NEQ US 281 & EAST MONTE CRISTO ROAD EDINBURG, TX 78542 - THOMAS TYNG - LoopNet
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NEQ US 281 & EAST MONTE CRISTO ROAD EDINBURG, TX 78542 THOMAS TYNG
TABLE OF CONTENTS SECTION I. . .. . .. . .. . .. . .. . .. . .. . EXECUTIVE SUMMARY SECTION II. ... ... ... ... ... ... ... MAPS SECTION III . .. . .. . .. . .. . .. . .. . .. AERIALS SECTION IV. .. . .. . .. . .. . .. . .. . .. SITE PLAN/MASTER PLANS SECTION V. ... ... ... ... ... ... ... RENDERINGS SECTION VI. .. . .. . .. . .. . .. . .. . .. EDINBURG HIGHLIGHTS SECTION VII. . .. . .. . .. . .. . .. . .. . RIO GRANDE VALLEY OVERVIEW SECTION VIII. . .. . .. . .. . .. . .. . .. . ARTICLES SECTION IX . .. . .. . .. . .. . .. . .. . .. DEMOGRAPHICS SECTION X . ... ... ... ... ... ... ... AGENCY DISCLOSURE The information contained was obtained from sources believed reliable, However, REATA Real Estate Services, LP, makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this project is submitted subject to the errors, omissions and change of price or conditions prior to lease or withdrawal. RESACA MARKET ©REATA REAL ESTATE SERVICES, LP
EXECUTIVE SUMMARY
PROPERTY HIGHLIGHTS Resaca Market is a 500,000 square-foot master
planned lifestyle complex located Edinburg, TX, deep
in the heart of the Rio Grande Valley
Harmoniously designed with an agriculture theme
of silos, grain elevators and other farm implements,
Resaca Market will integrate natural water features,
bridges, palm trees and bicycle paths with nationally
recognized retail stores, boutiques, local and interna-
tional dining options, a movie theater and other en-
tertainment venues. It will also feature condominium
lofts, state-of-the-art office space and a hotel com-
plex, all in a pedestrian-friendly setting.
LOCATION NEQ US 281 & East Monte Cristo Road
Edinburg, TX 78542
GLA 500,000 SF (approximate)
TRAFFIC COUNTS US 281 30,550 CPD
Business 281 (Closner Rd) 12,100 CPD
East Monte Cristo Road 14,561 CPD
DEMOGRAPHICS 3 Miles 5 Miles 7 Miles 10 Miles
2016 Estimated Population 23,452 87,689 134,795 268,631
2016 Estimated Households 6,183 25,152 38,545 78,185
Daytime Population 4,176 26,948 40,073 74,208
Average Household Income $47,948 $50,113 $57,975 $62,776
CONTACT THOMAS TYNG, PARTNER
210.841.3222
ttyng@reatares.com
RESACA MARKET SECTION I
MAP
RESACA MARKET
RESACA MARKET
RESACA MARKET SECTION II
VICINIT
MAP Y MAP - MISSION + MCALLEN + EDINBURG + PHARR
1 EDINBURG REGIONAL AIRPORT 4.5MI N
2 SANTANA TEXTILES 3MI N
3 DON HUGO PRODUCE TERMINAL 2.5MI N
4 UT-RGV EDINBURG 3.5MI SW
5 COUNTY COURT HOUSE 3MI SW
6 EDINBURG CITY OFFICES 3MI SW 1
7 NEW WALMART 3.5MI S
8 PROPOSED VIPER SPORTS ARENA 3.5MI S
9 SHOPPES AT TRENTON 3.5MI S
