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~132 AC ON WEST HIGHWAY 290Brenham, Texas 77833
COMMERCIAL DEVELOPMENT LAND | FOR SALE
Subject Property
Brenham
Chappell Hill
Representative Photo: Academy Sports + Outdoors in New Caney, Texas
Photo Credit: ARCH-CON RETAIL
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~132 AC ON WEST HIGHWAY 290Brenham, Texas 77833
OFFERING SUMMARY
Sales Price $2,643,200
Property Highlights
• Tract1:~62AC;Tract2:~71AC(Maybedivided)
• LocatedinahighlydesirableareaofWashingtonCountybetweenBrenham&ChappellHill
• DirectaccesstoHighway290
• LocatedonlyonehourfromHouston&twohoursfromAustin
• ExcellentvisibilityfromHighway290
• Locatedonly45minutesfromCypress&theGrandParkway/Highway290connection
Subject Property
Highway 290
Tract 1
Tract 2FM 87
FM 2447
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~132 AC ON WEST HIGHWAY 290Brenham, Texas 77833
PROPERTY INFORMATION
Size ~132AC
Legal DescriptionA0075A0075-Lawrence,David,TRACT43,ACRES132.01
ID Number R16502
AccessPropertycanbeaccessedviasurfaceaccessfromhighway290
Frontage ~3,114’OnHighway290
Utilities
Electric:BluebonnetElectricCoopWater:PrivateWellSewer:PrivateSepticTelephone/Internet:UnknownNaturalGas: Propane
Flood Plain None
Traffic Counts Highway290:~22,332VPD
Subject Property
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~132 AC ON WEST HIGHWAY 290Brenham, Texas 77833
Survey
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~132 AC ON WEST HIGHWAY 290Brenham, Texas 77833
1 Mile 5 Mile 10 Mile
2017 Total Population 321 10,005 29,261
2022 Total Population 333 10,456 29,261
2017-2022 Annual Growth Rate 0.74% 0.89% 0.71%
2017 Households 117 3,843 10,751
2022 Households 122 4,035 11,176
2017 Average Home Value $192,045 $195,428 $182,345
2022 Average Home Value $208,333 $211,620 $202,406
2017 Average HH Income $73,835 $74,206 $69,544
2022 Average HH Income $81,177 $81,440 $77,311
S TAT E H I G HWAY 2 9 0O V E R 2 2 , 0 0 0 V E H I C L E S P E R D AY
(TxDOTAADT2015)
T O TA L P O P U L AT I O N O FO V E R 2 9 , 0 0 0
W I T H I N T E N M I L E R A D I U S(ESRI2017)
T O TA L H O U S E H O L D SO V E R 1 0 , 0 0 0
W I T H I N T E N M I L E R A D I U S(ESRI2017)
AV E R AG E H H I N C OM EO V E R $ 7 4 , 0 0 0
W I T H I N F I V E M I L E R A D I U S(ESRI2017)
T O TA L EM P LOY E E SO V E R 1 8 , 0 0 0
W I T H I N T E N M I L E R A D I U S(ESRI2017)
AV E R AG E H OM E VA LU EO V E R $ 1 9 5 , 0 0 0
W I T H I N F I V E M I L E R A D I U S(ESRI2017)
Sources: Infogroup, Inc & ESRI
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~132 AC ON WEST HIGHWAY 290Brenham, Texas 77833
Sources: Greater Houston Partnership Website (www.houston.org/business/regionalProfile) / Business Regional ProfileGreater Houston Partnership Website / Economy / Most Current Talking Points
BrenhamisthecountyseatofWashingtonCounty,the“BirthplaceofTexas”.BrenhamisrenownedastheheartofthebluebonnetregioninCentralTexas.WashingtonCountyisstrategicallylocatedalongHwy290midwaybetweenHoustonandAustinandeasilyaccessiblefromDallasandSanAntonio.
Brenhamisservedbyanetworkofhighways,includingHighways290&105.BrenhamishometoBlinnCollege,whichhasover14,360students,aswellasmanyproductmanufacturing companies including: Blue Bell Creameries, Sealy Mattress, Del SolFoodCompany,ValmontIndustries,LongwoodElastomers,TFECompany,MICGroupandPIComponents.
