3.3 Acre Restaurant Site Jonesboro, Arkansas

3.3 Acre Restaurant Site
Jonesboro, Arkansas
For Additional Information Contact:
Jason Gazaway
Gazaway & White Real Estate
2210 W Kingshighway
Suite 9
Paragould, AR 72450
jgazaway@gazawaywhite.com
(870) 236-1115 Office
(870) 236-1114 Fax
(870) 215-1300 Cell
Parker Road, Jonesboro, AR
3.3 Acres
Subject
Features and Amenities:
Location:
$711,553.00
3.3 Acres
Great Location
Co-Tenants Include:
Colton's
Malco Cinema 16
O’ Charlie's
Wendy's
Chipotle
Corner Lot
All Utilities
Jason Gazaway
2210 W. Kingshighway Ste 9
Paragould, AR 72450
(870) 236-1115 O
For more information on this property and all
of our available properties, go to
www.gazawaywhite.com
Disclaimer: The infor mation pr esented herein, while not guaranteed, was obtained from sour ces we believe to be reliable.
Automotive Dealers
IUM
STAD
D
BLV
SUBJECT
Just OpenedChipotle Grill
Front Page Café
AY
AW
R
CA
Area Hotels
RD
HW
Y
63
/ I5
55
Executive Summary
Prepared By: STDBonline.com
2309 E Parker Rd
Jonesboro, AR 72404
Radius: 3.0 mile
2309 E Parker Rd
Jonesboro, AR 72404
Radius: 5.0 mile
2309 E Parker Rd
Jonesboro, AR 72404
Radius: 10 mile
33,756
47.8%
52.2%
32.3
59,523
48.2%
51.8%
33.2
79,474
48.6%
51.4%
34.1
$42,771
$24,139
$57,545
$44,115
$24,162
$59,399
$44,574
$23,232
$58,171
2008 Households
Total Households
Average Household Size
1990-2000 Annual Rate
13,895
2.29
2.48%
23,806
2.41
2.21%
31,396
2.46
2.32%
2008 Housing
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
48.7%
40.8%
10.5%
53.0%
36.7%
10.3%
57.9%
32.3%
9.9%
Population
1990 Population
2000 Population
2008 Population
2013 Population
1990-2000 Annual Rate
2000-2008 Annual Rate
2008-2013 Annual Rate
25,472
30,947
33,756
35,786
1.97%
1.06%
1.17%
44,797
53,809
59,523
63,323
1.85%
1.23%
1.25%
58,680
71,403
79,474
84,777
1.98%
1.31%
1.3%
Site Type: Radius
2008 Population
Total Population
Male Population
Female Population
Median Age
2008 Income
Median HH Income
Per Capita Income
Average HH Income
In the identified market area, the current year population is 79,474. In 2000, the Census count in the market area was 71,403. The rate of
change since 2000 was 1.31 percent annually. The five-year projection for the population in the market area is 84,777, representing a change
of 1.3 percent annually from 2008 to 2013. Currently, the population is 48.6 percent male and 51.4 percent female.
Households
1990 Households
2000 Households
2008 Households
2013 Households
1990-2000 Annual Rate
2000-2008 Annual Rate
2008-2013 Annual Rate
9,878
12,617
13,895
14,792
2.48%
1.18%
1.26%
17,249
21,460
23,806
25,389
2.21%
1.27%
1.3%
22,348
28,110
31,396
33,585
2.32%
1.35%
1.36%
The household count in this market area has changed from 28,110 in 2000 to 31,396 in the current year, a change of 1.35 percent annually.
The five-year projection of households is 33,585, a change of 1.36 percent annually from the current year total. Average household size is
currently 2.46, compared to 2.45 in the year 2000. The number of families in the current year is 20,456 in the market area.
Housing
Currently, 57.9 percent of the 34,830 housing units in the market area are owner occupied; 32.3 percent, renter occupied; and 9.9 percent are
vacant. In 2000, there were 30,556 housing units— 57.5 percent owner occupied, 34.5 percent renter occupied and 8.0 percent vacant. The
rate of change in housing units since 2000 is 1.6 percent. Median home value in the market area is $100,810, compared to a median home
value of $192,285 for the U.S. In five years, median home value is projected to change by 0.67 percent annually to $104,246. From 2000 to
the current year, median home value changed by 2.83 percent annually.
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2008 and 2013. ESRI converted 1990 Census data into 2000 geography.
