521 west grand parkway south...+ strong employment hub: located within the epicenter of the thriving...
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521 WEST GRAND PARKWAY SOUTHK AT Y, TEX A S
FOR MER CR EDIT U NION FOR SA LEHIGHLY DESIR A BLE TR A DE A R EA
CON TACTS
521 WEST GRAND PARKWAY SOUTH
521 WEST GRAND PARKWAY SOUTH
KATY, TEXAS 77494
CONFIDE NTIAL OFFE RING ME MOR ANDUM
D a Y u , L L C Principal
521 W G r and Pa r k way S
PROPERT Y 521 WEST GRAND PARKWAY SOUTHGL A ±3,000 SF
L A N D 31 ,999 SF/ ± .735 ACRES
LOCAT ION 521 W GRAND PARK WAY SK AT Y, TEX AS 77494
PR ICE $1 ,650,000
+ High Traffic Counts and Strong Visibility: Located near the major intersection of I-10 and the Grand Parkway, west Houston’s dominant north-south thoroughfare, the Property features a highly visible pylon sign, and benefits from exposure to 87,000 CPD. Additionally, the Property is positioned along Peek Road and Kingsland Blvd, providing direct access to the established neighborhoods surrounding the Property.
+ Strong Employment Hub: Located within the epicenter of the thriving Katy economy, the Property is supported by a signficant daytime population of 84,000 people and 3,000+ businesses within a three-mile radius, including Memorial Hermann Katy Hospital, a 208-bed facility.
+ Affluent Demographics: The Property is surrounded by a dense, well-educated population with more than 44% achieving a Bachelor’s degree or higher and average household incomes of $107,000 within a five-mile radius.
+ Ideal End-User Opportunity: The Property is situated along the Grand Parkway and is comprised of a ±3,000 SF freestanding former credit union building and five drive-thru lanes. The former credit union was the top-performing branch location for Member’s Choice Credit Union (MCCU) and is available for sale. MCCU is expanding and relocating to a nearby site.
+ Established Housing Market: Nestled in the heart of Katy, TX, at the crux of the Grand Parkway and Interstate-10 (I-10), the property is located in immediate proximity to 39,000 homes with average home values of $291,000.
OV ERV I E W
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EXECUTIVE SUMMARY
521 West Grand Parkway South is a 3,000 SF former credit union located in Katy, Texas. The Property’s position along the Grand Parkway creates an ideal end-user opportunity. Previously occupied by soon-to-be relocated Member’s Choice Credit Union, the Property has been a top-performing location for the credit union which is a testament to the Property’s attributes and long-standing viability.
The Property is situated in close proximity to several major employers and economic generators creating an incredible daytime population of over 162,000 people within a five-mile radius. Additionally, 521 West Grand Parkway South is located within a strong and growing housing market and within three miles of 14 schools that serve more than 12,600 students. Within five miles of the Property there are over 59,000 homes with an average value of in excess of $323,000.
The Katy trade area is highly sought after due to its flourishing master planned residential communities, company headquarters, expanding businesses, award-winning school district and close proximity to the Energy Corridor. The Energy Corridor is the third largest employment center in Houston with over 94,000 jobs.
GL A ±3,000 SF
L A N D 31 ,999 SF/ ± .735 ACRES
OCCU PA NC Y 0% AS OF JANUARY 2020
PR ICE $ 1 , 6 5 0,000
Located 25 miles west of Houston’s Central Business District, Katy is a nationally recognized, premier suburb of Houston with one of the top-rated and fastest growing school districts in the Houston MSA. The area has experienced tremendous growth over the past 25 years and since 2010 has expanded by more than 21%, bringing the current population to over 340,000 people. Katy is expected to grow an additional 15% over the next five years, bringing the population to 550,000 by the year 2035.
The economy in the greater Katy area includes over 11,000 companies with over 200 corporate headquarters, attributing to over $21 billion in sales. Situated along Interstate 10, Katy is adjacent to Houston’s renowned Energy Corridor with over 24 million SF of office. Leading area employers in Katy and the Energy Corridor include: Katy ISD, Academy Sports, BP North America, ConocoPhillips, GEICO, Schlumberger, Methodist Hospital West, Texas Children’s Hospital West and Memorial Hermann Katy.
Katy is comprised of 13 master-planned communities with over 108,000 total homes. The property is located in close proximity to notable communities including Falcon Point, Cimarron and Cinco Ranch, an affluent 8,092 acre master-planned community which has previously claimed the top spot as the most active community of home building in the United States and has fueled the residential growth in Katy for the last two decades.
