FUTURE DEVELOPMENT - LoopNet...•Rebate of ½ of the city’s sales tax from the sale of goods by...
Transcript of FUTURE DEVELOPMENT - LoopNet...•Rebate of ½ of the city’s sales tax from the sale of goods by...
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www.RubiconRealty.com Brokerage I Management I Development
Jefferson Drive Plaza
RETAIL FOR LEASE
1645 Jefferson Drive, Port Arthur, TX 77642
Thad Mai
Cell: 832-607-5113
Office: 281.313.0000 ext. 33
Email: [email protected]
Gulfway Drive
FUTURE DEVELOPMENT
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Property Information
Disclaimer: Information contained here in, while supplied by sources deemed reliable, is subject to errors and is not warrantied by Rubicon Realty Group or its agents. This information is subject to change without notice.
LOCATION
AVAILABLE FOR LEASE
10,488 Square Feet, 60 Feet Deep
CENTER SIZE
GLA of 12,000 Square Feet (Just completed)
AVAILABLE
Now
BASE RENT
$24 PSF
NNN (CAM, PROPERTY TAXES & INSURANCE)
$6.00 Per Square Foot/Year (Estimated)
DELIVERY CONDITION / TI ALLOWANCE
NEGOTIABLE
ZONING
LC– Light Commercial
PERMITTING THROUGH
City of Port Arthur
UTULITIES / DETENTION
To Site / Not Required
• Traffic Count: 10,920 Cars Per Day on Jefferson Drive (Pitney Bowes 2018)
• Population Density: 77,590 (within a 5-mile radius) • Average HH Income: $ 50,521 (within a 3-mile radius)
• Average home price: $166,018 • Located on the South side of Gulfway Drive (Hwy 87) ,and west of Jefferson Drive, ap-
proximately 1.5 miles south of Hwy 73, in Port Arthur. • Total Daytime at Home Population: 35,650 (within a 3-mile radius) • Total Employees: 21,129 (within a 3-mile radius)
Houston
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Disclaimer: Information contained here in, while supplied by sources deemed reliable, is subject to errors and is not warrantied by Rubicon Realty Group or its agents. This information is subject to change without notice.
Aerial Map
Site
(Expanding)
(Expanding)
(Expanding)
(Expanding)
(Expanding)
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Disclaimer: Information contained here in, while supplied by sources deemed reliable, is subject to errors and is not warrantied by Rubicon Realty Group or its agents. This information is subject to change without notice.
Future Developments
$72 BILLION OF CAPITAL INVESTMENT COMING TO PORT ARTHUR THE MOTIVA REFINERY (owned by Saudi Aramco) is adding another 4,000 employees (for the total of 5,500 employees) to its plans and offices in Port Arthur. Part of the plan calls for construction of a $4.7 billion dollar "steam cracker" to make Ethylene. The Port Arthur plant is already the nation's largest oil refin-ery, and this would put Motiva in the petrochemical game. The company has closed on the World Trade Building and the Federal Building in downtown Port
Arthur, which will be renovated to 500 employees. Motiva is also negotiating for the purchase of Sabine Hotel downtown to convert it into corporate housing. The company gave Port Arthur schools $900,000.
A joint venture between Paris-based Total SA (NYSE: TOT), Calgary-based Nova Chemicals Corp. and Vienna-based Borealis AG are under construction to add a new $1.7 billion Ethane cracker next to the exiting Total Petrochemicals & Refining USA Inc.’s existing refinery in Port Arthur and steam cracker. Construction on the new Ethane cracker will support a peak of 1,500 engineering and construction jobs, and once the cracker is in service in 2020 it will require 60 full-time jobs.
Sempra Energy’s Port Arthur liquefied natural gas (LNG) export terminal holds some 3,000 acres in the county along Highway 87, in route to Sabine Pass. The company’s Port Arthur subsidiary LNG received authorization to site, construct and operate its natural gas liquefaction-export facility. Estimat-ed at $8-9 billion, the project would involve some 3,500 engineering and construction workers and estimates 100 permanent jobs..
