Morgantown, WV

Morgantown, WV
+/- 3,569 Square Feet
$2,055,000 - 6.50% Cap Rate
Investment Highlights
• 20 year absolute NNN lease with 7.5% rent bumps
every 5 years and 4 renewal options of 5 years each
• Existing location built in 1993 and remodeled in 2011 with
store sales over $1.23 million in 2013
• 57 unit operator with over 30 years experience in the QSR
industry
• Located directly off I-79 (42,000+ vehicles per day) next to
Lowe’s and Morgantown Mall anchored by
JC Penney, Elder-Beerman, Belk, Sears, and Carmike Cinemas
• Morgantown Mall, owned by Glimcher Realty Trust, is over 555,000 SF and 99% leased with a trade area of 370 square miles
and over 390,000 people
• One exit north is University Town Centre with Walmart, Target, Sam’s Club, TJ Maxx, Dick’s Sporting Goods, Bed, Bath &
Beyond, HomeGoods, Petco, Old Navy, Barnes & Noble, Giant Eagle, Hollywood Theaters, casual dining restaurants and
more
• Morgantown has been ranked as one of the best small cities in America and is home to West Virginia University with over
30,000 students
• The I-79 High Tech Corridor is a 73-mile stretch of highway that includes a multitude of colleges/universities, health care
centers, and government agencies that shaped the region’s economic landscape and will stabilize it for years to come
For investment information:
J. Tyson Glasser, CCIM • Investment Sales Advisor
tglasser@realtylinkdev.com • 864.263.5427 o • 404.435.6312 c
Jack Jamison, Broker-In-Charge
550 S. Main Street, Suite 300 • Greenville, SC 29601
864.263.5414 o • 864.232.0160 f • www.REALTYLINKDEV.com
Investment Property
2 Lawless Road
Morgantown, Monongalia County, WV 26505
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 2014 RealtyLink, LLC.
Table of Contents
Investment Summary
Brand Profile
Tenant Profile
Property Photos
Site Plan
Market Aerial
Location Maps
Market Profile
Demographics
Investment Summary
Location:
Along the I-79 High Tech Corridor in north central WV about 70 miles south of Pittsburgh, PA
Land Size:
+/- .903 Acres
Building Size:
+/- 3,569 Square Feet
Building Age:
Developed in 1993 and remodeled in 2011
Purchase Price:
$2,055,000
Cap Rate:
6.50%
Annual Base Rent:
$133,495.04 (years 1-5)
Rental Increases:
7.5% every 5 years including each option term
Store Sales:
2013
2012
2011
2010
$1,235,996$1,241,736$1,055,528$1,187,255
Tenant: GPS Hospitality, LLC (see Tenant Profile for more info)
Guarantor:
GPS Hospitality Acquisition Company, LLC and a personal guaranty (contact broker for CA)
Lease Type:
Absolute Triple Net
Lease Commencement: December 30, 2013
Base Lease Term:
20 Years
Option Terms:
4 at 5 Years
Landlord Responsibility: None
Tenant Responsibility: CAM, Taxes, Insurance, Roof, Structure, Parking Lot, etc.
Parking:
70 spaces including 2 handicap
Zoning:
C-1, Commercial 1
Traffic Counts: Fairmont Road/US Hwy 19 - 14,745 ADT (2011 WV DOT est.)
Interstate 79 - 42,570 (2011 WV DOT est.)
Demographics:
20135-Mile10-Mile15-Mile
Population67,770104,459155,731
Households28,93143,71765,145
Average HH Income
$53,358 $61,865 $59,153
Median HH Income
$31,519 $40,629 $40,296
Brand Profile
Burger King Worldwide is a Delaware corporation that franchises and operates fast food hamburger restaurants,
principally under the Burger King® brand (also referred to as the “Brand”). Since the company’s founding as a single
restaurant in Miami, Florida in 1954, they have grown to become the world´s second largest fast food hamburger
restaurant, or FFHR, chain as measured by the total number of restaurants. As of November 2013, the Burger King system
consisted of more than 13,000 restaurants in over 91 countries and territories.
Their restaurants feature flame-grilled hamburgers, chicken and other specialty sandwiches, french fries, soft drinks and
other affordably-priced food items. The Original WHOPPER®, introduced in 1957, is one of the best-known hamburger
sandwiches in the world and remains a perennial favorite. During their more than 50 years of operating history, they
have developed a scalable and cost-efficient quick service hamburger restaurant model that offers customers fast food at
affordable prices.