JCPENNY, ACADEMY, MCDONALD’S, 3
TJ MAXX, TACO PALENQUE, IHOP
2 LA SIENNA
10 NEW HEB SITE 3.5MI S DEVELOPMENT
11 DOCTOR’S HOSPITAL
AT RENAISSANCE 4.5MI SW 6
12 CINEMARK MOVIE BRISTO 4.5MI SW 45
13 PAPPADEUAX 4.5MI S
14 MCALLEN AIRPORT 15MI S 7
11 12 9
15 CIMARRON AND SHARYLAND 21 10
PLANTATION 20MI SW 8
16 PALMS CROSSINGS 15MI SW Option 2, page 3
PF CHANGES, BEST BUY,
SALTGRASS, BARNES & NOBLE 13
16 17
17 MERCEDES BENZ SAN JUAN 11MI SE resacas resacas resacas
SIE NNA SIENNA SIENNA 18 19
AT LA AT LA AT LA
15 20
18 RANGE ROVER SAN JUAN 11MI SE NOSTALGIC + CASUAL + ELEGANT
14
19 AUDI SAN JUAN 11MI SE
20 LAS TIENDAS 10MI S resacas esteros
SIE NNA SIE NNA
LA ATAT
LA LA ATAT
LA
BEST BUY, JASONS, OFFICE DEPOT,
HOOTERS, ACADEMY, STEINMART,
PER
PET SMART, LESLIE’S POOL
resacas esteros
21 EDINBURG REGIONAL HOSPITAL LA ATAT
SIE NNA
LA
LA
SIE NNA
ATAT
LA
AND CHILDREN’S HOSPITAL 3.5MI SW
RESACA MARKET resacas esteros
origoworks
CONCEPTUAL DESIGN | JUNE 1, 2014 LA ATAT
SIE NNA
LA LA
SIE NNA
ATAT
LA
ARCHITECTURE W CONSTRUCTION
SITE CONTEXT MAP
O 1
W LIV E W ORK PLAY DIN E SH OP
RESACA MARKET SECTION III
AERIAL
C
RESACA MARKET
C
14,561 C
PD
CPD
30,550
D
12,100 CP
107
107
RD Y
N SHAR
107
336
ST
N 10TH
C
RESACA MARKET SECTION III
AERIAL
33,822 CPD
RESACA
MARKET
SILO @ LA SIENNA
198 UNITS
24,061 CPD COMING SOON
14,955
CPD LA SIENNA APTS
288 UNITS
3Q 2017 OPENING
EDINBURG NORT
H
TRUMAN HIGH SCHOOL
D
12,100 CP
ELEMENTARY
SCHOOL
BOYS AND GIRLS CLUB
OF RIO GRANDE VALLEY
MEMORIAL MIDD
LE
SCHOOL
RESACA MARKET SECTION III
MASTER PLAN RESACA MARKET SECTION IV
MASTER PLAN
THE SILOS
AT LA SIENNA
EXISTING
ELEMENTARY
WATE
R
SCHOOL MULTIFAMILY
WATE
R
FUTURE
MIDDLE LOT-13
38.26 ac. 628'
SCHOOL FUTURE RESIDENTIAL
WATER
SINGLE FAMILY LOTS
R
WATE
LOT-3
1317.0'
FUTURE LOT-1
R
WATE
1273.6'
R 10.46 ac.
O
WATE
HIGH 19 ac.
A
R
RETAIL
D
SCHOOL SINGLE FAMILY LOTS
LOT-11
9.63 ac.
E.I.S.D. LOT-12 WATER
RD
SENIOR LIVING
9.9 ac.
FUTURE SCHOOL CAMPUS SENIOR LIVING
N JA
S
589'
MAN 73
'
IST O
RD
FUTURE WATER 589'
73
E.I.S.D. EXISTING LOT-2
475'
5
T- c.
TE CR
'
ER
LO1.7 a AT
410'
STADIUM ACADEMY CLAY
W 6.92 ac.
R O A 1 (FUTURE DEV'T.)
G
D
B U R
G
MON
B U R
E DI N
10 AND UNDER
ACADEMY ACADEMY
8 AND UNDER
STADIUM
651'
E DI N
RR/STO.
RAISED-5 TIER BLEACHERS
UT-RGV
PAVILION
PUBLIC
PUBLIC
D
LOT-9 LOT-10
UT-RGV
COVERED
EXISTING
R O A
PUBLIC
PUBLIC
E
9.33 ac. 16.03 ac. PROPERTY
R O A D
PRIVATE PRIVATE
BY OTHERS
STADIUM STADIUM
LOT-14
PRIVATE PRIVATE PRIVATE
LOT-4
APPROX.15 ac.
29.63 ac.
94.96 ac.
PAD SITES
R O A D
FUTURE DEVELOPMENT WATER
WATER LOT-6
E B
ADDITIONAL
D
WATER
USTA FACILITY 61.12 ac.
CONCEPTUAL SITE PLAN
9-12-16
1.1
N.T.S.
AT LA SIENNA DEVELOPMENT
R O A
UR
PROJECT NO. TBD
NORTH
RESACA
NS
MARKET
RD
4.76 ac.
LOT-7 LOT-8
11.57 ac. 12.35 ac.
