NEW RETAIL CENTER IN AREA PLANNED FOR MASSIVE GROWTH

NEW RETAIL CENTER IN AREA PLANNED FOR MASSIVE GROWTHCIRCLE G AT COOLEY STATIONNEC Recker Rd & Williams Field Rd | Gilbert, AZ

For more information, please contact:

Greg [email protected] 3131 E Camelback Rd, #340 | Phoenix, AZ 85016 | 602.957.9800

PHOENIXCOMMERCIALADVISORS.COM

Lance [email protected]

[1/15/20]

Teale [email protected]

±10,257 VPD±10,257 VPD ±15,911 VPD±15,911 VPD

±13

,719

VP

D±

13,7

19V

PD

±10

,618

VP

D±

10,6

18 V

PD






[1/15/20]


DEMOGRAPHICS 1 Mile 3 Miles 5 Miles

2019 Population 13,864 92,309 220,987

2024 Population 16,117 103,729 246,856

2019 Med HH Income $92,420 $95,551 $97,027

ESRI 2019 Estimates

The information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only, and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advi-sors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

TRAFFIC COUNTS

N: ±13,719 VPD (NB/SB) E: ±15,911 VPD (EB/WB)

S: ±10,618 VPD (NB/SB) W: ±10,257 VPD (EB/WB)

ADOT 2017

PROPERTY HIGHLIGHTS

• The site dimensions can be easily adapted as needed• Located a mile west of Arizona State University’s Polytechnic Campus with 4,809 students• Located 2 miles west of Phoenix-Mesa Gateway Airport• Located 1.5 miles south and also 2 miles east of the Loop 202 Santan Freeway (2 separate full-diamond interchanges)• Located 1 mile north of Higley High School with 1,639 students• An additional multifamily complex, located just north, called Fincher Fields at Cooley Station, delivers in July 2019 with 110 units• There are an additional 3 proposed multifamily projects with 984 units between them around this intersection as well• There are 992 single-family homes planned south of the southeast corner• There is a planned neighborhood center for the southeast corner, a planned community center for the northwest corner, and a planned mixed-use project for the southwest corner

FOR CONCEPTUAL FOR CONCEPTUAL PURPOSES ONLYPURPOSES ONLY

PROPOSED






[1/15/20]


PHOENIX COMMERCIAL ADVISORS | 3131 E CAMELBACK RD #340 | PHOENIX, AZ 85016 | 602.957.9800 The information presented has been obtained by private and governmental sources deemed to be reliable. Phoenix Commercial Advisors (PCA) makes no guarantees, warranties or representations of the accuracy or completeness and all information should be verified by the interested party. [11/26/19]