©2008 ESRI
On-demand reports and maps from Business Analyst Online. Order at www.esri.com/bao or call 800-292-2224
8/14/2009
Page 1 of 2
Executive Summary
Prepared By: STDBonline.com
2309 E Parker Rd
Jonesboro, AR 72404
Radius: 3.0 mile
2309 E Parker Rd
Jonesboro, AR 72404
Radius: 5.0 mile
2309 E Parker Rd
Jonesboro, AR 72404
Radius: 10 mile
Median Household Income
1990 Median HH Income
2000 Median HH Income
2008 Median HH Income
2013 Median HH Income
1990-2000 Annual Rate
2000-2008 Annual Rate
2008-2013 Annual Rate
$22,960
$31,408
$42,771
$52,691
3.18%
3.81%
4.26%
$23,197
$32,284
$44,115
$54,292
3.36%
3.86%
4.24%
$22,973
$33,312
$44,574
$53,740
3.79%
3.59%
3.81%
Per Capita Income
1990 Per Capita Income
2000 Per Capita Income
2008 Per Capita Income
2013 Per Capita Income
1990-2000 Annual Rate
2000-2008 Annual Rate
2008-2013 Annual Rate
$12,885
$17,676
$24,139
$28,813
3.21%
3.85%
3.6%
$12,391
$17,857
$24,162
$28,834
3.72%
3.73%
3.6%
$11,706
$17,457
$23,232
$27,325
4.08%
3.52%
3.3%
Average Household Income
1990 Average Household Income
2000 Average Household Income
2008 Average HH Income
2013 Average HH Income
1990-2000 Annual Rate
2000-2008 Annual Rate
2008-2013 Annual Rate
$32,877
$42,704
$57,545
$68,576
2.65%
3.68%
3.57%
$31,932
$43,966
$59,399
$70,813
3.25%
3.71%
3.58%
$30,592
$43,841
$58,171
$68,300
3.66%
3.49%
3.26%
Site Type: Radius
Households by Income
Current median household income is $44,574 in the market area, compared to $53,154 for all U.S. households. Median household income is
projected to be $53,740 in five years. In 2000, median household income was $33,312, compared to $22,973 in 1990.
Current average household income is $58,171 in this market area, compared to $73,126 for all U.S. households. Average household income
is projected to be $68,300 in five years. In 2000, average household income was $43,841, compared to $30,592 in 1990.
Current per capita income is $23,232 in the market area, compared to the U.S. per capita income of $27,916. The per capita income is
projected to be $27,325 in five years. In 2000, the per capita income was $17,457, compared to $11,706 in 1990.
Population by Employment
Total Businesses
Total Employees
3,319
25,587
4,236
34,191
4,757
37,959
Currently, 92.6 percent of the civilian labor force in the identified market area is employed and 7.4 percent are unemployed. In comparison,
93.4 percent of the U.S. civilian labor force is employed, and 6.6 percent are unemployed. In five years the rate of employment in the market
area will be 93.2 percent of the civilian labor force, and unemployment will be 6.8 percent. The percentage of the U.S. civilian labor force that
will be employed in five years is 93.9 percent, and 6.1 percent will be unemployed. In 2000, 67.2 percent of the population aged 16 years or
older in the market area participated in the labor force, and 0.0 percent were in the Armed Forces.
In the current year, the occupational distribution of the employed population is:
• 57.4 percent in white collar jobs (compared to 60.2 percent of U.S. employment)
• 15.9 percent in service jobs (compared to 16.5 percent of U.S. employment)
• 26.7 percent in blue collar jobs (compared to 23.3 percent of U.S. employment)
In 2000, 82.9 percent of the market area population drove alone to work, and 2.6 percent worked at home. The average travel time to work in
2000 was 17.5 minutes in the market area, compared to the U.S. average of 25.5 minutes.
Population by Education
In 2008, the educational attainment of the population aged 25 years or older in the market area was distributed as follows:
•
•
•
•
•
17.1 percent had not earned a high school diploma (16.4 percent in the U.S.)
32.5 percent were high school graduates only (29.6 percent in the U.S.)
4.5 percent had completed an Associate degree (7.2 percent in the U.S.)
15.8 percent had a Bachelor’s degree (17.0 percent in the U.S.)
9.0 percent had earned a Master’s/Professional/Doctorate Degree (9.7 percent in the U.S.)
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2008 and 2013. ESRI converted 1990 Census data into 2000 geography.
©2008 ESRI
On-demand reports and maps from Business Analyst Online. Order at www.esri.com/bao or call 800-292-2224
8/14/2009
Page 2 of 2