They generate revenues from two sources: (1) retail sales at Company restaurants; and (2) franchise revenues, consisting
primarily of royalties based on a percentage of sales reported by franchise restaurants and franchise fees paid by
franchisees as well as property income derived from properties they lease or sublease to their franchisees. Approximately
99% of current restaurants are franchised and they have a higher percentage of franchise restaurants to Company
restaurants than their major competitors in the FFHR category. They believe that their high percentage of franchise
restaurants provides them with a strategic advantage because the capital required to grow and maintain the Burger
King® system is funded primarily by franchisees.
Tenant Profile
At GPS, their name says it all because it’s the shorthand for their Values…Goals, People and Service. Everything they do
and how they make decisions are guided by these Values.
And, their destination…their Vision…is to be their Guests’ Favorite Fast Food Destination. By staying true to their Values,
they deliver what their guests expect and deserve…great tasting food served by friendly and courteous people in clean,
attractive and comfortable restaurants. As they work together to achieve their Vision, they create a Win-Win culture
where both the company and individuals are equally successful and prosperous.
They view the GPS team as partners who share the accountability to deliver the financial performance of a healthy
and growing company while providing the tools, resources and support for every individual to earn competitive
compensation and to be positioned for future growth as top performing leaders. This simple formula of Goals, People,
and Service paints a clear picture of what it takes to succeed, creates a deep pride in their work and rewards each of them
professionally, financially and personally. In short, they are committed to a culture where everybody wins.
Tom Garrett is a seasoned Quick Service Restaurant operator with over 30 years’ experience having served as both CEO
of Arby’s Restaurant Group and President of RTM Restaurant Group. Garrett has deep experience as a consolidator,
acquiring and turning around under-performing franchisees. In 2012, Garrett entered the Burger King system by forming
GPS Hospitality, LLC to acquire 42 company-owned Burger King restaurants in Atlanta, Georgia, establishing a strong
platform for growth. The turnaround in Atlanta is well underway with significant improvements in guest satisfaction,
margins and overall operations.
Scott Jasinski is Chief Financial Officer of GPS Hospitality, LLC. In this role, he is responsible for the Company’s fiscal
leadership of financial reporting and analysis. Jasinski will direct, monitor, coordinate, interpret and administer all
functional activities and policies related to treasury and finance, accounting, budgeting, and financial analysis.
Brian Arnold is Vice President of Development for GPS Hospitality, LLC. Arnold is responsible for leading the
development functions for the Company, which includes directing, monitoring, coordinating, and administering all
functional activities and policies related to new unit construction, existing unit remodeling, capital expenditures, and the
financial forecasting and closeout of all development-related activity.
For tenant financial information, please contact the broker for a Confidentiality Agreement.
Property Photos
Site Plan
Main entrance to
To Fairmont
Road and I-79
Market Aerial
To Pittsburgh
To Downtown
Morgantown
and WVU
To Charleston
Location Maps
Market Profile
The City of Morgantown is the County seat of Monongalia County located along the
Monongahela River and close to the Pennsylvania border in the north central part of
West Virginia. Morgantown was rated “No. 1 Small City in America” by BizJournals.
com. Business Insider named Morgantown the ninth best college town in America.
Within easy traveling distance of Washington, D.C., to the east, Pittsburgh, Pa., to the
north, and Cleveland and Columbus, Ohio, to the northwest. Other recent rankings:
Kiplinger.com included Morgantown in their 10 great places to live list; one of “Best
Sports Cities” by Sporting News; 5th “Best Small Metro” by Forbes; 12th overall
“Hottest Small City” by Inc.; one of “50 Smartest Places to Live” by Kiplinger’s; and the
second-ranking “Best College Town for Jobs” by Forbes.
Morgantown, a city of distinction, offers “mountains of opportunity” for business
development and expansion. This is one of the major growth areas in the State. Morgantown continues to grow and develop in many areas
including housing, manufacturing, research, and commercial sectors. Morgantown shows continued population growth for the last 20 years, and
is located in one of the fastest growing counties in the State.