NEC Recker Rd & Williams Field Rd | Gilbert, AZ

±10,257 VPD±10,257 VPD ±15,911 VPD±15,911 VPD

±13

,719

VP

D±

13,7

19V

PD

±10

,618

VP

D±

10,6

18 V

PD





Campo Verde High School1803 Stu

Desert Ridge High2510 Stu

Gilbert High School1918 Stu

Highland High School2746 Stu

HigleyHigh School1646 Stu

Mesquite High School1498 Stu

Perry High School3287 Stu

Queen Creek High School2057 Stu

Williams Field High School1835 Stu

Phoenix-MesaGateway Airport

ChandlerMunicipal Airport

E Baseline Rd

E Pecos Rd

E Queen Creek Rd

E Ocotillo Rd

E Chandler Blvd

E Warner Rd

E Williams Field Rd

E Guadalupe Rd

E Ray Rd

E Elliot Rd

E Chandler Heights Rd

E Germann Rd

E Pecos Rd

N M

cque

en R

d

N G

il ber

t Rd

N Lindsay R

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S M

cque

en R

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S C

oop e

r R

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S G

ilber

t Rd

S L

inds

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S M

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ain

Rd

S H

igle

y R

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S P

ower

Rd

S S

ossa

man

Rd

S E

llsw

orth

Rd

W Elliot Rd

E Ray Rd

E Guadalupe Rd

E Ray Rd

E Germann Rd

E Pecos Rd

N C

oope

r R

dN

Coo

per

Rd

S C

oope

r R

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W Ray Rd

87202

87202

8760

8724

8724

8724

Air Force Dod

KokopelliGolf Club

Bear Creek Golf Complex

Desert Sands Golf CourseSuperstition

SpringsGolf Club

Sunland Village East Golf CourseSunlandSpringsVillage

Augusta Ranch Golf Club

Western Skies Golf Club

Las Colinas Golf Club

Greenfield Lakes Golf Course

Toka Sticks Golf Course

Trilogy Golf Course At Power Ranch

Seville Golf And Country Club

Power Ranch

AugustaRanch

Villages At Queen Creek

Cortina

Villages AtEastridge

Cooley Station

Highland Ridge

The Bridges At Gilbert

Montelena

Vincenz

Shamrock Estates

Stratland Estates

Marbella

Valencia II

OldStoneRanch

CornadoRanch

San TanRanch

Chaparral Estates

Crossroads

Queenland Manor

Ocotillo Landing

Velvendo

Desert Valley

Freeman Farms

Gateway Ranch

El Dorado Lakes

TheIslands

Val VistaLakes

SunlandVillage East

DesertSands

Greenfield Lakes

Western Skies

SuperstitionSprings

Seville

Circle G

Layton Lakes

Circle Gat Riggs

EmperorEstates

LyonsGate

Ironwood CrossingActive

2147 UnitsVictoriaActive

538 Units

Sossaman EstatesActive

2826 Units

NauvooStationActive

478 Units

Hastings FarmsActive

1732 Units

Morrison Ranch Warner GroveActive

5246 Units

SomersetActive

286 Units

The PecansActive

256 Units

Queen Creek StationActive

674 Units

Cooley Station - SouthActive

2445 Units

EastmarkActive

12000 Units

Cadence At GatewayActive

1034 Units

Meridian (William Lyon Homes)Active

2611 Units

WestonRanchActive

96 Units

Bella ViaActive

1656 Units

MulberryActive

708 Units

Gateway QuarterActive

532 Units

CrimsonHeightsActive

295 Units

CharlestonEstatesActive

357 Units

La SentieroActive

308 Units

La Jara FarmsActive

130 Units

SunlandSprings Village

Active2581 Units

MaderaProposed889 Units

West Park EstatesProposed160 Units

Stone Creek EstatesProposed163 Units

Barney FarmsProposed1718 Units

Spur CrossProposed718 Units

Signal Butte 105Proposed354 Units

WaterstonProposed332 Units

Berge RanchProposed241 Units

Berge 300Proposed1029 Units

Destination at GarewayProposed800 Units

CanopyProposed241 Units

TerravellaProposed360Units

A.T. Still University425 Stu

Arizona StateUniversity

(Polytechnic)4809 Stu

Chandler-Gilbert Community College14630 Stu

AvalonCrossingProposed1200 Units

Multi-Family Davelopments

Map #

Community Name# of

Units

1 Liv at Gilbert Crossroads,Planned Apartments 356

2 BB Living at Val Vista,In Const Apartments 216

3 Elevation at SanTan Village,In Const Apartments 297

4 Verdura Santan Village,Proposed Apartments 214

5 San Tan Village III Apartments,Proposed Apartments 301

6 Agritopia Epicaenter,Planned Apartments 251

7 Edge at Lyon’s Gate,In Const Apartments 360

8 The Crossings at Cooley Station,Proposed Apartments 408

9 Acero Cooley Station,In Const Apartments 184

10 Quintana at Verde,Proposed Apartments 197

11 Springs at Cooley Station,Proposed Apartments 276

12 Watermark,In Const Apartments 250

13 Cabana on Power,Proposed Apartments 244

Total Apartment Units 3,554

Quarterly Overview

Quarterly Starts 488Quarterly Closings 543Annual Starts 1,919Annual Closings 1,745

