PHARR TOWN CENTER Pharr [McAllen], TX N. Jackson Road at US Expressway 83 Andrew Sudderth Steve Greenberg 512-485-0797 asudderth@theretailconnection.net 214-572-8403 sgreenberg@theretailconnection.net 2525 McKinnon Street, Suite 700 Dallas, Texas 75201 214.572.0777 www.theretailconnection.net 03/10/10 2008 The Retail Connection, L.P. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
REST. REST. 7,000 7,000 SF SF HOTEL RETAIL 2,500 SF RETAIL 3,125 SF 7,200 SF Nails RESTAURANT 6,000 SF Nail Nail Salon Sub Shop Sub Shop LOI Proposed At Lease Executed Available
PROPERTY INFORMATION GLA: AVAILABILITY: LEASE RATE: TRAFFIC COUNTS: 465,017 SF Inline Retail Space Anchor Positions Pad Sites Call for Rates US Expressway 83: 122,048 VPD N. Jackson Road: 24,112 VPD DEMOGRAPHICS: 5 MILE 10 MILE 15 MILE TRADE AREA 2015 Population 226,567 542,930 741,374 1,344,165 2015 Average HH Income $55,956 $55,433 $52,653 $50,193 2015 Median HH Income $40,691 $42,511 $40,232 $37,985 MAJOR EMPLOYERS ALL SECTORS La Joya Independent School District Convergys Corp The University of Texas - Pan American South Texas College McAllen Medical Center Rio Grande Regional Hospital H-E-B Foods Wal-Mart Supercenter Edinburg Regional Medical Center Mission Hosptial MANUFACTURING & WHOESALE Value Frozen Foods, Inc. Emerson Network Power Valley Coca Cola Bottling Co. Texas Citrus Exchange Tri-City Steel International Paper Southern Steel Fabricators Plantation Produce Co. A-W Produce Co. Burton Auto Supply
MARKET INFORMATION Pharr/McAllen, Texas MSA is ranked 12th in the United States and 3rd in the state of Texas in retail sales Pharr/McAllen is in the top 25 strongest home sales Forbes ranked the Valley as the #1 fastest growing real estate market in the nation The Valley is the 3rd lowest cost of living in the nation Including the Mexican trade, the Pharr/McAllen MSA population trade area is in excess of 6 million people Population of Pharr/McAllen trade area is 800,000 #1 Job Growth in the United States #2 in Wage and Salary Growth in the United States #10 Fastest Growing Metro in the United States The Rio Grande Valley is represented by 40 of the top 100 retailers CNN ranked Pharr/McAllen the 15th most recession proof trade area McAllen is the retail center of South Texas and Northern Mexico, drawing from a consumer base of over 82 million people. This sector has become the driving force in McAllen s economy, growing at staggering 138% over the last 10 years, to over $3.58 billion and employing 27% of the workforce. The McAllen area has also been successful in attracting a number of call centers as a result of a young and trainable workforce. A few of the call centers are Converges, T-Mobile, Merkafon, Hotel.com and Ticketmaster. In Hidalgo County, cross-border cargo and vehicular traffic have increased 345% and 36.4% respectively since the beginning of 1990 s, from 228,133 to 1,015,554 cargo trucks in 2008 and from 10.92 million to 14.9 million automobiles. US/Mexico trade crossing the international bridge in Hidalgo County increased from $5 billion in 1994, pre-nafta, to $12.56 billion in 2000 and $19.9 billion in 2006. From 1995-2006 the Rio Grande Valley share of NAFTA trade increased 168% from $11.1 billion to $31.6 billion.
McAllen... the Jewel in the Valley Crown! The McAllen, Mission, Edinburg MSA and Reynosa, Mexico comprise a dynamic community with a combined population of 1.7 million. During the past two decades, this area has made bold advances, with unprecedented growth in both population and industrial attraction. McAllen MSA Rankings: #1 Ranked Mid-Size Market City for Restaurant Expansions #1 of the Top 10 Mid-Markets of the Past Decade #4 Ranked for Best Mid-Sized Cities for Jobs by Forbes Magazine Top Metro in U.S. for Job Growth Pharr MSA Rankings: #1 in U.S. for Job Growth in the State #2 Cost of Living in the State #2 Fastest Growing City in the State of Texas #8 Fastest Growing City in the United States
McAllen... the Jewel in the Valley Crown! Retail Trade McAllen is the retail center of South Texas and Northern Mexico, drawing from a consumer base of over 10 million people within a 200-mile radius. In the bi-national metropolitan area, McAllen retailers serve a market population of 1.8 million. McAllen is represented by 40 of America s top 100 retailers and is ranked 3rd in Texas in per capital sales tax receipts. La Plaza remains one of the Simon Properties highest grossing retail malls (per square foot) in the United States, boasting average sales of over $900.00 per square foot. Many national retailers located there are among the most profitable stores in their chains. The mall is known to generate more than 18 million visitors annually. Considering that the State s population is almost 27 million and statewide retail sales were approximately $350 billion, per capita retail sales statewide amounts to $14,790 while McAllen s is almost two times the state average and 153% of the average of the top 20. Bridge Crossings Two-way traffic across the International Bridges in the Rio Grande Valley handled more than 35.6 million cars and cargo trucks in 2006 as compared to 15.9 million in Laredo. The City of McAllen has owned and operated the international bridge at Hidalgo/Reynosa since 1960. On a typical day, two-way traffic will consist of 26,000 vehicles (non-commercial transits) and over 10,000 pedestrians. The Pharr-Reynosa International Bridge, located four miles east of the Hidalgo/Reynosa crossing, opened in January 1995. Two-way traffic is currently 13,694 cars and trucks per day. The trend is clear. The present rate of growth, a third international bridge will be needed in the near future. With the implantation of NAFTA and the continued integration of the maquilas operations, many companies are recognizing the McAllen MSA as an excellent location for their regional and corporate-support facilities. McAllen provides companies with close proximity to the principal manufacturing plants and the emerging new markets in Mexico, Central and South America. The McAllen MSA is home to nearly 100 Fortune 500 company operations.