RETAIL RETAIL
281
ADDITIONAL
PARKING
W AY
ESS
PR
EX
N
RD
IST O
BUS
TE CR
MON
E
0 200 400 600 800 1000 FT
NORTH
RESACA MARKET SECTION IV
MASTER PLAN
FUTURE
E.I.S.D
SCHOOL CA MPUS
THE SILOS
AT LA SIENNA
(MULTIFAMILY)
FUTURE TENNIS CENTER
RETAIL
LOTS
FUTURE
DEVELOPMENT
N EXPRESSWAY 281
RESACA MARKET
DETAILED MASTER PLAN
SECTION IV
ORENDERINGS RESACA MARKET SECTION V
RENDERINGS
STREET VIEW
O 5
W
BOARDWALK VIEW
O 6
W
RESACA MARKET SECTION VEDINBURG HIGHLIGHTS
EDINBURG, TEXAS
Edinburg attracts international and local visitors alike who come Edinburg Facts
for the world-class shopping, medical facilities and affordable
housing. Edinburg is a city poised for growth. • New $62.2 million Convention Center to be constructed along
U.S. 281/I69C in south Edinburg
Located in the Rio Grande Valley and centrally located within one
of the largest trade corridors in the world, Edinburg lies at the • More than $200 million in new construction for the University
epicenter of one of the most dynamic regions in North America, a of Texas-Rio Grande Valley’s School of Medicine in Edinburg
booming Texas-Mexico border region with a population that has
• Healthcare explosion in the area – hospitals with 8,000+
been growing at huge rates for the past 20 years. As of January 1,
employees; projected to grow 12% annually
2012, the U.S. Census Bureau estimated the population of the Rio
Grande Valley at 1,305,782. A four-county area that includes the • New $54 million, city-owned 8,500-seat arena, home to the
counties of Hidalgo, Starr, Willacy and Cameron, the region, which NBA-affiliated Rio Grande Valley Vipers professional basketball
is 70 to 80 miles wide, is almost twice the size of Delaware and team, as well as host to major concerts and other large
four times the size of Rhode Island. gatherings
Edinburg is the county seat of Hidalgo, the seventh largest county • Edinburg boasts largest school district with more square
in Texas and home to the University of Texas-Pan American, the footage and 40,000 students
state’s tenth largest public university. Geographically, the county
ranges from farm and pasture lands to busy city landscapes. • A strong consumer base of 10.3 million within an 150-mile radius.
Edinburg offers a unique cultural experience, including historical In 2013, the McAllen-Edinburg-Mission MSA had retail sales of
landmarks, museums, attractions, outdoor recreation and approximately $13 billion
exceptional scenic beauty. It is a pro-business community with
an excellent quality of life, educational facilities and strong civic • An additional 50,000 travelers and visitors are estimated to be
pride. A great city to live and work, Edinburg has played a key in the MSA every day due to the new Interstate 69 Central
role in supporting the development of Resaca Market, a project
that reflects the unique culture of the Rio Grande Valley.
11.3% Population Change 28.6 Median Age 41% Population
2010−2014 (2015 Census) 25−45 Age Demographic
“Resaca Market could bring in as much as
$300 million a year into the city’s economy.”
AGUSTÍN “GUS” GARCÍA · EXECUTIVE DIRECTOR,
EDINBURG ECONOMIC DEVELOPMENT CORPORATION
RESACA MARKET SECTION VI
A Place to Work. 5RIO GRANDE VALLEY OVERVIEW
Resaca Market An additional 50,000 travelers and visitors are
estimated to be in the MSA every day due to the new Interstate 69
THE VALLEY ECONOMY
For many years, if not decades, a major influx of Mexican Facts about Mexican National shoppers
Nationals have been pouring into the Rio Grande Valley,
• High level of brand loyalty
generating substantial economic activity in the region. It has
• Price conscious
long been known that the large amount of spending by Mexican
• Like U.S. products (technological advancement, price
visitors drives the local Valley economy.
competitiveness, high quality)
• Enjoy a more civilized shopping environment
A recent study commissioned by the San Antonio Hispanic
• Pay predominantly in cash
Chamber of Commerce determined that Mexican visitors spent
more than $13 billion across a 20-county area covering the
* Information provided by the Economic Development
Texas-Mexico border and South Texas in 2013. And in Hidalgo
Corporation of Edinburg
County along, home to Edinburg and Resaca Market, shoppers
spent upwards of $2.4 billion dollars.
Given the magnitude of the economic impact in the area from
Mexican National spending, Resaca Market is in a key position
to cater to wealthy Mexican shoppers who primarily come from
Mexico’s second largest city, Monterrey, which is only 2 hours away.
To make it even more inviting, there is now a brand new highway
directly connecting Monterrey to the Mission-McAllen shopping
districts. In addition to shopping, Mexican visitors also come to the
U.S. for medical care and to buy homes and invest in businesses.
10
RESACA MARKET SECTION VIIRIO GRANDE VALLEY OVERVIEW
VALLEY SALES
Bankers call it a “Shadow Economy,” because much of the
spending by Mexican Nationals in the Valley has not been
documented until recently. But the numbers don’t lie. McAllen’s
largest mall at the south end of town generates $1,000 or more
per square foot of retail sales. Considering that the national
average in a mall is typically in the range of $200 to $250 per
square foot, these numbers are astounding.
A few miles away, an outlet mall generates $650 per square foot
of retail sales; an outdoor mall generates $500 per square foot
and yet another smaller mall in the area generates $350 to $400
per square foot of retail sales.