Morgantown and Monongalia County have consistently seen some of the lowest
unemployment rates in the state. Some of the major employers in the area
include the National Institute of Occupational Safety and Health (NIOSH), Mylan
Pharmaceuticals, West Virginia University. A constant boost to the downtown is the fact that the Historic Downtown
Morgantown borders the main campus of West Virginia University with an average
30,000 students and 5,000 employees. Along with the University, there are over 2,500
downtown employees in local businesses and City & County public offices, creating
an average count of 3,000 pedestrians per day. West Virginia University (WVU) has divisional campuses in Charleston, Keyser, Martinsburg, and
Montgomery. The WVU System spans the state, including 518 buildings on 15,880 acres (main campus 430 buildings/1,456 acres). Eleven main
campus buildings are on the National Register of Historic Places, and WVU operates eight experimental farms and four forests throughout the
state, in addition to WVU Jackson’s Mill State 4-H Camp and Lifelong Learning Center near Weston.
Downtown Morgantown is a mixture of small retail businesses, professional services, restaurants, and residential units. Most buildings have
been in place since the turn-of-the-century. As the City grew, the historic downtown remained the focal point of the City and County. Downtown
Morgantown includes : 100 retailers, 35 restaurants, cafes, clubs, and taverns, 100 professional businesses, an 88-room Historic Hotel, the Historic
Metropolitan Theatre, over 1,675 public parking places, and an award winning Main Street Organization.
Market Profile
The Morgantown Market Place is a multi-functional, solar-paneled pavilion in
downtown Morgantown. During the week, it is known as Lot A by the Morgantown
Parking Authority, providing residents with permit parking during the day and
metered parking at night. On Saturday mornings, the Market Place becomes literally
that when the Morgantown Farmers Market rings its bell at 8:30 a.m. to signal the
start of the weekly market. Funding for the Morgantown Market Place was secured
by Main Street Morgantown. Along with the City, it sought Federal Grants as well
as Governor’s Community Participation Grants from the State Government, and
fundraised, offering donor plaques on a donor wall, featured at the forefront of the
Market Place Pavilion. It continues to raise money for an outdoor Culinary Station,
which will feature programming at each Farmers Market, showcasing what can be
done with the variety and array of produce, goods, and services that local farms,
craftsmen, and business owners offer the greater Morgantown Area.
The Morgantown Mall is the premier shopping destination in Morgantown, West Virginia. The shopping, dining, and entertainment venue is home
to Carmike Cinemas, Elder-Beerman, JCPenney, Sears, Belk, American Eagle Outfitters, Victoria’s Secret, Hollister and other popular retailers. The
mall is within easy traveling distance of Washington, D.C. and Pittsburgh, Pennsylvania, as well as Cleveland and Columbus, Ohio.