THE McAllen Pharr retail CONNECTION Encino Encino Encino Guerra Guerra Guerra Pharr Town Center Trade Area "A" San ManuelSan SanManuelManuelLinn Linn Linn Los Los Los Villareales Villareales Villareales Trade Area "C" La La La Victoria Victoria Victoria Mission Mission Mission M ile s Edinburg Edinburg Edinburg 2015 Population Density Nurillo Nurillo Nurillo McAllen McAllen McAllen Willamar Willamar Willamar le s Mi.03 6 4 29.1 52.29 Mi les 20.2 1 Miles Roma Creek Roma RomaCreek Creek Trade Area "B" North North North Alamo Alamo Alamo Pharr Pharr Pharr s 43.07 Mile Weslaco Weslaco Weslaco Arroyo GardensArroyo ArroyoGardensGardensLa Tina Ranch La LaTina TinaRanch Ranch by Block Group 1 Dot = 50 People Harlingen Harlingen Harlingen Mercedes Mercedes Mercedes 68.36 Miles Brownsville Brownsville Brownsville : R:\MapInfo Workspaces & Tables\Texas\McAllen\Retailers & Restaurants\Pharr Town Center\Polygon ABC Map 2525 McKinnon Street, Suite 700 Dallas, Texas 75201 214.572.0777 www.theretailconnection.net This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
Polygon Demos DEMOGRAPHICS TRADE AREA A TRADE AREA B TRADE AREA C TRADE AREA ABC 2015 Total Population 900,448 184,913 258,804 1,344,165 2020 Total Population 993,020 191,780 277,271 1,462,071 % Population Change 2015-2020 10.28% 3.71% 7.14% 8.77% 2015 Total Households 250,427 56,019 72,812 379,259 2020 Total Households 275,676 58,139 77,873 411,688 % Households Change 2015-2020 10.08% 3,78% 6.95% 8.55% 2015 Average Household Size 3.6 3.2 3.5 3.5 % Family Households 83.75% 79.20% 83.31% 82.99% 2015 Total Daytime Population 823,047 188,774 247,568 1,259,389 2015 Average Household Income $50,735 $50,054 $48,435 $50,193 2015 Median Household Income $38,649 $37,482 $36,087 $37,985
113 T E X A S West Sharyland Edinburg HOBBY LOBBY T E R S TH O T O EP D H 281 N 23rd S t Palmhurst C E N ME E N 10 th S t C R E A T I V E Lopezville E Nolana Ave McAllen Mission N Jack s on Rd N M ccol l Rd N Conwa y Ave 281 Pharr 374 T E X A S O D EP O TH ME T E 83 O D EP O TH ME T E 83 HOBBY LOBBY H 83 H W US-8 3 C R E A T I V E C E N T E R S 374 T E X A S 83 W Cen ter Ave 281 San Juan LA PLAZA MALL Owner: Simon 1,184,895 sf Dillard s, Macy s, Sears, JC Penney, Shoe Dept., Banana Republic R:\MaPublisher Data\Texas\McAllenTrade Area Aerial.ai This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
N Jac kson Rd N McCo ll Rd N C ol Ro we Blvd 83 E US-8 3 W Cen ter Ave E Jackso n Ave W S am H ouston B lvd S Jacks o n Rd 83 E Ridge R d 0 0.25 R:\MaPublisher Data\Texas\DFW\Fliers\Pharr - Pharr Town Center\Zoom Aerial_new.ai 0.5 Miles This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
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LEASING TEAM Steve Greenberg Executive Vice President Brokerage 214.572.8403 sgreenberg@theretailconnection.net Andrew Sudderth Senior Vice President Brokerage 512.485.0797 asudderth@theretailconnection.net