These are undoubtedly some of the most impressive numbers in
the entire country, and the reason they are so high is because of
the Mexican National shopper coming from Monterrey spending
their money in the U.S. One mall alone in McAllen generated
$1 billion in retail sales in a year. And, 60% of the sales were paid
for in cash. Nationally, malls tend to generate their money from
80% credit card use. Resaca Market is located on 50 acres that is part of
the master plan of La Sienna’s 726 acre tract of land.
Any retailer looking to open a new store needs to carefully
consider the Rio Grande Valley, because the numbers being • 200,000 sq. ft. of retail
generated are very difficult to come by in any other place in the
• 100,000 sq. ft. of dining
country. As evidence, top producing retail stores, including Super
• 300,000 sq. ft. of multi-family residences
Walmart, Pappadeaux Seafood Kitchen, H-E-B supermarkets and
• 100,000 sq. ft. of office space
major clothing and shoe stores generate some of their best square
foot sales in the McAllen and Mercedes malls.
Pad sites also available for future hotel, movie theater,
* Regional sales data provided by the Economic Development and other big box retailers.
Corporation of Edinburg
RESACA MARKET SECTION VIIRIO GRANDE VALLEY OVERVIEW RESACA MARKET SECTION VII
RIO GRANDE VALLEY OVERVIEW RESACA MARKET SECTION VII
RIO GRANDE VALLEY OVERVIEW RESACA MARKET SECTION VII
RIO GRANDE VALLEY OVERVIEW RESACA MARKET SECTION VII
ARTICLES
$70 MILLION WORTH OF ROAD EXPANSION SET TO
CONNECT TRES LAGOS TO EDINBURG, MCALLEN
BY KRISTEN MOSBRUCKER , STAFF WRITER
THE MONITOR — SEPTEMBER 23, 2015
Monte Cristo between project that’s not shov- fered $10 million towards
McColl and 10th Street el ready yet so we pro- the facility and $8 million
into a four-lane highway longed it for another year. worth of infrastructure.
with a turning lane. It was We’ve got to take care of The university indicated
projected to cost $8 mil- our local streets in the that it aims to open its
lion back in 2014, accord- city now.” doors by 2017 with about
ing to the Hidalgo County 100 students, but has
Edinburg city council de-
Metropolitan Planning plans to expand to 750
cided to earmark $4.5
EDINBURG — About $70 Organization, and was students over five years.
million to work on local
million worth of new road listed at about $9.4 mil-
streets in its capital im-
construction and expan- lion in 2015.
sion was fast tracked as provement budget adopt-
But the state and federal ed for 2016. The $1 mil-
one condition for the new
government is slated to lion for the Monte Cristo
Texas A&M campus slated
cover most of the bill, and expansion is projected to
to be built inside the Tres
Lagos development in the local match is antici- be taken out of the 2014-
McAllen. pated to be about 20 per- 15 budget and Palacios
cent – or $2.1 million split argued that the shovels
“This corridor is critical,” between the City of Edin- are coming soon.
said Joseph Palacios, burg and Hidalgo County.
Hidalgo County com- “We are in a two- to three-
missioner for Precinct 4, Palacios spoke during year window to have ev-
regarding several road public comment at a re- erything ready – those
expansion projects along cent City of Edinburg infrastructure projects
Monte Cristo and Ware council meeting request- were precursors to Tex-
roads, near the entrance ing the city pay its share as A&M in addition to the
of Tres Lagos, a master of the bill after not sub- TIRZ (tax increment rein-
planned development in mitting payment back in vestment zone),” he said.
far northwest McAllen. It March – a month after the
Texas A&M leaders signed
also includes expansion interlocal agreement had
a letter of intent to devel-
of 10th Street that will been signed.
op about 100 acres within
link Highway 107 to Mon- Edinburg leaders said the Tres Lagos devel-
te Cristo Road. they delayed the decision opment, owned by Mike
“This is really going to en- to chip in a $1 million lump Rhodes – the same de-
hance mobility and defer sum after dealing with veloper of Bentsen Palm
a lot of the traffic that the torrent of rain and in Mission and the near-
normally utilizes Trenton flooding which impacted by Donna bridge. The
Road to continue north the city this spring. McAllen master planned
bound and take that “With all the rains that community is more than
route along Monte Cris- happened in the past few 2,500 acres and is slated
to,” Palacios said. months we had to priori- to feature an IDEA char-
The first stretch sched- tize which roads to work ter school and Edinburg
uled for expansion by the on,” said Homer Jasso school district campuses
end of 2017 is an $11 mil- Jr. mayor pro-tem for the too. The City of McAllen
lion project that will turn city of Edinburg. “It’s a and Hidalgo County of-
RESACA MARKET SECTION VIIIARTICLES
RESACA MARKET TO BRING JOBS, SHOPS,
MOVIES, RECREATION TO EDINBURG
BY MAY ORTEGA , STAFF WRITER
THE MONITOR — FEBRUARY 15, 2016
with the soon-expanding ed success won’t be lim-
La Sienna community, ited to Edinburg, accord-
which neighbors the fu- ing to the EDC executive
ture market site. director.
