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Leasing | Tenant Representation | Development | Land Brokerage | Acquisition | Property Management
NEC of US 290 & Mueschke | Cypress, Texas
Ashley Strickland | David K. Meyers | 281.477.4300
Cypress Lakes Crossing
100% Leased
04.16
Historical Housing Activity Summary
Houston Premium Outlets
Cypress TowneCenter
Cy-Fair Town
Center
ColesCrossing
6/12/15 • GE-4/8/14
• Price Range $111K - $650K• 2,288 Homes• Friendswood Development Co.
Fairfield (SE Side)
• Price Range $105K - $1.2 Million• 2,086 Homes
Villages ofCypress Lakes
• Price Range $229K - $347K• 485 Homes
Sydney Harbour
• Price Range $171K - $287K• 833 Homes
Stablewood
• Price Range $67K - $311K• 1,194 Homes
Cypress Point
• Price Range $179K - $286K• 441 Homes
Northlake Forest
• Price Range $146K - $558K• 2,526 Homes• 101 Townhomes
Coles Crossing
• Price Range $84K - $203K• 1,516 Homes
Cypress Mill
• Price Range $152K - 1.1 Million• 842 Homes (1Q/2015)
Blackhorse Ranch• Price Range $180K - $1.1 Million• 2,129 homes (1Q/2015)• 20,000 homes when completed• By the Howard Hughes Corporation
Bridgeland
3,290 StudentsCypress Woods HS
Spillane Middle1,390 Students
Aprox. 1,700 EmployeesSysco Business Services
Ski
nner
Rd
Jarvis Rd
Bark
er C
ypre
ss R
d
Spring Cypress Rd
Old Washington County Rd / Hempstead Hwy
Cypress
Mueschke Rd
290
Houston Baytown
Texas City
Galveston
Pearland
Sugar Land
Katy
Conroe
The Woodlands
Spring
Cypress
45
45
10
610
610
59
59
90
90
90
TOLL
99
TOLL
99
TOLLWAY
HCTRA
TOLLWAY
HCTRA
TOLLWAY
HCTRA
FA R M
R OA D
1960
290
T E X A S105
T E X A S105
T E X A S288
T E X A S146
T E X A S146
T E X A S336
T E X A S242
T E X A S249
FA R M
R OA D
2920
TOLLWAY
WESTPARKFA R M
R OA D
1463
6T E X A S
6T E X A S
TOLL
99FUTURE
TOLL
99FUTURE
TotalSupply
1,4172Q11 2842451,117 67 596 2,8561,1203436.4 30.6 2,5842909933Q11 2802151,163 69 564 2,6571,1173025.8 28.5 2,7543409004Q11 2652381,124 69 572 2,4721,1572696.1 25.6 2,962261
5461Q12 2982171,199 69 584 2,1941,2343205.8 21.3 3,1363087262Q12 5022361,245 68 806 2,1411,4495587.8 17.7 3,129336
1,1093Q12 5122321,367 64 808 2,1551,6114647.1 16.1 2,6384621,1054Q12 4252681,555 63 756 1,8381,7393975.8 12.7 3,251449
1,3251Q13 4932971,582 62 852 1,6691,8504316.5 10.8 3,4993351,0412Q13 5762391,712 56 871 1,4051,7774856.1 9.5 4,001466
8903Q13 6311881,708 52 871 1,2741,7714586.1 8.6 4,1004581,6184Q13 5391581,735 50 747 1,7301,7263525.2 12.0 4,280476
1,7551Q14 5111351,787 46 692 1,7971,6273324.6 13.3 4,2403871,5542Q14 5461201,743 46 712 1,3751,5844424.9 10.4 5,7614221,9963Q14 6491171,688 43 809 1,6441,6265005.8 12.1 5,8764032,1024Q14 6441191,586 46 809 2,1841,6483746.1 15.9 5,265374
2,3791Q15 7211911,491 53 965 2,4121,7644487.8 16.4 5,7902922,5522Q15 6722241,542 60 956 2,1411,7864647.4 14.4 22,277473
Hwy 290 & Mueschke Rd - 5 MileHistorical Housing Activity Summary
Qtr UCFinVacAnnClos
QtrClos Total Inv VDL