DALLAS / FORT WORTH
BRYAN / COLLEGE STATION
HOUSTON
BRENHAMAUSTIN
SAN ANTONIO
MAJOR EMPLOYERS IN THE BRENHAM AREA (FALL 2016)
COMPANY INDUSTRY SECTOR EMPLOYEES
BrenhamStateSupportedLivingCenter Government 1,051
BrenhamIndependentSchoolDistrict Education 693
BlueBellCreameries FoodManufacturer 575
BlinnCollege HigherEducation 475
Wal-MartSupertcenter Retail 385
TempurSealyInternational Manufacturing 341
GermaniaInsurance Insurance 336
Scott&WhiteHospital HealthCare 300
CityofBrenham Government 284
MICGroup Manufacturing 214
WashingtonCounty Government 236
ValmontIndustries Manufacturing 209
H-E-B GroceryRetailer 177
BrenhamWholesaleGroceryCo. GroceryRetailer 167
QuestSpecialty Manufacturing 153
Stanpac Manufacturing 145
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~132 AC ON WEST HIGHWAY 290Brenham, Texas 77833
BLINNCOLLEGEEstablished in 1883 in Washington County, Blinn’s home campusinBrenham is90mileseastofAustinandonly70milesnorthwestofHouston.Thecollege’sdeeprootsprovideasolidfoundationforlearningandliving.Blinn-Brenhamoffersstudenthousingandapartments,andisrichinon-campusactivities,athleticprograms,andoff-campusculture.
BlinnCollegeofferscertificatesand two-yeardegrees inmore than50academic&technicalareasofconcentration.Withover19,000students,BlinnisoneofthelargestcommunitycollegesinTexasandconsistentlyhasoneofthehighesttransferratesinthestate,aswellastransferringmorestudents toTexasA&Mthananyothercommunitycollege.BlinnCollege is the first county-owned community college campuses inthe State of Texas, and has campuses located in Brenham, Bryan,Schulenburg,andSealy.
BLUEBELLCREAMERIESBlueBellCreamerieswasfoundedin1907inBrenham.BlueBell isthefourthhighest-sellingicecreambrandintheUnitedStatesasawhole.Formuchofitsearlyhistory,thecompanymanufacturedbothicecreamandbutterlocally.Inthemid-20thcentury,itabandonedbutterproductionandexpandedtotheentirestateofTexasandsoonmuchoftheSouthernUnitedStates.Thecompany’scorporateheadquartersarelocatedatthe“LittleCreamery”inBrenham,Texas.
Visitorshave theopportunity tobrowse theTourCenterwhich is filledwithpictures,videosandhistoryofthe“besticecreaminthecountry.”NovisittoBlueBelliscompletewithoutagenerousscoopoficecreamfromtheparlorandatriptotheCountryStoreforauniquegiftorsouvenir.
PhotoSource:(https://www.bluebonnetelectric.coop/Community/News/articles/2016/Magazine-Stories/BLINN-
COLLEGE-Academics-and-athletics-in-the-heart)
PhotoSource:(https://www.visitbrenhamtexas.com/resource/
blue-bell-creameries/)
Sources:blinn.com
Sources:https://www.visitbrenhamtexas.com/resource/blue-bell-creameries/;https://en.wikipedia.org/wiki/Blue_Bell_Creameries
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~132 AC ON WEST HIGHWAY 290Brenham, Texas 77833
WASHINGTONONTHEBRAZOSSTATEPARKThe293-acrepark is locatedontheoriginal townsiteofWashington,whichservedasthecapitalof theRepublicofTexas.Thecomplexfeaturesastate-of-the-artVisitorsCenterwithhand-oninteractiveexhibitsthatwalk visitors through thebirthof anewnation–Texas.TheWashingtonEmporium, located in theVisitorCenter,isapremiereTexasgiftshop.
Openyear-round,theParkoffershikingtrails,grills,playground&coveredshelters,allfreeofchargefrom8amuntildark.Guidedtoursandprogramsareavailableyearround.StrolltheParktrailswhereTexaswasborn.ThishistoricsiteshowcasesIndependenceHallwheretheTexasDeclarationofIndependencewasdraftedandsignedonMarch2,1836.
TheComplex includesaConferenceCenter,EducationCenterandPavilions thatareavailable to rent forspecialoccasions–idealforgroupsupto400guests.
ANTIQUEROSEEMPORIUMThis8-acreretailgardenfeaturesantiqueroses,nativeplants,perennials,herbs,andwildflowers.Beautifulgardenstostrollandanicelittlegiftshoptoaccessorizeyourgarden.Groupsarewelcomefortours.TheAntiqueRoseEmporiumisalsoaprimelocationtoholdaweddingand/orreception.Facilitiesincludegardenswithtents,gazebo,chapel,outdoorcoveredpavilionandVictorianhouse–perfectforweddingswithupto225seatedguests.
WINETRAILWashingtonCounty is thehomeof4distinctwineries thathost toursand tastingseveryweekend. TheTexasStarWinery,inChappellHill,theSaddlehornWinery,inBurton,thePleasantHillWineryandtheWindyWinery,bothinBrenham,aregreatlocationstoenjoybreathtakingviewsandbeautyinWashingtonCounty.