Monongalia County Schools is comprised of 10 elementary schools, 4 middle schools, and 4 high schools. Demographic and Income Profile
Prepared by Ellen Aldrich
RealtyLink, LLC
Latitude: 39.625644603
Longitude: -79.99185413
WV Morgantown BK
2 Lawless Rd, Morgantown, WV, 26501,
Ring: 5 mile radius
Summary
Census 2010
2013
2018
Population
64,715
67,770
73,797
Households
27,340
28,931
31,869
Families
11,185
11,655
12,610
2.10
2.09
2.09
Owner Occupied Housing Units
11,903
11,471
12,961
Renter Occupied Housing Units
15,437
17,460
18,908
25.9
26.4
27.6
Area
1.72%
1.95%
1.59%
2.47%
4.21%
State
0.28%
0.33%
0.12%
0.50%
3.80%
National
0.71%
0.74%
0.63%
0.94%
3.03%
2018
Average Household Size
Median Age
Trends: 2013 - 2018 Annual Rate
Population
Households
Families
Owner HHs
Median Household Income
2013
Households by Income
Number
Percent
Number
Percent
<$15,000
8,600
29.7%
9,185
28.8%
$15,000 - $24,999
3,778
13.1%
3,065
9.6%
$25,000 - $34,999
2,940
10.2%
2,708
8.5%
$35,000 - $49,999
3,255
11.3%
3,179
10.0%
$50,000 - $74,999
3,985
13.8%
4,647
14.6%
$75,000 - $99,999
2,889
10.0%
4,166
13.1%
$100,000 - $149,999
2,137
7.4%
3,130
9.8%
$150,000 - $199,999
657
2.3%
938
2.9%
$200,000+
686
2.4%
846
2.7%
Median Household Income
Average Household Income
Per Capita Income
$31,519
$53,358
$23,753
Census 2010
Population by Age
$38,743
$65,158
$29,016
2013
2018
Number
Percent
Number
Percent
Number
Percent
0-4
2,559
4.0%
2,611
3.9%
2,937
4.0%
5-9
2,133
3.3%
2,257
3.3%
2,485
3.4%
10 - 14
1,998
3.1%
2,105
3.1%
2,413
3.3%
15 - 19
7,697
11.9%
7,583
11.2%
7,911
10.7%
20 - 24
16,775
25.9%
17,437
25.7%
17,305
23.4%
25 - 34
10,359
16.0%
11,200
16.5%
12,540
17.0%
35 - 44
5,756
8.9%
5,900
8.7%
6,716
9.1%
45 - 54
6,000
9.3%
6,027
8.9%
6,257
8.5%
55 - 64
5,474
8.5%
6,031
8.9%
6,828
9.3%
65 - 74
2,933
4.5%
3,454
5.1%
4,693
6.4%
75 - 84
2,097
3.2%
2,118
3.1%
2,502
3.4%
936
1.4%
1,047
1.5%
1,213
85+
Census 2010
Race and Ethnicity
2013
1.6%
2018
Number
Percent
Number
Percent
Number
Percent
White Alone
57,260
88.5%
59,771
88.2%
64,472
87.4%
Black Alone
3,123
4.8%
3,469
5.1%
4,171
5.7%
98
0.2%
119
0.2%
154
0.2%
2,550
3.9%
2,551
3.8%
2,745
3.7%
0.1%
American Indian Alone
Asian Alone
Pacific Islander Alone
39
0.1%
41
0.1%
45
312
0.5%
367
0.5%
476
0.6%
Two or More Races
1,332
2.1%
1,452
2.1%
1,734
2.3%
Hispanic Origin (Any Race)
1,370
2.1%
1,622
2.4%
2,197
3.0%
Some Other Race Alone
Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018.
November 25, 2013
©2013 Esri
Page 1 of 6
Demographic and Income Profile
Prepared by Ellen Aldrich
RealtyLink, LLC
Latitude: 39.625644603
Longitude: -79.99185413
WV Morgantown BK
2 Lawless Rd, Morgantown, WV, 26501,
Ring: 5 mile radius
Trends 2013-2018
Annual Rate (in percent)
4
3.5
3
2.5
2
1.5
Area
State
USA
1
0.5
0
Population
Households
Families
Owner HHs
Median HH Income
Population by Age
24
22
20
Percent
18
16
14
12
10
8
6
2013
2018
4
2
0
0-4
5-9
10-14
15-19
20-24
25-34
45-54
55-64
65-74
75-84
85+
2013 Population by Race
2013 Household Income
$15K - $24K
13.1%
35-44
<$15K
29.7%
80
70
$25K - $34K
10.2%
$200K+
2.4%
$150K - $199K
2.3%
$100K - $149K
7.4%
$35K - $49K
11.3%
Percent
60
50
40
30
20
10
$50K - $74K
13.8%
$75K - $99K
10.0%
0
White
Black
Am. Ind.