LOCATION I N V EST M EN T OPPORT U N IT Y
3 ,000 S F FREESTANDING BU ILDING WITH GREAT CIRCULATION I DEAL FOR BANK , MEDICAL / D E N T A L , OFFICE OR RETAIL E ND - USER
V I S I BLE FROM GRAND PARKWAY WITH OVE R 87,000 CARS PER DAY AND LESS THAN ONE M I LE FROM INTERSTATE 1 0
SURROUNDED BY H IGHLY SOUGHT AFTER E STABLI SHED NEIGHBORHOODS I NCLUDING OVER 39,000 HOMES WITH I N A 3 -MI LE R ADIUS
R APIDLY E XPANDING TR ADE AREA WITH A DENSE POPUL ATION OF 274,000 PEOPLE WITH IN A 5 - MI LE R ADIUS
S ITUATED WITH I N DENSE EMPLOYMENT HUB COMPR I SED OF OVE R 12 .6 M I LLION SF OF OFF I CE , MEDI CAL AND FLE X I NDUSTR I AL SPACE
*Subject to change
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DETAILS
A DDR E S S521 W GR AND PARK WAY SK AT Y, T X 77494
L A N D A R E A 31 ,999 SF/ ± .735 ACRES
GL A ±3,000 SF
Y E A R BU I LT 2001 (HCAD)
OCCU PA NC Y 0% AS OF JANUARY 2020
PA R K I NG SPACE S 23 (7.7/1 ,000)
DR I V E-T H RU L A N E S FIVE L ANES
2 018 T R A F F IC COU N TS GR AND PARK WAY: K INGSL AND BLVD:
DEMOGR A PH IC SNA PSHOT
1 M I L E 3 M I L E 5 M I L E
TOTAL POPUL ATION 14,759 116,728 274,944
DAY TIME POPUL ATION 7,504 84,430 162,598
PROJECTED POPUL ATION GROW TH 2019 TO 2024 33.33% 29.75% 31.26%
AVER AGE HOUSEHOLD INCOME $92,133 $99,545 $107,575
87,163 CPD20, 372 CPD
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610
10
10
225
8
8
6
99
36
6
45
45
249
290
8TOLL
8TOLL 10
288
90
59
90
CYPRESS
TOMBALL
THE WOODLANDS
SPRING
HUMBLE
CLEVELANDCONROE
HEMPSTEAD
SEALY
KATY
ROSENBERG
SUGAR LAND
PEARLAND
ALVINNEEDVILLE
BAYTOWN
PASADENA
ANAUAC
DAYTON
LIBERTY
MOSS HILL
TEXAS CITY
GALVESTON
WILLIAM P.HOBBY AIRPORT
GEORGE BUSHINTERCONTINENTAL
AIRPORT
ELLINGTONFIELD
AIRPORT
99
59
69
336
CORRIDOR
DISTRICT
ENERGY
GALLERIA WESTCHASE
GREATER HEIGHTS
SPRINGVALLEY
HOUSTON CBD
MONT BELVIEU
LOCATION MAP
521 WEST GRAND PARKWAY SOUTH
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AERIAL - TRADE AREA OVERVIEW
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AERIAL - RESIDENTIAL OVERVIEW
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AERIAL - MAJOR EMPLOYER OVERVIEW
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SITE OVERVIEW
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SITE PLAN*
Pylon SignMonument
Sign
±3,000 SF
Covered Walkway
WES
T G
RAN
D P
ARK
WAY
SO
UTH
(FEE
DER
RO
AD
)
PEEK ROAD
Driv
e-Th
ru C
anop
y
*NOT TO SCALE
FLOOR PLAN*
*NOT TO SCALE
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521 W G r and Pa r k way S
INTERIOR PHOTOS
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MARKET OVERVIEW - TEX AS
POPUL ATION
29,104,064
FASTEST GROWINGECONOMYIN THE U.S.