INNATDOSBRISASThereisdefinitelyrestforthewearyatthelovelyInnatDosBrisas,locatedinthepicturesqueTexascountrysidejustwestofHouston.DosBrisasistheonlyForbes5-starratedrestaurantinTexas.Therestaurantisreasonalonetojourneytothisrusticranchresort—thechefpreparesmasterfulcreations,manysourcedfromtheInn’sownorganicgardens.ThehautecuisineisalittlebitFrenchandalittlebitcountry,withdishessuchaspoachedpheasantwithblack-eyedpeacassouletandchilledlobsterwithTexasRio-stargrapefruit.Theextensivewinelistincludesmorethan3,500differentvintages.
Sources:https://www.visitbrenhamtexas.com/resource/washington-on-the-brazos-state-historic-site/,https://www.visitbrenhamtexas.com/resource_type/wine-trail/https://www.visitbrenhamtexas.com/resource/antique-rose-emporium-2/MDAndersonCancerCenter(https://www.mdanderson.org/patients-family/becoming-our-patient/why-md-anderson.html)Photo Source: https://www.architecturaldigest.com/gallery/wine-vineyards-to-visit-spring
PhotoSource:http://www.antiqueroseemporium.com/independence-display-gardens
PhotoSource:http://wheretexasbecametexas.org/wp-content/uploads/2015/02/PlanYourVisit_header-212.png
PleasantHillWinery
AntiqueRoseEmporium
WashingtonontheBrazosStatePark
OTHERREGIONALTRAFFICGENERATORS
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~132 AC ON WEST HIGHWAY 290Brenham, Texas 77833
Disclaimer
ThisOfferingMemorandumwaspreparedbyOldhamGoodwinGroup,LLC(Broker)solelyfortheuseofprospectivepurchasersof132acresinBrenham,Texas,77833(Property).NeithertheBrokernortheowneroftheproperty(Owner)makesanyrepresentationsorwarranty,expressedorimplied,astothecompletenessortheaccuracyofthematerialcontainedintheOfferingMemorandum.
TheOfferingMemorandumissolelyasolicitationof interest-notanoffertosell theProperty.TheOwnerandBrokerexpresslyreservetherighttorejectanyorallexpressionsof interestorofferstopurchasethePropertyandexpresslyreservetherighttoterminatediscussionswithanyentityatanytimewithorwithoutnotice.TheOwnershallhavenolegalcommitmentorobligationstoanyentitythatisreviewingtheOfferingMemorandumormakinganoffertopurchasethePropertyunlessanduntilsuchanofferforthePropertyisapprovedbytheOwnerandthesignatureoftheOwnerisaffixedtoaRealEstatePurchaseAgreementpreparedbytheOwner.
This OfferingMemorandum is confidential. By accepting the OfferingMemorandum, you agree that youwill hold the OfferingMemorandumanditscontentsinthestrictestconfidence,thatyouwillnotcopyorduplicateanypartoftheOfferingMemorandum,thatyouwillnotdisclosetheOfferingMemorandumoranyofitscontentstoanyotherentitywithoutthepriorwrittenauthorizationoftheOwner,andthatyouwillnotusetheOfferingMemoranduminanywaydetrimentaltotheOwnerorBroker.
Theinformationabovehasbeenobtainedfromsourcesbelievedreliable.Whilewedonotdoubtitsaccuracy,wehavenotverifieditandmakenoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions,assumptionsorestimatesusedareforexampleonlyanddonotrepresentthecurrentorfutureperformanceoftheproperty.Thevalueofthistransactiontoyoudependsontaxandotherfactorswhichshouldbeevaluatedbyyourtax,financialandlegaladvisors.Youandyouradvisorsshouldconductacareful,independentinvestigationofthepropertytodeterminetoyoursatisfactionthesuitabilityofthepropertyforyourneeds.Thisinvestmentinvolvesvariousrisksanduncertainties.
Youshouldpurchaseinterestonlyifyoucanaffordacompletelossofyourinvestmentyoushouldcarefullyconsidertheriskfactorsinvolved inthis investment.Youmaynotreceiveany incomefromthis investmentnoracompletereturnofallyour investment.Historicalorcurrentrealestateperformanceisnoguaranteeoffuturerealestateinvestmentproductresults.
INFORMATION ABOUT BROKERAGE SERVICES
Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
LicensedBroker/BrokerFirmNameorPrimaryAssumedBusinessName
DesignatedBrokerofFirm
LicensedSupervisorofSalesAgent/Associate
SalesAgent/Associate’sName
Regulated by the Texas Real Estate CommissionTAR2501
Information available at www.trec.texas.govIABS1-0
LicensedNo.
LicensedNo.
LicensedNo.
LicensedNo.