Valero Port Arthur, Texas plans a second delayed coking unit and sulfur recovery unit as part of a $900 million expansion. At the peak of construction, 1,500 people will be employed and there will be 30 to 40 permanent jobs.
The Golden Pass Products LLC (affiliates of Qatar Petroleum and ExxonMobil) is moving forward with its $10+ billion infrastructure expansion of its existing Golden Pass LNG facility in Sabine Pass. Golden Pass expects to support about 9,000 construction jobs over the five-year construction period and more than 200 permanent jobs once the facility is operational. Construction is already underway, and the facility is expected to be op-erational in 2024.
Access RV Park and Port Arthur RV Resort have had to create waiting lists because they are already full. Construction has already started on the Golden Tri-angle RV Resort in Port Arthur and will include 137 spaces.
DEVELOPMENT TAX INCENTIVES This property qualifies for a Neighborhood Empowerment Zone credit, where developers of new real state qualify for:
•Up to 8 years of full city property tax abatement •Rebate of ½ of the city’s sales tax from the sale of goods by retailers/wholesalers occupying such real estate, payable to the developer (1/2 of the 1.5% city tax)
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Disclaimer: Information contained here in, while supplied by sources deemed reliable, is subject to errors and is not warrantied by Rubicon Realty Group or its agents. This information is subject to change without notice.
2018 Demographics 1– MI 3–MI 5-MI
Total Population 1,546 12,781 40,416
Growth 2010-2018 13.68% 17.14% 17.42%
Growth 2018-2023 15.01% 15.42% 15.45%
Average Household Income $87,168 $90,183 $98,368
% Bachelor’s Degree 11.99% 14.53% 15.51%
% Advanced Degree 5.30% 5.64% 6.36%
Average Household Size 3.00 3.00 3.00
Demographics
2018 Demographics 1– MI 3–MI 5-MI
Total Population 22,622 57,831 77,590
Average Household Income $ 46,205 $ 50,521 $ 53,453
Median Household Income $ 37,632 $ 40,053 $ 41,844
Total Daytime Population 17,738 56,779 78,535
-Daytime at Home Population 14,162 35,650 46,989
-Daytime Employees 3,576 21,129 31,546
(Pitney Bowes data accessed from Komreal.com 2019)
Gulfway Drive
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Disclaimer: Information contained here in, while supplied by sources deemed reliable, is subject to errors and is not warrantied by Rubicon Realty Group or its agents. This information is subject to change without notice.
Aerial Map
Site
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Disclaimer: Information contained here in, while supplied by sources deemed reliable, is subject to errors and is not warrantied by Rubicon Realty Group or its agents. This information is subject to change without notice.
Site Plan
Future Development
Jefferso
n D
rive
Gulfway Drive
FOR LEASE 10,488 SF
Donut
Shop
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Info
rmati
on
Ab
ou
t B
roke
rage
Ser
vice
s Te
xas
law
req
uir
es a
ll re
al e
stat
e lic
ense
ho
lder
s to
giv
e th
e fo
llow
ing
info
rmati
on
ab
ou
t b
roke
rage
ser
vice
s to
Tex
as la
w r
equ
ires
all
real
est
ate
licen
se h
old
ers
to g
ive
the
follo
win
g in
form
atio
n a
bo
ut
bro
kera
ge s
ervi
ces
to p
rosp
ecti
ve b
uye
rs, t
enan
ts, s
elle
rs a
nd
lan
dlo
rds.
TY
PES
OF
REA
L ES
TATE
LIC
ENSE
HO
LDER
S:
A B
RO
KER
is r
esp
on
sib
le f
or
all b
roke
rage
acti
viti
es, i
ncl
ud
ing
acts
per
form
ed b
y sa
les
agen
ts s
po
nso
red
by
the
bro
-ke
r.