Asian
Pacific
Other
Two+
2013 Percent Hispanic Origin: 2.4%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018.
November 25, 2013
©2013 Esri
Page 2 of 6
Demographic and Income Profile
Prepared by Ellen Aldrich
RealtyLink, LLC
Latitude: 39.625644603
Longitude: -79.99185413
WV Morgantown BK
2 Lawless Rd, Morgantown, WV, 26501,
Ring: 10 mile radius
Summary
Census 2010
2013
2018
Population
99,746
104,459
113,477
Households
41,346
43,717
47,947
Families
21,064
21,964
23,678
2.24
2.22
2.22
Owner Occupied Housing Units
23,239
22,984
25,598
Renter Occupied Housing Units
18,107
20,732
22,350
29.6
30.2
31.7
Area
1.67%
1.86%
1.51%
2.18%
4.51%
State
0.28%
0.33%
0.12%
0.50%
3.80%
National
0.71%
0.74%
0.63%
0.94%
3.03%
2018
Average Household Size
Median Age
Trends: 2013 - 2018 Annual Rate
Population
Households
Families
Owner HHs
Median Household Income
2013
Households by Income
Number
Percent
Number
Percent
10,001
22.9%
10,509
21.9%
$15,000 - $24,999
5,172
11.8%
4,133
8.6%
$25,000 - $34,999
4,306
9.9%
3,876
8.1%
$35,000 - $49,999
5,303
12.1%
5,134
10.7%
$50,000 - $74,999
7,140
16.3%
8,202
17.1%
$75,000 - $99,999
4,930
11.3%
6,839
14.3%
$100,000 - $149,999
4,348
9.9%
5,989
12.5%
$150,000 - $199,999
1,183
2.7%
1,647
3.4%
$200,000+
1,330
3.0%
1,614
3.4%
<$15,000
Median Household Income
Average Household Income
Per Capita Income
$40,629
$61,865
$26,527
Census 2010
Population by Age
$50,656
$75,604
$32,523
2013
2018
Number
Percent
Number
Percent
Number
Percent
0-4
4,658
4.7%
4,721
4.5%
5,179
4.6%
5-9
4,387
4.4%
4,549
4.4%
4,880
4.3%
10 - 14
4,242
4.3%
4,449
4.3%
4,953
4.4%
15 - 19
9,943
10.0%
9,736
9.3%
10,187
9.0%
20 - 24
18,671
18.7%
19,515
18.7%
19,272
17.0%
25 - 34
14,812
14.8%
15,737
15.1%
17,136
15.1%
35 - 44
10,747
10.8%
10,953
10.5%
12,060
10.6%
45 - 54
11,487
11.5%
11,570
11.1%
11,935
10.5%
55 - 64
10,314
10.3%
11,435
10.9%
12,715
11.2%
65 - 74
5,595
5.6%
6,655
6.4%
9,085
8.0%
75 - 84
3,468
3.5%
3,543
3.4%
4,252
3.7%
1,421
1.4%
1,596
1.5%
1,824
85+
Census 2010
Race and Ethnicity
2013
1.6%
2018
Number
Percent
Number
Percent
Number
Percent
White Alone
90,977
91.2%
95,044
91.0%
102,483
90.3%
Black Alone
3,518
3.5%
3,918
3.8%
4,724
4.2%
148
0.1%
175
0.2%
221
0.2%
2,932
2.9%
2,934
2.8%
3,153
2.8%
0.0%
American Indian Alone
Asian Alone
Pacific Islander Alone
48
0.0%
49
0.0%
54
372
0.4%
433
0.4%
560
0.5%
Two or More Races
1,751
1.8%
1,907
1.8%
2,284
2.0%
Hispanic Origin (Any Race)
1,728
1.7%
2,045
2.0%
2,778
2.4%
Some Other Race Alone
Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018.
November 25, 2013
©2013 Esri
Page 3 of 6
Demographic and Income Profile
Prepared by Ellen Aldrich
RealtyLink, LLC
Latitude: 39.625644603
Longitude: -79.99185413
WV Morgantown BK
2 Lawless Rd, Morgantown, WV, 26501,
Ring: 10 mile radius
Trends 2013-2018
4.5
Annual Rate (in percent)
4
3.5
3
2.5
2
1.5
Area
State
USA
1
0.5
0
Population
Households
Families
Owner HHs
Median HH Income
Population by Age
18
16
14
Percent
12
10
8
6
2013
2018
4
2
0
0-4
5-9
10-14
15-19
20-24
25-34
35-44
45-54
55-64
65-74
75-84
85+
2013 Population by Race
2013 Household Income
90
$15K - $24K
11.8%
80
<$15K
22.9%
$25K - $34K
9.9%
70
$35K - $49K
12.1%
$200K+
3.0%
$150K - $199K
2.7%
Percent
60
50
40
30
20
$100K - $149K
9.9%
$50K - $74K
16.3%
$75K - $99K
11.3%
10
0
White
Black
Am. Ind.