“As there’s more rooftops, “I don’t think it’ll just …
as land becomes less and meet the needs for those
less available, there’s go- individual residents in
ing to be service centers that area,” he said. “I
all around that area,” he think it’s going to meet
said. “As you know, with the needs for people
people living out there throughout the region.”
right now, it has been a
successful development.” One of those needs is job
EDINBURG — Canoeing, the surrounding area,” creation, which Garcia
outdoor concerts, dozens said Gus Garcia, execu- La Sienna residential said there will be plenty of.
of new shops and thou- tive director of the city’s area, off U.S. Highway
sands of jobs will be read- Economic Development 281 near Davis Road, has While the entire project
ily accessible if all goes as Corporation. “We plan two subdivisions totaling will cost $250 million
planned for the upcom- on having outdoor enter- about 250 homes, Gar- when completed, it has
ing Resaca Market. tainment. There’ll be ac- cia said. That area will yet to require a single
tivities in the water (like) also experience some taxpayer dollar. The city
Ground was broken for
the, $250 million, 45- kayaking.” construction with the will contribute about $10
acre project off U.S. High- The market is not de- addition of another sub- million, which will be re-
way 281 near Monte Cris- signed like usual indoor division, adding up to 150 imbursed over a 25-year
to Road about six months malls, but rather as an houses. period.
ago. Digging is underway “outdoor lifestyle center,” La Sienna and the Resa- Garcia could not give
for a lake-like body of wa- as Garcia called it. Al- ca Market are both being an estimate on when
ter, called a resaca, which though La Plaza Mall has orchestrated by the Edin- the entire Resaca Mar-
the market is named after. had tremendous success, burg-based Burns Broth- ket will be complete be-
The lake will serve as he said, such projects are ers, LTD. The upscale cause that depends on
the area’s centerpiece. It becoming pricier. Resaca community totals about initial retail tenants and
will be surrounded by a Market will differ because 700 acres. how soon others take up
movie theater, boardwalk, of the additional ameni- The idea for the market space there as well. Still,
jogging trail, a hotel and ties it will offer. was born in 2007 follow- he trusts the Rio Grande
dozens of retail outlets. “Not only will you have the ing La Sienna’s creation. Valley will receive the
Stores will have 350,000 shops, but you’re going However, Garcia said project with open arms.
square feet to work with, to have recreational and plans for the center were
“The citizens in the com-
but specific companies entertainment value to it, halted when the Great
munity, they want more.
taking up residence there which is really exciting for Recession hit in late 2007.
They want everybody
are being kept under us because a lot of these When the coast seemed
to do better. They want
wraps. citizens want that,” he clear about three years
more opportunities and
“We’ve got these really said. “It’ll be the first type ago, he said talks were more choices, and I think
neat cooling towers that of mall like that.” renewed. that they’re anxious to
cool the ambient air — He added the venture fits The endeavor’s anticipat see it happen.”
RESACA MARKET SECTION VIIIFULL PROFILE
DEMOGRAPHICS
2000-2010 Census, 2016 Estimates with 2021 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 26.3545/-98.1484
RF1
Resaca Market
3 mi radius 5 mi radius 7 mi radius 10 mi radius
4905 N Expressway 281, Edinburg, TX 78542-7477
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
2016 Estimated Population 23,452 87,689 134,795 268,631
POPULATION
2021 Projected Population 24,854 92,315 141,810 282,461
2010 Census Population 20,836 79,413 121,324 246,025
2000 Census Population 13,026 54,573 78,570 165,868
Projected Annual Growth 2016 to 2021 1.2% 1.1% 1.0% 1.0%
Historical Annual Growth 2000 to 2016 5.0% 3.8% 4.5% 3.9%