A S
ALE
S A
GEN
T m
ust
be
spo
nso
red
by
a b
roke
r an
d w
ork
s w
ith
clie
nts
on
beh
alf
of
the
bro
ker.
A
BR
OK
ER’S
MIN
IMU
M D
UTI
ES R
EQU
IRED
BY
LAW
(A
clie
nt
is t
he
per
son
or
par
ty t
hat
th
e b
roke
r re
pre
sen
ts):
P
ut
the
inte
rest
s o
f th
e cl
ien
t ab
ove
all
oth
ers,
incl
ud
ing
the
bro
ker’
s o
wn
inte
rest
s;
Info
rm t
he
clie
nt
of
any
mat
eri
al in
form
atio
n a
bo
ut
the
pro
per
ty o
r tr
ansa
ctio
n r
ece
ived
by
the
bro
ker;
A
nsw
er
the
clie
nt’
s q
ues
tio
ns
and
pre
sen
t an
y o
ffer
to
or
cou
nte
r-o
ffe
r fr
om
th
e cl
ien
t; a
nd
Tr
eat
all p
arti
es t
o a
rea
l est
ate
tran
sacti
on
ho
nes
tly
and
fai
rly.
A
LIC
ENSE
HO
LDER
CA
N R
EPR
ESEN
T A
PA
RTY
IN A
REA
L ES
TATE
TR
AN
SAC
TIO
N:
AS
AG
ENT
FOR
OW
NER
(SE
LLER
/LA
ND
LOR
D):
Th
e b
roke
r b
eco
mes
th
e p
rop
erty
ow
ner
's a
gen
t th
rou
gh a
n a
gree
men
t w
ith
th
e o
wn
er, u
sual
ly in
a w
ritt
en li
stin
g to
sel
l or
pro
per
ty m
anag
emen
t ag
reem
ent.
An
ow
ner
's a
gen
t m
ust
per
-fo
rm t
he
bro
ker’
s m
inim
um
du
ties
ab
ove
an
d m
ust
info
rm t
he
ow
ner
of
any
mat
eria
l in
form
atio
n a
bo
ut
the
pro
per
-ty
or
tran
sacti
on
kn
ow
n b
y th
e ag
ent,
incl
ud
ing
info
rmati
on
dis
clo
sed
to
th
e ag
ent
or
sub
agen
t b
y th
e b
uye
r o
r b
uy-
er’s
age
nt.
A
S A
GEN
T FO
R B
UYE
R/T
ENA
NT:
Th
e b
roke
r b
eco
mes
th
e b
uye
r/te
nan
t's
agen
t b
y ag
ree
ing
to r
epre
sen
t th
e b
uye
r, u
su-
ally
th
rou
gh a
wri
tten
rep
rese
nta
tio
n a
gree
men
t. A
bu
yer'
s ag
ent
mu
st p
erfo
rm t
he
bro
ker’
s m
inim
um
du
ties
ab
ove
an
d m
ust
info
rm t
he
bu
yer
of
any
mat
eria
l in
form
atio
n a
bo
ut
the
pro
per
ty o
r tr
ansa
ctio
n k
no
wn
by
the
agen
t, in
-cl
ud
ing
info
rmati
on
dis
clo
sed
to
th
e ag
ent
by
the
selle
r o
r se
ller’
s ag
ent.