Buyer/Tenant/Seller/LandlordInitials
Phone
Phone
Phone
Phone
Date
TYPES OF REAL ESTATE LICENSE HOLDERS:• A BROKERisresponsibleforallbrokerageactivities,includingactsperformedbysales
agentssponsoredbythebroker.
• A SALES AGENTmustbesponsoredbyabrokerandworkswithclientsonbehalfofthebroker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):• Puttheinterestsoftheclientaboveallothers,includingthebroker’sowninterests,• Informtheclientofanymaterialinformationaboutthepropertyortransactionreceived
bythebroker,• Answertheclient’squestionsandpresentanyoffertoorcounter-offerfromtheclient,
and• Treatallpartiestoarealestatetransactionhonestlyandfairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD):Thebrokerbecomesthepropertyowner’sagentthroughanagreementwiththeowner,usuallyinawrittenlistingtosellorpropertymanagementagreement.Anowner’sagentmustperformthebroker’sminimumdutiesaboveandmustinformtheownerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentorsubagentbythebuyerorbuyer’sagent.
AS AGENT FOR BUYER/TENANT: Thebrokerbecomesthebuyer/tenant’sagentbyagreeingtorepresentthebuyer,usuallythroughawrittenrepresentationagreement.Abuyer’sagentmustperformthebroker’sminimumdutiesaboveandmustinformthebuyerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentbythesellerorseller’sagent.
AS AGENT FOR BOTH - INTERMEDIARY:Toactasanintermediarybetweenthepartiesthebrokermustfirstobtainthewrittenagreementofeachpartytothetransaction.Thewrittenagreementmuststatewhowillpaythebrokerand,inconspicuousboldorunderlinedprint,setforththebroker’sobligationsasanintermediary.Abrokerwhoactsasanintermediary:• Musttreatallpartiestothetransactionimpartiallyandfairly,• May,withtheparties’writtenconsent,appointadifferentlicenseholderassociatedwith
thebrokertoeachparty(ownerandbuyer)tocommunicatewith,provideopinionsandadviceto,andcarryouttheinstructionsofeachpartytothetransaction.
• Mustnot,unlessspecificallyauthorizedinwritingtodosobytheparty,disclose:» thattheownerwillacceptapricelessthanthewrittenaskingprice,» thatthebuyer/tenantwillpayapricegreaterthanthepricesubmittedinawrittenoffer,and
» anyconfidentialinformationoranyotherinformationthatapartyspecificallyinstructsthebrokerinwritingnottodisclose,unlessrequiredtodosobylaw.
AS SUBAGENT:Alicenseholderactsasasubagentwhenaidingabuyerinatransactionwithoutanagreementtorepresentthebuyer.Asubagentcanassistthebuyerbutdoesnotrepresentthebuyerandmustplacetheinterestsoftheownerfirst.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• Thebroker’sdutiesandresponsibilitiestoyou,andyourobligationsunderthe
representationagreement.• Whowillpaythebrokerforservicesprovidedtoyou,whenpaymentwillbemadeand
howthepaymentwillbecalculated.
LICENSE HOLDER CONTACT INFORMATION:Thisnoticeisbeingprovidedforinformationpurposes.Itdoesnotcreateanobligationforyoutousethebroker’sservices.Pleaseacknowledgereceiptofthisnoticebelowandretainacopyforyourrecords.
OldhamGoodwinGroup,LLC 532457 [email protected] (979)268-2000
Bryan / College Station2800 South Texas Avenue, Suite 401
Bryan, Texas 77802O: 979.268.2000
Houston7102 West Sam Houston Parkway N, Suite 230
Houston, Texas 77040O: 281.256.2300
San Antonio / South Texas200 East Grayson Street, Suite 102
San Antonio, Texas 78215O: 210.404.4600
www.OldhamGoodwin.com
©OldhamGoodwinGroup,LLC.Theinformationhereinhasbeenobtainedfromsourcesdeemedreliable.Althoughwebelieveittobeaccurate,wehavenotverifieditandmakenoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,assumptions,orestimatesusedareforexampleonlyanddonotrepresentthecurrentorfutureperformanceoftheproperty.Thevalueofthistransactiondependsontaxandotherfactors,whichshouldbeevaluatedbyyourtax,financial,andlegaladvisors.Youandyouradvisorsshouldconductacareful,independentinvestigationofthepropertytodeterminetoyoursatisfactionthesuitabilityofthepropertyforyourneeds.
~132 AC ON WEST HIGHWAY 290Brenham,Texas77833
OLDHAM GOODWIN GROUP
For More Information About This Property, Please Contact
Cyndee SmithSenior Vice President | Retail and Land Services
O: 281.256.2300 | P: 713.816.3407E: [email protected]