Housing OverviewQ3 20195 Miles from Subject Site

5 Mile Radius

100 Acre and Larger Communities

Legend

Project(s) Overview - Lifetime

In-Cont./Planned Homes 1,116Available/Permitted Lots 1,946Proposed/Future Homes 5,413

Demographic Profile*2019 Estimates - ESRI

Total Population 220,987Annual Growth Rate 2.24%Average Household Size 3.14Median HH Income $97,027Median Age 32.9Daytime Population (Residents) 112,084Daytime Population (Employees) 54,541

Projected Growth Analysis*Calculated using Metrostudy Q3 2019 Data, Project(s) Overview - Lifetime x 2019 Estimates - ESRI, Average Household Size

In-Cont./Planned Homes,Population Estimate at Build Out - (Timeline 8-12 months)

3,504

Available/Permitted Lots,Population Estimate at Build Out - (Timeline 12-24 months)

6,110

Proposed/Future Homes,Population Estimate at Build Out - (Timeline TBD)

16,996

Total Projected Population GrowthEstimate 26,610

1

2

3

45

6 12

87

10

9

13

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One Page SummaryRecker Rd & Williams Field Rd, Gilbert Prepared By Business Analyst Desktop-111.703884034 33.3070839050001 Latitude: 33.307084Rings: 1, 3, 5 mile radii Longitude: -111.703884

1 mile 3 miles 5 milesPopulation Summary

2000 Total Population 238 10,335 67,3642010 Total Population 8,333 65,420 164,3792019 Total Population 13,864 92,309 220,987

2019 Group Quarters 4 409 5512024 Total Population 16,117 103,729 246,856

2019-2024 Annual Rate 3.06% 2.36% 2.24%2019 Total Daytime Population 8,470 69,181 166,625

Workers 1,738 22,337 54,541Residents 6,732 46,844 112,084

Household Summary2000 Households 90 3,245 20,684

2000 Average Household Size 2.64 3.16 3.252010 Households 2,733 21,119 52,539



2024 Average Household Size 3.09 3.10 3.142019-2024 Annual Rate 2.98% 2.34% 2.19%

2010 Families 2,081 16,265 41,9932010 Average Family Size 3.45 3.50 3.48

2019 Families 3,327 22,565 55,3912019 Average Family Size 3.53 3.53 3.52

2024 Families 3,835 25,227 61,5382023 Average Family Size 3.55 3.54 3.542019-2024 Annual Rate 2.88% 2.26% 2.13%

Housing Unit Summary2019 Housing Units 4,638 31,174 73,643

Owner Occupied Housing Units 79.4% 69.8% 75.3%Renter Occupied Housing Units 17.6% 25.3% 20.1%Vacant Housing Units 3.0% 4.9% 4.6%

Median Household Income2019 $92,420 $95,551 $97,0272024 $103,394 $106,392 $106,548

Median Home Value2019 $274,234 $296,225 $324,3482024 $311,955 $334,748 $354,152

Average Income ValueAverage Household Income $101,643 $112,527 $115,689

Per Capita Income2019 $33,554 $36,093 $36,9342024 $38,279 $42,037 $42,444

Median Age2019 31.4 30.8 32.9

2019 Population 25+ by Educational AttainmentTotal 8,181 53,897 135,238

Less than 9th Grade 2.8% 1.6% 1.5%9th - 12th Grade, No Diploma 2.5% 1.9% 2.7%High School Graduate 10.8% 12.8% 14.4%GED/Alternative Credential 1.4% 2.3% 2.4%Some College, No Degree 25.3% 25.5% 24.9%Associate Degree 11.3% 10.9% 10.2%Bachelor's Degree 32.1% 30.5% 29.2%Graduate/Professional Degree 13.8% 14.3% 14.8%

Data Note: Household population includes persons not residing in group quarters. Average Household Size is the household population divided by total households. Persons in families include the householder and persons related to the householder by birth, marriage, or adoption. Per Capita Income represents the income received by all persons aged 15 years and over divided by the total population.

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2019 and 2024

August 28, 2019Made with Esri Business Analyst

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NEW RETAIL CENTER IN AREA PLANNED FOR MASSIVE GROWTH