Asian
Pacific
Other
Two+
2013 Percent Hispanic Origin: 2.0%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018.
November 25, 2013
©2013 Esri
Page 4 of 6
Demographic and Income Profile
Prepared by Ellen Aldrich
RealtyLink, LLC
Latitude: 39.625644603
Longitude: -79.99185413
WV Morgantown BK
2 Lawless Rd, Morgantown, WV, 26501,
Ring: 15 mile radius
Summary
Census 2010
2013
2018
150,096
155,731
165,946
Households
62,327
65,145
69,928
Families
34,519
35,613
37,558
2.27
2.26
2.25
Owner Occupied Housing Units
38,575
38,123
41,301
Renter Occupied Housing Units
23,752
27,021
28,627
33.1
33.7
35.0
Area
1.28%
1.43%
1.07%
1.61%
4.54%
State
0.28%
0.33%
0.12%
0.50%
3.80%
National
0.71%
0.74%
0.63%
0.94%
3.03%
2018
Population
Average Household Size
Median Age
Trends: 2013 - 2018 Annual Rate
Population
Households
Families
Owner HHs
Median Household Income
2013
Households by Income
Number
Percent
Number
Percent
13,615
20.9%
13,896
19.9%
$15,000 - $24,999
8,343
12.8%
6,706
9.6%
$25,000 - $34,999
7,167
11.0%
6,268
9.0%
$35,000 - $49,999
8,093
12.4%
7,853
11.2%
$50,000 - $74,999
11,086
17.0%
12,641
18.1%
$75,000 - $99,999
7,577
11.6%
10,379
14.8%
$100,000 - $149,999
6,045
9.3%
8,008
11.5%
$150,000 - $199,999
1,590
2.4%
2,206
3.2%
$200,000+
1,624
2.5%
1,967
2.8%
<$15,000
Median Household Income
Average Household Income
Per Capita Income
$40,296
$59,153
$25,259
Census 2010
Population by Age
$50,311
$71,408
$30,577
2013
2018
Number
Percent
Number
Percent
Number
Percent
0-4
7,468
5.0%
7,523
4.8%
8,028
4.8%
5-9
7,120
4.7%
7,377
4.7%
7,722
4.7%
10 - 14
7,096
4.7%
7,241
4.6%
7,831
4.7%
15 - 19
13,382
8.9%
13,020
8.4%
13,422
8.1%
20 - 24
22,288
14.8%
23,015
14.8%
22,400
13.5%
25 - 34
21,147
14.1%
22,263
14.3%
23,487
14.2%
35 - 44
17,197
11.5%
17,423
11.2%
18,601
11.2%
45 - 54
18,586
12.4%
18,546
11.9%
18,788
11.3%
55 - 64
17,297
11.5%
18,895
12.1%
20,228
12.2%
65 - 74
9,868
6.6%
11,499
7.4%
15,233
9.2%
75 - 84
6,138
4.1%
6,164
4.0%
7,197
4.3%
2,511
1.7%
2,764
1.8%
3,010
85+
Census 2010
Race and Ethnicity
2013
1.8%
2018
Number
Percent
Number
Percent
Number
Percent
White Alone
138,439
92.2%
143,176
91.9%
151,398
91.2%
Black Alone
5,193
3.5%
5,774
3.7%
6,840
4.1%
260
0.2%
302
0.2%
366
0.2%
3,158
2.1%
3,181
2.0%
3,438
2.1%
0.0%
American Indian Alone
Asian Alone
Pacific Islander Alone
58
0.0%
61
0.0%
71
478
0.3%
541
0.3%
681
0.4%
Two or More Races
2,510
1.7%
2,698
1.7%
3,151
1.9%
Hispanic Origin (Any Race)
2,189
1.5%
2,550
1.6%
3,362
2.0%
Some Other Race Alone
Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018.
November 25, 2013
©2013 Esri
Page 5 of 6
Demographic and Income Profile
Prepared by Ellen Aldrich
RealtyLink, LLC
Latitude: 39.625644603
Longitude: -79.99185413
WV Morgantown BK
2 Lawless Rd, Morgantown, WV, 26501,
Ring: 15 mile radius
Trends 2013-2018
4.5
Annual Rate (in percent)
4
3.5
3
2.5
2
1.5
Area
State
USA
1
0.5
0
Population
Households
Families
Owner HHs
Median HH Income
Percent
Population by Age
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0
2013
2018
0-4
5-9
10-14
15-19
20-24
25-34
35-44
45-54
55-64
65-74
75-84
85+
2013 Population by Race
2013 Household Income
$15K - $24K
12.8%
90
80
$25K - $34K
11.0%
<$15K
20.9%
70
$200K+
2.5%
$35K - $49K
12.4%
$150K - $199K
2.4%
$100K - $149K
9.3%
Percent
60
50
40
30
20
10
$50K - $74K
17.0%
$75K - $99K
11.6%
0
White
Black
Am. Ind.
Asian
Pacific
Other
Two+
2013 Percent Hispanic Origin: 1.6%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018.
November 25, 2013
©2013 Esri
Page 6 of 6