2016 Estimated Households 6,183 25,152 38,545 78,185
HOUSEHOLDS
2021 Projected Households 6,758 27,333 41,841 84,777
2010 Census Households 5,385 22,341 33,835 69,889
2000 Census Households 3,222 14,861 21,272 46,144
Projected Annual Growth 2016 to 2021 1.9% 1.7% 1.7% 1.7%
Historical Annual Growth 2000 to 2016 5.7% 4.3% 5.1% 4.3%
2016 Est. Population Under 10 Years 19.9% 18.4% 18.7% 18.5%
2016 Est. Population 10 to 19 Years 19.0% 17.6% 17.7% 17.7%
2016 Est. Population 20 to 29 Years 17.1% 18.7% 17.3% 16.2%
2016 Est. Population 30 to 44 Years 19.8% 20.0% 20.6% 20.6%
AGE
2016 Est. Population 45 to 59 Years 14.0% 14.2% 14.6% 15.4%
2016 Est. Population 60 to 74 Years 7.5% 7.7% 7.8% 8.3%
2016 Est. Population 75 Years or Over 2.7% 3.3% 3.3% 3.4%
2016 Est. Median Age 25.6 26.8 27.1 27.9
2016 Est. Male Population 49.4% 50.3% 49.8% 49.3%
MARITAL STATUS
2016 Est. Female Population 50.6% 49.7% 50.2% 50.7%
& GENDER
2016 Est. Never Married 29.1% 34.0% 33.5% 32.8%
2016 Est. Now Married 52.5% 43.5% 46.2% 47.4%
2016 Est. Separated or Divorced 15.2% 17.9% 16.1% 15.8%
2016 Est. Widowed 3.2% 4.6% 4.2% 4.0%
2016 Est. HH Income $200,000 or More 1.2% 1.6% 2.1% 3.0%
2016 Est. HH Income $150,000 to $199,999 2.0% 2.3% 3.2% 3.4%
2016 Est. HH Income $100,000 to $149,999 5.3% 8.2% 11.1% 11.4%
2016 Est. HH Income $75,000 to $99,999 11.7% 10.0% 11.3% 11.3%
2016 Est. HH Income $50,000 to $74,999 15.4% 14.9% 15.3% 16.6%
INCOME
2016 Est. HH Income $35,000 to $49,999 14.7% 13.3% 13.2% 13.0%
2016 Est. HH Income $25,000 to $34,999 12.5% 10.7% 10.0% 10.4%
2016 Est. HH Income $15,000 to $24,999 11.3% 14.0% 12.7% 11.9%
2016 Est. HH Income Under $15,000 26.0% 25.1% 21.1% 19.1%
2016 Est. Average Household Income $47,948 $50,113 $57,975 $62,776
2016 Est. Median Household Income $37,094 $37,258 $44,947 $48,269
2016 Est. Per Capita Income $12,660 $14,806 $16,902 $18,443
2016 Est. Total Businesses 332 1,928 3,135 7,216
2016 Est. Total Employees 4,176 26,948 40,073 74,208
©2016, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 3 Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography
RESACA MARKET SECTION IXFULL PROFILE
DEMOGRAPHICS
2000-2010 Census, 2016 Estimates with 2021 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 26.3545/-98.1484
RF1
Resaca Market
3 mi radius 5 mi radius 7 mi radius 10 mi radius
4905 N Expressway 281, Edinburg, TX 78542-7477
2016 Est. White 93.4% 87.1% 86.4% 86.6%
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
2016 Est. Black 0.6% 1.6% 1.5% 1.4%
RACE
2016 Est. Asian or Pacific Islander 0.3% 1.0% 1.8% 2.1%
2016 Est. American Indian or Alaska Native 0.2% 0.4% 0.4% 0.3%
2016 Est. Other Races 5.5% 9.9% 9.9% 9.7%
2016 Est. Hispanic Population 22,352 81,037 122,489 240,487
HISPANIC
2016 Est. Hispanic Population 95.3% 92.4% 90.9% 89.5%
2021 Proj. Hispanic Population 95.6% 92.8% 91.3% 90.0%
2010 Hispanic Population 95.0% 92.0% 90.6% 89.0%
2016 Est. Adult Population (25 Years or Over) 12,120 46,828 72,781 148,105
2016 Est. Elementary (Grade Level 0 to 8) 22.4% 19.6% 18.3% 16.9%
(Adults 25 or Older)
EDUCATION
2016 Est. Some High School (Grade Level 9 to 11) 13.8% 12.6% 11.4% 11.2%
2016 Est. High School Graduate 22.7% 24.2% 23.3% 23.3%
2016 Est. Some College 20.1% 20.9% 20.9% 20.4%
2016 Est. Associate Degree Only 3.5% 4.4% 4.6% 5.1%
2016 Est. Bachelor Degree Only 12.0% 13.4% 15.4% 16.6%
2016 Est. Graduate Degree 5.4% 5.0% 6.2% 6.4%
2016 Est. Total Housing Units 6,666 26,572 40,689 82,916
HOUSING
2016 Est. Owner-Occupied 68.6% 55.5% 61.5% 63.9%
2016 Est. Renter-Occupied 24.2% 39.2% 33.3% 30.4%
2016 Est. Vacant Housing 7.2% 5.3% 5.3% 5.7%
2010 Homes Built 2005 or later 15.9% 17.6% 18.5% 16.5%
HOMES BUILT BY YEAR
2010 Homes Built 2000 to 2004 23.9% 17.4% 18.1% 17.0%
2010 Homes Built 1990 to 1999 26.0% 21.8% 22.9% 22.8%
2010 Homes Built 1980 to 1989 12.6% 13.3% 14.0% 17.3%
2010 Homes Built 1970 to 1979 9.6% 13.4% 12.4% 13.6%
2010 Homes Built 1960 to 1969 5.6% 7.5% 6.2% 5.7%
2010 Homes Built 1950 to 1959 3.2% 4.9% 4.2% 3.9%
2010 Homes Built Before 1949 3.2% 4.1% 3.6% 3.2%