AnnStarts
QtrStarts
VDLSupply
Ann Lot DelivFut LotsModel
Copyright MetrostudyHouston Residential Survey (2Q15)
TotalSupply
1,4172Q11 2842451,117 67 596 2,8561,1203436.4 30.6 2,5842909933Q11 2802151,163 69 564 2,6571,1173025.8 28.5 2,7543409004Q11 2652381,124 69 572 2,4721,1572696.1 25.6 2,962261
5461Q12 2982171,199 69 584 2,1941,2343205.8 21.3 3,1363087262Q12 5022361,245 68 806 2,1411,4495587.8 17.7 3,129336
1,1093Q12 5122321,367 64 808 2,1551,6114647.1 16.1 2,6384621,1054Q12 4252681,555 63 756 1,8381,7393975.8 12.7 3,251449
1,3251Q13 4932971,582 62 852 1,6691,8504316.5 10.8 3,4993351,0412Q13 5762391,712 56 871 1,4051,7774856.1 9.5 4,001466
8903Q13 6311881,708 52 871 1,2741,7714586.1 8.6 4,1004581,6184Q13 5391581,735 50 747 1,7301,7263525.2 12.0 4,280476
1,7551Q14 5111351,787 46 692 1,7971,6273324.6 13.3 4,2403871,5542Q14 5461201,743 46 712 1,3751,5844424.9 10.4 5,7614221,9963Q14 6491171,688 43 809 1,6441,6265005.8 12.1 5,8764032,1024Q14 6441191,586 46 809 2,1841,6483746.1 15.9 5,265374
2,3791Q15 7211911,491 53 965 2,4121,7644487.8 16.4 5,7902922,5522Q15 6722241,542 60 956 2,1411,7864647.4 14.4 22,277473
Hwy 290 & Mueschke Rd - 5 MileHistorical Housing Activity Summary
Qtr UCFinVacAnnClos
QtrClos Total Inv VDL
AnnStarts
QtrStarts
VDLSupply
Ann Lot DelivFut LotsModel
Copyright MetrostudyHouston Residential Survey (2Q15)
TotalSupply
1,4172Q11 2842451,117 67 596 2,8561,1203436.4 30.6 2,5842909933Q11 2802151,163 69 564 2,6571,1173025.8 28.5 2,7543409004Q11 2652381,124 69 572 2,4721,1572696.1 25.6 2,962261
5461Q12 2982171,199 69 584 2,1941,2343205.8 21.3 3,1363087262Q12 5022361,245 68 806 2,1411,4495587.8 17.7 3,129336
1,1093Q12 5122321,367 64 808 2,1551,6114647.1 16.1 2,6384621,1054Q12 4252681,555 63 756 1,8381,7393975.8 12.7 3,251449
1,3251Q13 4932971,582 62 852 1,6691,8504316.5 10.8 3,4993351,0412Q13 5762391,712 56 871 1,4051,7774856.1 9.5 4,001466
8903Q13 6311881,708 52 871 1,2741,7714586.1 8.6 4,1004581,6184Q13 5391581,735 50 747 1,7301,7263525.2 12.0 4,280476
1,7551Q14 5111351,787 46 692 1,7971,6273324.6 13.3 4,2403871,5542Q14 5461201,743 46 712 1,3751,5844424.9 10.4 5,7614221,9963Q14 6491171,688 43 809 1,6441,6265005.8 12.1 5,8764032,1024Q14 6441191,586 46 809 2,1841,6483746.1 15.9 5,265374
2,3791Q15 7211911,491 53 965 2,4121,7644487.8 16.4 5,7902922,5522Q15 6722241,542 60 956 2,1411,7864647.4 14.4 22,277473
Hwy 290 & Mueschke Rd - 5 MileHistorical Housing Activity Summary
Qtr UCFinVacAnnClos
QtrClos Total Inv VDL
AnnStarts
QtrStarts
VDLSupply
Ann Lot DelivFut LotsModel
Copyright MetrostudyHouston Residential Survey (2Q15)
290to ll
99
NEC of US 290 & Mueschke | Cypress, Texas
Cypress Lakes Crossing
Ashley Strickland281.477.4378 [email protected]
David K. Meyers281.477.4325 [email protected]
17,729 SF shopping center located on the northeast corner
of Hwy 290 and Mueschke Rd, less than 2 miles from
Fairfield and the newly opened Grand Parkway.
