Highest Income Trade Area in the Richmond MSA

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Pearl Doyle
5 years ago
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NOW PRE-LEASING! OPENING 2018 Highest Income Trade Area in the Richmond MSA For more information, contact: CONNIE JORDAN NIELSEN Senior Vice President 804 697 3569 connie.nielsen@thalhimer.

1 NOW PRE-LEASING! OPENING 2018 Highest Income Trade Area in the Richmond MSA For more information, contact: CONNIE JORDAN NIELSEN Senior Vice President PETE WALDBAUER First Vice President ALLYSON P. WIGGINS Senior Associate Thalhimer Center W. Broad Street Glen Allen, VA Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Thalhimer No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

2 At-A-Glance is a 25-acre mixed-use development located on Midlothian Turnpike ¾ mile east of Route 288 in Midlothian, Virginia. The development will incorporate lakefront dining, pedestrian pathways, and pocket parks to create connectivity between residences, businesses, shops, and restaurants. is surrounded by the highest income trade area in the Richmond MSA. This master-planned development is pre-leasing restaurant, retail, and pad sites, as well as office and medical/office space. Additionally, 1,400+ multifamily units are underway in the immediate vicinity. Our goal is to exceed everyone s expectations. We look forward to becoming a prominent part of the Midlothian Community. - BLACKWOOD DEVELOPMENT CO., August 2017 Site Specifications Total Commercial SF Restaurant/Retail: Office: Site Size Timing ±150,000 SF 100,000 SF 50,000 SF 25 acres Late 2018/early 2019 (phased delivery) Features 1,200 feet of frontage on Midlothian Turnpike Traffic Counts Midlothian Turnpike (US Rt. 60) Full access from Midlothian Turnpike with traffic signal and median break Roundabout access from Winterfield Road Walkable, experiential, sustainable 502 new residential units 33,000 VPD 41,000 V E H I C L E S P E R D A Y Winterfield Road 8,000 VPD

Household Income $190,902 $170,658 $170,587 $149,688 $137,274 $121,445 Population 1 MILE 2 MILE 3 MILE 5 MILE 10-MINUTE 15-MINUTE Estimated Population 6,545 18,262 36,195 82,204 105,213 284,608

3 2017 Demographics Income 1 MILE 2 MILE 3 MILE 5 MILE 10-MINUTE 15-MINUTE $136,383 2 M I L E A V G. H H I N C O M E Estimated Avg. Household Income $149,909 $136,383 $136,052 $119,662 $110,101 $98,215 Projected Avg. Household Income $190,902 $170,658 $170,587 $149,688 $137,274 $121,445 Population 1 MILE 2 MILE 3 MILE 5 MILE 10-MINUTE 15-MINUTE Estimated Population 6,545 18,262 36,195 82, , , , M I N U T E P O P U L A T I O N Projected 2022 Population 6,833 19,053 37,676 85, , ,730 Census Population (2010) 5,231 16,441 32,030 74,943 98, ,550 Census Population (2000) 3,118 10,033 23,207 60,436 83, ,368 Daytime Population 3,388 7,448 14,684 42,636 64, ,007 Households 1 MILE 2 MILE 3 MILE 5 MILE 10-MINUTE 15-MINUTE 67% 3 M I L E : C O L L E G E D E G R E E + Estimated Households 2,566 7,168 13,819 31,896 41, ,357 Projected 2022 Households 2,750 7,673 14,787 34,023 44, ,046 Median Home Value $399,146 $356,629 $346,894 $298,148 $277,690 $271,264 Median Rent $1,151 $1,200 $1,140 $1,101 $1,075 $907 Retail Expenditure $1.41 B 1 0 M I N U T E : T O T A L R E T A I L E X P E N D I T U R E 1 MILE 2 MILE 3 MILE 5 MILE 10-MINUTE 15-MINUTE Total Annual Household Expenditure $239 M $624 M $1.21 B $2.54 B $3.12 B $7.75 B Total Annual Retail Expenditure $108 M $231 M $544 M $1.15 B $1.41 B $3.52 B Total Monthly Household Expenditure $7,760 $7,252 $7,277 $6,641 $6,253 $5,744 To Downtown Richmond Total Monthly Retail Expenditure $3,499 $3,272 $3,280 $3,000 (2 $2,830 Miles) $2,608

5 MULTI-TENANT RETAIL TIER 1 WATERFRONT DISTRICT TIER 5

6 MAIN STREET TIER 2 WATERFRONT DISTRICT TIER 5

8 1,400+ M U L T I F A M I L Y U N I T S U N D E R W A Y I N 1. 5 M I L E S

News, February 2017 Top 10 Best Southern Cities in 2017 (Richmond) - Southern Living Magazine, 2017 Richmond named Top 20 Cities to Start a Business - CNBC, 2016 #3 Best Places to Travel in 2016

9 Area Accolades #24 Richmond Ranked in the Top Best Places to Live in the USA - U.S. News, February 2017 Top 10 Best Southern Cities in 2017 (Richmond) - Southern Living Magazine, 2017 Richmond named Top 20 Cities to Start a Business - CNBC, 2016 #3 Best Places to Travel in 2016 (Richmond) - Travel + Leisure, December 2015 Milothian Ranked in 100 Best Places to Live - Money Magazine, 2017 #4 Richmond Named Top 10 Mid-Sized American Cities of the Future - Foreign Direct Investment Magazine, April 2015 For more information, contact: CONNIE JORDAN NIELSEN Senior Vice President connie.nielsen@thalhimer.com PETE WALDBAUER First Vice President pete.waldbauer@thalhimer.com ALLYSON P. WIGGINS Senior Associate allyson.wiggins@thalhimer.com Thalhimer Center W. Broad Street Glen Allen, VA Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Thalhimer No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

±25,473 SF New Retail Development in W. Ventura County

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