A
S A
GEN
T FO
R B
OTH
- IN
TER
MED
IAR
Y: T
o a
ct a
s an
inte
rmed
iary
bet
wee
n t
he
par
ties
th
e b
roke
r m
ust
firs
t o
bta
in t
he
wri
tten
agr
eem
ent
of
each
par
ty t
o t
he
tran
sacti
on
. Th
e w
ritt
en a
gree
men
t m
ust
sta
te w
ho
will
pay
th
e b
roke
r an
d,
in c
on
spic
uo
us
bo
ld o
r u
nd
erlin
ed p
rin
t, s
et f
ort
h t
he
bro
ker'
s o
blig
atio
ns
as a
n in
term
edia
ry. A
bro
ker
wh
o a
cts
as
an in
term
edia
ry:
Mu
st t
reat
all
par
ties
to
th
e tr
ansa
ctio
n im
par
tial
ly a
nd
fai
rly;
May
, wit
h t
he
par
ties
' wri
tten
co
nse
nt,
ap
po
int
a d
iffer
ent
licen
se h
old
er a
sso
ciat
ed w
ith
th
e b
roke
r to
eac
h p
arty
(o
wn
er a
nd
bu
yer)
to
co
mm
un
icat
e w
ith
, pro
vid
e o
pin
ion
s an
d a
dvi
ce t
o, a
nd
car
ry o
ut
the
inst
ructi
on
s o
f ea
ch p
arty
to
th
e tr
ansa
ctio
n.
Mu
st n
ot,
un
less
sp
ecifi
cally
au
tho
rize
d in
wri
tin
g to
do
so
by
the
par
ty, d
iscl
ose
:
th
at t
he
ow
ner
will
acc
ept
a p
rice
less
th
an t
he
wri
tten
ask
ing
pri
ce;
that
th
e b
uye
r/te
nan
t w
ill p
ay a
pri
ce g
reat
er t
han
th
e p
rice
su
bm
itted
in a
wri
tten
off
er;
an
d
a
ny
con
fid
enti
al in
form
atio
n o
r an
y o
ther
info
rmati
on
th
at a
par
ty s
pec
ifica
lly in
stru
cts
the
bro
ker
in w
riti
ng
no
t to
dis
clo
se, u
nle
ss r
equ
ired
to
do
so
by
law
. A
S SU
BA
GEN
T: A
lice
nse
ho
lder
act
s as
a s
ub
agen
t w
hen
aid
ing
a b
uye
r in
a t
ran
sacti
on
wit
ho
ut
an a
gree
men
t to
re
pre
-se
nt
the
bu
yer.
A s
ub
agen
t ca
n a
ssis
t th
e b
uye
r b
ut
do
es n
ot
rep
rese
nt
the
bu
yer
and
mu
st p
lace
th
e in
tere
sts
of
the
ow
ner
firs
t.
TO A
VO
ID D
ISPU
TES,
ALL
AG
REE
MEN
TS B
ETW
EEN
YO
U A
ND
A B
RO
KER
SH
OU
LD B
E IN
WR
ITIN
G A
ND
CLE
AR
LY E
STA
BLI
SH:
Th
e b
roke
r’s
du
ties
an
d r
esp
on
sib
iliti
es t
o y
ou
, an
d y
ou
r o
blig
atio
ns
un
der
th
e re
pre
sen
tati
on
agr
eem
ent.
Wh
o w
ill p
ay t
he
bro
ker
for
serv
ices
pro
vid
ed t
o y
ou
, wh
en p
aym
ent
will
be
mad
e an
d h
ow
th
e p
aym
ent
will
be
calc
u-
late
d.
LIC
ENSE
HO
LDER
CO
NTA
CT
INFO
RM
ATI
ON
: Th
is n
oti
ce is
bei
ng
pro
vid
ed f
or
info
rmati
on
pu
rpo
ses.
It d
oes
no
t cr
eate
an
o
blig
atio
n f
or
you
to
use
th
e b
roke
r’s
serv
ices
. Ple
ase
ack
no
wle
dge
rec
eip
t o
f th
is n
oti
ce b
elo
w a
nd
ret
ain
a c
op
y fo
r yo
ur
reco
rds
pro
spec
tive
bu
yers
, te
nan
ts, s
elle
rs a
nd
lan
dlo
rds.
Ru
bic
on
Rea
lty
Gro
up
LLC
60
881
5 sw
eave
r@ru
bic
on
real
ty.c
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ver@
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ico
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alty
.co
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ver@
rub
ico
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ford
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bic
on
real
ty.c
om
281-
313-
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281
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281
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281
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