• Fairfield is a 3,200 acre master planned community with
5,800 homes upon completion
• Highly acclaimed Cypress-Fairbanks School District
• The Cy-Fair campus of Lone Star College is located close
by on Barker Cypress Road
• Over 1,000 feet of frontage along US 290
• Memorial Hermann to build new, state-of-the-art, 80 bed
hospital, $168 million project in Cypress. The campus will
be built on a 32-acre. Phase I of the Cypress project is
scheduled to begin in early 2015
Traffic Generators
• 475,000 SF Houston Premium Outlets
• 500,000 SF HEB power center, located on the northeast
corner of this intersection
Frontage
• Approximately 1,100 FT on U.S. 290
• Approximately 400 FT on Mueschke Rd
Traffic Counts
• Hwy 290 west of Mueschke = 80,054 CPD (TxDoT 2013)
• Hwy 290 east of Mueschke = 89,487 CPD (TxDoT 2013)
• Mueschke north of Hwy 290 = 16,500 CPD (TxDoT 2011)
04.05.16
NEC of US 290 & Mueschke | Cypress, Texas
Cypress Lakes Crossing
04.16
TRACT 3
TRACT 4
TRACT 5
TRACT 6
RETAIL
Owned byPappas Restaurants, Inc.
NEC of US 290 & Mueschke | Cypress, Texas
Cypress Lakes Crossing
NEC of US 290 & Mueschke | Cypress, Texas
Cypress Lakes Crossing
SASSY NAILS
2 Miles 3 Miles 5 Miles
POSTAL COUNTS
Current Households 10,242 26,076 49,952
Current Population 32,572 83,290 157,362
2010 Census Average Persons per Household 3.18 3.19 3.15
2010 Census Population 20,506 39,166 84,824
Population Growth 2010 to 2020 58.86% 112.71% 85.57%
CENSUS HOUSEHOLDS
1 Person Household 13.14% 11.55% 12.01%
2 Person Households 26.26% 26.69% 27.44%
3+ Person Households 60.61% 61.76% 60.55%
Owner-Occupied Housing Units 86.91% 89.95% 89.01%
Renter-Occupied Housing Units 13.09% 10.05% 10.99%
RACE AND ETHNICITY
2020 Estimated White 72.47% 73.70% 72.98%
2020 Estimated Black or African American 11.70% 10.80% 10.45%
2020 Estimated Asian or Pacific Islander 5.30% 5.85% 6.86%
2020 Estimated Other Races 10.01% 9.17% 9.21%
2020 Estimated Hispanic 25.15% 24.06% 24.02%
INCOME
2020 Estimated Average Household Income $115,457 $128,970 $134,155
2020 Estimated Median Household Income $108,504 $114,410 $116,730
2020 Estimated Per Capita Income $37,700 $41,664 $43,807
EDUCATION (AGE 25+)
2020 Estimated High School Graduate 17.26% 17.08% 15.09%
2020 Estimated Bachelors Degree 34.94% 35.46% 36.14%
2020 Estimated Graduate Degree 13.54% 15.26% 16.77%
AGE
2020 Median Age 34.4 34.7 35.0
2010 Census, 2020 Estimates withDelivery Statistics as of 10/20
Our quest is your success. Specializing in retail space leasing,
management, development, land brokerage,
investment sales and tenant representation,
NewQuest Properties is one of the premier
commercial real estate brokerage firms in
Texas and Louisiana.
Our dedicated team excels at meeting
your needs and exceeding all expectations.
From retail center development, leasing,
acquisition and financing to architectural
design, marketing, space planning, and
property management, NewQuest is an
expert at bringing your commercial project
vision to life.
