VIII. INFORMATION ABOUT BROKERAGE SERVICES
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2 TABLE OF CONTENTS I. ELEVATION SITE PLAN & CONCEPTUAL II. AERIAL OVERVIEW III. PROPERTY INFORMATION IV. LOCATION MAPS V. CITY AND AREA INFORMATION VI. DEMOGRAPHICS VII. DISCLAIMER AGENCY DISCLOSURE VIII. INFORMATION ABOUT BROKERAGE SERVICES RICHMOND MARKETPLACE - RICHMOND ROAD AT MOORES LANE
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4 CONCEPTUAL SITE PLAN RICHMOND MARKETPLACE - RICHMOND ROAD AT MOORES LANE
5 ACTUAL SITE PLAN RICHMOND MARKETPLACE - RICHMOND ROAD AT MOORES LANE
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7 PROPERTY INFORMATION LOCATION: The site is approximately 1 mile north of I-30 at the southeast corner at the intersection of Richmond Road and Moores Lane in the thriving growth area of Pleasant Grove. It is located in close proximity to Christus St. Michael Health Center campus and numerous medically related facilities, business offices and retailers and restaurants. Richmond Road serves as the primary route for the new Texas A&M University - Texarkana campus located at Bringle Lake. SITE: The 7.70 acre site wraps around an approximate 1.25 acre hard corner occupied by Texana Bank. Richmond Marketplace is a 12,000 SF strip center anchored adjacent to a 42,000 SF Wal-Mart Neighborhood Market. TRAFFIC: According to the Texarkana Metropolitan Planning Organization (MPO) traffic counts are 14,703 CPD on Richmond Road (2012 study) and 12,267 CPD on Moores Lane (2011 study), a combined count of 27,000 vehicles per day drive by this site. ZONING: Zoned GR, General Retail, permitted uses include retail sales stores, restaurants, general office use, medical and dental facilities, and other neighborhood services. MAJOR AREA RETAILERS: Major retailers in the area include Sam s Wholesale Club, Super One Foods (Brookshire s), Target, Office Depot, Home Depot, Kohl s, Old Navy, Best Buy, Bed Bath & Beyond, T J Maxx and Cinemark 14. TRAFFIC GENERATORS: In the immediate vicinity there are three banks, Texana Bank located at the hard corner of this property; Mid-South Bank and Farmers Bank are located at the corners across the street. Other generators are locally owned restaurants, Amigo Juan s, Ironwood Grill and Big Jake s BBQ, numerous medically related facilities and business offices. Cornerstone Retirement Community, Bunch Woodview Center (Alzheimer s & Dementia Care), Sterling House Senior Living and Minton s Sportsplex are located north of the property. The second phase of an 118 unit apartment complex, The Arista Apartments, was recently completed. RICHMOND MARKETPLACE - RICHMOND ROAD AT MOORES LANE
8 CITY MAP OF TEXARKANA TX / AR
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10 TRAFFIC COUNT MAP
11 REGIONAL MAP
12 CITY AND AREA INFORMATION TEXARKANA, USA: Texarkana, TX - Texarkana, AR MSA is a two-county region anchored by the twin cities of Texarkana, Texas and Texarkana, Arkansas, and encompassing the surrounding communities in Bowie County, Texas and Miller County, Arkansas. As of the 2010 census, the MSA had a population of 136,027. Texarkana is a major transportation hub being centrally located between Dallas - Ft. Worth, TX (175 miles west) and Little Rock, AR (150 miles east) on I-30. Shreveport - Bossier City, LA is located 75 miles south by the recently completed leg of I-49. Eventually I-49 will connect New Orleans, LA to Kansas City, MO going right through Texarkana. The projected I-69 corridor would connect Laredo, TX to Houston and eventually to the Canadian border via Indianapolis and shows Texarkana as either part of the primary route or as a spur. Other major transportation routes going through Texarkana include US 59, US 67, US 71, US 82 and Texas State Hwy Loop 151 and Arkansas Loop 245. Multiple transportation projects have been completed to expand Texarkana s capabilities to handle the ever growing amount of traffic and to relieve strain on the I-30 exits and frontage roads. The frontage roads on both the north and south sides of I-30 were recently converted from two-way to one-way west on the north side of I-30 and one-way east on the south side from the Nash, TX exit on the west side of Texarkana, TX to the Jefferson St., exit in Texarkana, AR. This has relieved much of the congestion that has plagued the frontage roads and various I-30 overpasses. In the past few years, Texarkana has had a great deal of commercial activity particularly with new hotels brands, numerous restaurants and retail activity. In recent years new restaurants include Copeland s Cajun Creole, On The Border, Olive Garden, Cracker Barrel, Outback Steakhouse, Texas Roadhouse, Applebee s, Longhorn Steakhouse, Red Lobster, McAlister s, Buffalo Wild Wings, Genghis Grill, Hooters, Silver Spur Texas Grill, Ruby Tuesday s and most recently is a Steak n Shake restaurant. Hotels that have recently located in Texarkana include Fairfield Inn & Suites by Marriott, Hampton Inn and Suites, Holiday Inn Express, Candlewood Suites, TownePlace Suite by Marriott, Comfort Suite, Country Inn & Suite, Courtyard by Marriott and the recently completed Residence Inn. The 20,000 square foot Texarkana Convention Center, with a 12,000 square foot ballroom was completed in October, Texarkana is a regional hub for cities in Southwest Arkansas, Northeast Texas, Northwest Louisiana and Southeast Oklahoma. RICHMOND ROAD & MOORES LANE
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FOR SALE 8,550 SF West Park Plaza Texarkana, Texas $1,395, % CAP
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TABLE OF CONTENTS I. AERIAL PHOTOGRAPHS II. PROPERTY INFORMATION III. LOCATION MAPS, SURVEY AND PROPERTY EXHIBITS IV. CITY AND AREA INFORMATION V. DEMOGRAPHICS VI. DISCLAIMER AGENCY DISCLOSURE VII. BROKERAGE
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