Executive Summary
Latitude: 33.946033
10 minutes
15 minutes
20 minutes
Median Household Income
$24,949
$48,479
$60,973
$66,069
6.87%
2.26%
1.62%
$27,859
$46,865
$60,025
$66,519
5.34%
2.44%
2.08%
$29,996
$48,908
$62,224
$69,284
5.01%
2.38%
2.17%
Per Capita Income
$10,655
$18,296
$22,048
$24,482
5.56%
1.84%
2.12%
$11,597
$19,303
$23,302
$26,236
5.23%
1.85%
2.4%
$11,997
$19,779
$24,241
$27,196
5.13%
2%
2.33%
Average Household Income
$30,135
$52,797
$64,190
$71,476
5.77%
1.92%
2.17%
$32,506
$54,199
$66,327
$74,888
5.25%
1.99%
2.46%
$33,966
$56,452
$70,363
$78,970
5.21%
2.17%
2.33%
Households by Income
Current median household income is $62,224 in the market area, compared to $54,442 for all U.S. households. Median household income is
projected to be $69,284 in five years. In 2000, median household income was $48,908, compared to $29,996 in 1990.
Current average household income is $70,363 in this market area, compared to $70,173 for all U.S. households. Average household income
is projected to be $78,970 in five years. In 2000, average household income was $56,452, compared to $33,966 in 1990.
Current per capita income is $24,241 in the market area, compared to the U.S. per capita income of $26,739. The per capita income is
projected to be $27,196 in five years. In 2000, the per capita income was $19,779, compared to $11,997 in 1990.
Population by Employment
Total Businesses
Total Employees
577
4,867
1,740
15,164
3,093
30,073
Currently, 89.8 percent of the civilian labor force in the identified market area is employed and 10.2 percent are unemployed. In comparison,
89.2 percent of the U.S. civilian labor force is employed, and 10.8 percent are unemployed. In five years the rate of employment in the market
area will be 91.9 percent of the civilian labor force, and unemployment will be 8.1 percent. The percentage of the U.S. civilian labor force that
will be employed in five years is 91.2 percent, and 8.8 percent will be unemployed. In 2000, 68.0 percent of the population aged 16 years or
older in the market area participated in the labor force, and 0.1 percent were in the Armed Forces.
In the current year, the occupational distribution of the employed population is:
• 58.8 percent in white collar jobs (compared to 61.6 percent of U.S. employment)
• 12.9 percent in service jobs (compared to 17.3 percent of U.S. employment)
• 28.3 percent in blue collar jobs (compared to 21.1 percent of U.S. employment)
In 2000, 79.6 percent of the market area population drove alone to work, and 2.8 percent worked at home. The average travel time to work in
2000 was 33.9 minutes in the market area, compared to the U.S. average of 25.5 minutes.
Population by Education
In 2010, the educational attainment of the population aged 25 years or older in the market area was distributed as follows:
•
•
•
•
•
19.7 percent had not earned a high school diploma (14.8 percent in the U.S.)
36.9 percent were high school graduates only (29.6 percent in the U.S.)
7.3 percent had completed an Associate degree (7.7 percent in the U.S.)
11.5 percent had a Bachelor's degree (17.7 percent in the U.S.)
4.7 percent had earned a Master's/Professional/Doctorate Degree (10.4 percent in the U.S.)
©2010 Esri
7/01/2011
Page 2 of 2
Site Map
©2010 Esri
Latitude: 33.946033
7/01/2011
Page 1 of 1

market photos

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