2010 Home Value $1,000,000 or More 0.2% 0.2% 0.2% 0.4%
2010 Home Value $500,000 to $999,999 0.8% 1.4% 1.5% 1.3%
2010 Home Value $400,000 to $499,999 0.6% 1.1% 1.3% 1.3%
2010 Home Value $300,000 to $399,999 1.2% 1.7% 1.9% 2.3%
HOME VALUES
2010 Home Value $200,000 to $299,999 5.0% 5.2% 7.4% 7.8%
2010 Home Value $150,000 to $199,999 9.5% 11.2% 12.8% 12.6%
2010 Home Value $100,000 to $149,999 14.5% 16.8% 19.6% 21.3%
2010 Home Value $50,000 to $99,999 37.8% 35.9% 32.7% 31.9%
2010 Home Value $25,000 to $49,999 19.8% 17.9% 15.0% 14.3%
2010 Home Value Under $25,000 10.6% 8.6% 7.6% 6.8%
2010 Median Home Value $71,621 $82,564 $92,371 $97,000
2010 Median Rent $484 $476 $493 $533
RESACA MARKET
©2016, Sites USA, Chandler, Arizona, 480-491-1112 page 2 of 3
SECTION IX
Demographic Source: Applied Geographic Solutions 04/2016, TIGER GeographyFULL PROFILE
DEMOGRAPHICS
2000-2010 Census, 2016 Estimates with 2021 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 26.3545/-98.1484
RF1
Resaca Market
3 mi radius 5 mi radius 7 mi radius 10 mi radius
4905 N Expressway 281, Edinburg, TX 78542-7477
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
2016 Est. Labor Population Age 16 Years or Over 16,117 62,566 95,256 189,923
2016 Est. Civilian Employed 54.9% 55.2% 56.8% 57.7%
LABOR FORCE
2016 Est. Civilian Unemployed 4.5% 4.1% 3.9% 3.9%
2016 Est. in Armed Forces - - - -
2016 Est. not in Labor Force 40.7% 40.7% 39.2% 38.4%
2016 Labor Force Males 48.6% 49.8% 49.2% 48.6%
2016 Labor Force Females 51.4% 50.2% 50.8% 51.4%
2010 Occupation: Population Age 16 Years or Over 7,078 28,570 45,573 95,035
2010 Mgmt, Business, & Financial Operations 8.4% 8.6% 9.6% 10.7%
2010 Professional, Related 15.5% 20.4% 21.4% 21.8%
OCCUPATION
2010 Service 21.9% 23.6% 22.9% 22.4%
2010 Sales, Office 24.7% 25.5% 25.1% 25.9%
2010 Farming, Fishing, Forestry 2.1% 1.5% 1.4% 1.2%
2010 Construction, Extraction, Maintenance 14.8% 10.6% 10.0% 9.4%
2010 Production, Transport, Material Moving 12.6% 9.9% 9.5% 8.6%
2010 White Collar Workers 48.6% 54.4% 56.2% 58.4%
2010 Blue Collar Workers 51.4% 45.6% 43.8% 41.6%
2010 Drive to Work Alone 71.3% 75.2% 76.7% 78.9%
TRANSPORTATION
2010 Drive to Work in Carpool 14.7% 12.8% 12.6% 11.4%
TO WORK
2010 Travel to Work by Public Transportation 0.7% 0.7% 0.5% 0.3%
2010 Drive to Work on Motorcycle 0.5% 0.5% 0.4% 0.3%
2010 Walk or Bicycle to Work 1.6% 2.8% 2.1% 1.7%
2010 Other Means 6.8% 5.0% 4.6% 3.7%
2010 Work at Home 4.4% 3.1% 3.1% 3.6%
2010 Travel to Work in 14 Minutes or Less 30.0% 32.2% 31.1% 30.5%
TRAVEL TIME
2010 Travel to Work in 15 to 29 Minutes 37.7% 42.9% 44.3% 47.2%
2010 Travel to Work in 30 to 59 Minutes 27.0% 21.5% 21.2% 19.2%
2010 Travel to Work in 60 Minutes or More 5.3% 3.4% 3.3% 3.1%
2010 Average Travel Time to Work 21.1 18.8 18.8 18.5
2016 Est. Total Household Expenditure $263 M $1.10 B $1.85 B $3.96 B
2016 Est. Apparel $9.29 M $38.7 M $65.2 M $139 M
CONSUMER EXPENDITURE
2016 Est. Contributions, Gifts $15.5 M $66.2 M $115 M $252 M
2016 Est. Education, Reading $9.22 M $39.9 M $69.0 M $149 M
2016 Est. Entertainment $14.5 M $60.5 M $103 M $220 M
2016 Est. Food, Beverages, Tobacco $42.3 M $175 M $291 M $620 M
2016 Est. Furnishings, Equipment $8.46 M $35.7 M $61.3 M $132 M
2016 Est. Health Care, Insurance $23.6 M $98.3 M $163 M $348 M
2016 Est. Household Operations, Shelter, Utilities $82.0 M $343 M $576 M $1.23 B
2016 Est. Miscellaneous Expenses $3.89 M $16.3 M $27.2 M $58.0 M
2016 Est. Personal Care $3.44 M $14.4 M $24.2 M $51.6 M
2016 Est. Transportation $50.8 M $211 M $355 M $757 M
©2016, Sites USA, Chandler, Arizona, 480-491-1112 page 3 of 3 Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography
RESACA MARKET SECTION IXAGENCY DISCLOSURE
INFORMATION ABOUT BROKERAGE SERVICES
Texas law requires all real estate licensees to give the following information about
brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS: transaction. The written agreement must state who
• A BROKER is responsible for all brokerage activities, will pay the broker and, in conspicuous bold or under-