DALLAS#1 FA ST E ST GROW I NG HOUSI NG M A R K ET 2 018
#1 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y
FORT WORTHTOP 2 0 L A RGE U. S . CI T I E S TO STA RT A BUSI N E S S 2 018
HOUSTON #1 TOP U. S . M ET ROS FOR JOB GROW T H 2 018
# 2 FA ST E ST GROW I NG HOUSI NG M A R K ET
AUSTIN #1 BE ST PL ACE TO L I V E 2 018
#12 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y
SAN ANTONIO#14 BE ST PL ACE TO L I V E 2 018
2nd
TOP STATE FOR JOB GROW TH391,800 JOBS CREATED IN 2018
L A RGE ST CI V I L I A NL A BOR WOR K FORCE:
13+ MILLION WORKERS
48L A RGE ST M EDICA L CEN T ER Texas Medical Center, Houston 2N D L A RGE ST CA NCER CEN T ER MD Anderson, Houston
OVER 3,000 COMPANIESHAVE LOCATED OR EXPANDED FACILITIES IN TEXAS SINCE 2009
BEST STATE FOR BUSINESSFOR THE 15TH YEAR IN A ROW BYCHIEF EXECUTIVE MAGAZINE
AWA R DED 2 018 GOV ER NOR’S CU PFOR THE MOST NEW & EXPANDED CORPORATE FACILITIES: 608
NO STATE INCOME TAX
2nd
FORT U N E 50 0 COM PA N IE SCA L L T EX A S HOM E
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MARKET OVERVIEW - HOUSTON MSA
W IT H I N T H E
TOP 10 CITIESFOR JOB GROWTH21 FORT U N E 50 0
COMPA NIES BASED IN HOUSTON
R ETA IL M A R K ET
3,630,000 SF U N DER CONST RUCT ION
94.8% OCCU PA NC Y R AT E
391,800,000 SF TOTA L I N V EN TORY
2,380,000 SF 12 MO. N ET A BSOR P T ION
OVER $124 BILLIONGROSS ANNUAL RETAIL SALES
POPUL ATION
7,026,738 LARGESTCITY IN THE UNITED STATES
4th
HOME SALE PRICES UP OVER THE LAST 12 MONTHS
2.4%
ENERGY CAPITAL OF THE WORLDHOME TO 39 OF THE NATION’S LARGEST PUBLICLY TRADEDOIL AND GAS EXPLORATION & PRODUCTION FIRMS
PORT OF HOUSTONLARGEST PORT ON THE GULF& 2ND LARGEST IN THE U.S.GENERATES $5.6 BILLION IN STATE AND LOCAL REVENUE
68%U.S. GULF COAST CONTAINER TRAFFIC
GEORGE BUSH INTERCONTINENTAL AIRPORT: SERVES OVER 170 DESTINATIONS WITH NONSTOP FLIGHTS
HOBBY AIRPORT: NOW SERVES NEARLY 60 DESTINATIONS
58 MILLION AIRLINE PASSENGERS
Texas Comptroller data, 2018
TEX AS MEDICAL CENTERLARGEST MEDICAL COMPLEX IN THE WORLD
(1% OF TOTAL INVENTORY)
PASSES THROUGH THE PORT OF HOUSTON
CoStar data, January 2019
L A RGE ST EM PLOY ER S
MEMORIAL HERMANN HEALTH SYSTEM 24,108 Employees
THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER 21,086 Employees
HOUSTON METHODIST 20,000 Employees
UNITED AIRLINES 14,941 Employees
SCHLUMBERGER 12,069 Employees
SHELL OIL CO 11,507 Employees
EX XONMOBIL 11,000 Employees
TEX AS CHILDREN’S HOSPITAL 10,992 Employees
HCA 10,830 Employees
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DEMOGRAPHICS
1 M I R A DI US 3 M I R A DI US 5 M I R A DI US
POPUL ATION
TOTAL POPUL ATION 14,759 116,728 274,944
TOTAL DAY TIME POPUL ATION 7,504 84,430 162,598
PROJECTE D POPUL ATION GROW TH 2019 TO 2024 33.33% 29.75% 31.26%
2024 PROJECTE D POPUL ATION 19,678 151,456 360,895
% FE MALE POPUL ATION 51.52% 51.09% 50.92%
% MALE POPUL ATION 48.48% 48.91% 49.08%
ME DIAN AGE 34.9 35.9 35.2
BUSINESS
TOTAL E MPLOYE ES 3,765 41,637 72,874
TOTAL BUSINESSES 282 3,253 5,185
WHITE COLL AR E MPLOYE ES 27% 32% 33%
HOUSEHOLD INCOME
ESTIMATE D AVE R AGE HOUSE HOLD INCOME $92,133 $99,545 $107,575
ESTIMATE D ME DIAN HOUSE HOLD INCOME $76,627 $90,511 $100,523
ESTIMATE D PE R CAPITA INCOME $38,447 $38,259 $40,452
HOUSEHOLD
TOTAL HOUSING UNITS 5,388 39,495 89,459
% HOUSING UNITS OWNE R - OCCUPIE D 67.93% 72.39% 75.22%
% HOUSING UNITS RE NTE R - OCCUPIE D 32.05% 27.61% 24.78%
R ACE & ETHNICIT Y
% WHITE 58.14% 75.80% 74.80%
% BL ACK OR AFRICAN AME RICAN 9.30% 9.20% 9.30%
% A SIAN 7.34% 0.60% 0.60%
% OTHE R 2.23% 5.30% 5.80%
% HISPANIC POPUL ATION 23.00% 0.00% 0.00%
% NON HISPANIC POPUL ATION 77.00% 23.10% 23.60%