10,746,775 SFOWNED
12,135,000 SFLEASED
11,718,969 SFMANAGED
Dallas / Ft. Worth Area
Greater Houston Metro
Corpus Christi
Shreveport
New Braunfels
Pflugerville
DEMOGRAPHICS
Information About Brokerage Services
TYPES OF REAL ESTATE LICENSE HOLDERS:• ABROKERisresponsibleforallbrokerageactivities,includingactsper-
formedbysalesagentssponsoredbythebroker.• ASALESAGENTmustbesponsoredbyabrokerandworkswithclients
onbehalfofthebroker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the per-son or party that the broker represents):
• Puttheinterestsoftheclientaboveallothers,includingthebroker’sowninterests;
• Informtheclientofanymaterialinformationaboutthepropertyortrans-actionreceivedbythebroker;
• 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’sminimumdutiesaboveandmustinformtheownerofanymaterialinformationabouttheproertyortransactionknownbytheagent,includinginformationdisclosedtotheagentorsubagentbythebuyerorbuyer’sagent.
AS AGENT FOR BUYER/TENANT:Thebrokerbecomesthebuyer/tenant’sagentbyagreeingtorepresentthebuyer,usuallythroughawrittenrepre-sentationagreement.Abuyer’sagentmustperformthebroker’sminimumdutiesaboveandmustinformthebuyerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentbythesellerorseller’sagent.
AS AGENT FOR BOTH - INTERMEDIARY:Toactasanintermediarybetweenthepartiesthebrokermustfirstobtainthewrittenagreementofeachpartytothetransaction.Thewrittenagreementmuststatewhowillpaythebrokerand,inconspicuousboldorunderlinedprint,setforththebroker’sobligationsasanintermediary.Abrokerwhoactsasanintermediary:
• Musttreatallpartiestothetransactionimpartiallyandfairly;• May,withtheparties’writtenconsent,appointadifferentlicenseholder
associatedwiththebrokertoeachparty(ownerandbuyer)tocommuni-catewith,provideopinionsandadviceto,andcarryouttheinstructionsofeachpartytothetransaction.
• Mustnot,unlessspecificallyauthorizedinwritingtodosobytheparty,disclose:• thattheownerwillacceptapricelessthanthewrittenaskingprice;• thatthebuyer/tenantwillpayapricegreaterthanthepricesubmitted
inawrittenoffer;and• anyconfidentialinformationoranyotherinformationthatapartyspe-
cificallyinstructsthebrokerinwritingnottodisclose,unlessrequiredtodosobylaw.
AS SUBAGENT:Alicenseholderactsasasubagentwhenaidingabuyerinatransactionwithoutanagreementtorepresentthebuyer.Asubagentcanassistthebuyerbutdoesnotrepresentthebuyerandmustplacetheinterestsoftheownerfirst.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BRO-KER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:•Thebroker’sdutiesandresponsibilitiestoyou,andyourobligationsundertherepresentationagreement.•Whowillpaythebrokerforservicesprovidedtoyou,whenpaymentwillbemadeandhowthepaymentwillbecalculated.
LICENSE HOLDER CONTACT INFORMATION:Thisnoticeisbeingprovidedforinformationpurposes.Itdoesnotcreateanobligationforyoutousethebroker’sservices.Pleaseacknowledgereceiptofthisnoticebelowandretainacopyforyourrecords.
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
LicenseNo.
LicenseNo.
LicenseNo.
LicenseNo.
Phone
Phone
Phone
Phone
Buyer/Tenant/Seller/LandlordInitials Date
RegulatedbytheTexasRealEstateCommission(TREC)|Informationavailableathttp://www.trec.texas.gov
The information herein is subject to errors or omissions and is not, in any way, warranted by NewQuest Properties or by any agent, independent associate or employee of NewQuest Properties. This information is subject to change without notice.
Leasing | Tenant Representation | Development | Land Brokerage | Acquisition | Property Management
8827 W. Sam Houston Parkway N. | Suite 200 | Houston, Texas 77040 | 281.477.4300
Home Asset, Inc., dba NewQuest Properties 420076 - (281)477-4300
H. Dean Lane, Jr. 366134 [email protected] (281)477-4300
H. Dean Lane, Jr. 366134 [email protected] (281)477-4300
Rev. 12/03/20 ct