including acts performed by sales agents sponsored lined print, set forth the broker’s obligations as an in-
by the broker. termediary. A broker who acts as an intermediary:
• A SALES AGENT must be sponsored by a broker and • Must treat all parties to the transaction impartially
works with clients on behalf of the broker. and fairly;
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW • May, with the parties’ written consent, appoint a dif-
(A client is the person or party that the broker represents): ferent license holder associated with the broker to
• Put the interests of the client above all others, includ- each party (owner and buyer) to communicate with,
ing the broker’s own interests; provide opinions and advice to, and carry out the in-
• Inform the client of any material information about structions of each party to the transaction.
the property or transaction received by the broker; • Must not, unless specifically authorized in writing to
• Answer the client’s questions and present any offer do so by the party, disclose:
to or counter-offer from the client; and › that the owner will accept a price less than the writ-
• Treat all parties to a real estate transaction honestly ten asking price;
and fairly. › that the buyer/tenant will pay a price greater than
the price submitted in a written offer; and
A LICENSE HOLDER CAN REPRESENT A PARTY IN A › any confidential information or any other informa-
REAL ESTATE TRANSACTION: tion that a party specifically instructs the broker
AS AGENT FOR OWNER (SELLER/LANDLORD): The in writing not to disclose, unless required to do so
broker becomes the property owner’s agent through by law.
an agreement with the owner, usually in a written list- AS SUBAGENT: A license holder acts as a subagent
ing to sell or property management agreement. An when aiding a buyer in a transaction without an agree-
owner’s agent must perform the broker’s minimum ment to represent the buyer. A subagent can assist
duties above and must inform the owner of any ma- the buyer but does not represent the buyer and must
terial information about the property or transaction place the interests of the owner first.
known by the agent, including information disclosed to
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN
the agent or subagent by the buyer or buyer’s agent.
YOU AND A BROKER SHOULD BE IN WRITING AND
AS AGENT FOR BUYER/TENANT: The broker becomes CLEARLY ESTABLISH:
the buyer/tenant’s agent by agreeing to represent • The broker’s duties and responsibilities to you, and
the buyer, usually through a written representation your obligations under the representation agreement.
agreement. A buyer’s agent must perform the bro- • Who will pay the broker for services provided to you,
ker’s minimum duties above and must inform the buy- when payment will be made and how the payment
er of any material information about the property or will be calculated.
transaction known by the agent, including information LICENSE HOLDER CONTACT INFORMATION: This no-
disclosed to the agent by the seller or seller’s agent. tice is being provided for information purposes. It does
AS AGENT FOR BOTH — INTERMEDIARY: To act as not create an obligation for you to use the broker’s
an intermediary between the parties the broker must services. Please acknowledge receipt of this notice be-
first obtain the written agreement of each party to the low and retain a copy for your records.
Regulated by the Texas Real Estate Commission. Information available at www.trec.texas.gov IABS 1-0 02/16/16
REATA Real Estate Services, LP 9002891 ttyng@reatares.com 210.930.4111
Licensed Broker/Broker Firm Name or License Number Email Phone
Primary Assumed Business Name
Thomas C. Tyng, Jr. 0406718 ttyng@reatares.com 210.930.4111
Designated Broker of Firm License Number Email Phone
Sales Agent License Number Email Phone
Sales Agent License Number Email Phone
Sales Agent License Number Email Phone
Buyer/Tenant/Seller/Landlord Initials Date
RESACA MARKET SECTION VIIYou can also read
