KILLEEN, TX
Cellular Sales is a premium retailer for Verizon Wireless products and services. Since 1993, when the company was founded in Knoxville, TN as a retailer for Cellular One, Cellular Sales has experienced more than 20 consecutive years of positive growth. For the past five years, Inc. Magazine has named Cellular Sales one of the nation’s fastest growing retail companies in the country. This year, Inc. Magazine listed Cellular Sales at No. 61 on its list of the nation’s fastest growing retail companies according to gross dollars of growth. The company’s success is due to its focus on customer service and the sales professionals who drive those experiences.
Verizon Wireless is an innovative wireless communications company that connects people and businesses with the most advanced wireless technology and service available. The company launched the nation’s first 3G wireless broadband network. They were also the first tierone wireless provider in the nation to build and operate a 4G LTE network. With 4G LTE, their customers can access the Internet and stream media faster than ever—and experience their mobile world in real-time. As the nation’s largest wireless company, they serve 109.5 million retail connections and operate more than 1,700 retail locations in the United States. Globally, they offer voice and data services in more than 200 destinations. Verizon Wireless is wholly owned by Verizon Communications Inc. and is headquartered in Basking Ridge, N.J.
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SFORTHOODST
Pershing Park Elementary School
W HALLMARK AVE
KILLEEN-TEMPLE-FORT HOOD, TX
Killeen-Temple-Fort Hood is a metropolitan statistical area in Central Texas that covers three counties - Bell, Coryell, and Lampasas.
Temple was founded as a railroad town in 1881, and was named after a Santa Fe Railroad official, Bernard Moore Temple. The Santa Fe railroad needed a central junction point for the hundreds of miles of track that were beginning to spread throughout the state. Temple has developed as a small city with a number of arts and retail amenities not typically associated with a smaller community. The primary economic drivers are the extensive medical community (mostly due to Scott & White Memorial Hospital) and goods distribution based on its central location and proximity to larger cities.
Until the 1940s the area remained a relatively small and isolated farm trade center, but this changed drastically after 1942, when Camp Hood (re-
commissioned as Fort Hood in 1950) was created as a military training post to meet the demands of the Second World War. Laborers, construction workers, contractors, soldiers, and their families moved into the area by the thousands, and Killeen became a military boomtown. The opening of Camp Hood also radically altered the nature of the local economy, since the sprawling new military post covered almost half of Killeen’s farming trade area. The loss of more than 300 farms and ranches led to the demise of Killeen’s cotton gins and other farmrelated businesses. New businesses were started to provide services for the military camp.
Killeen-Temple-Fort Hood is the demographic center of Texas. Located off Interstate 35 and with the major cities of Dallas, Houston and San Antonio less than three hours away, it is the transportation center as well. In fact, 84 percent of the state’s population is within three hours of Temple city limits.
PoPulation
In the identified area, the 2016 population was 161,706. The rate of change since 2000 was 34.04%. The five-year projection for the population in the area was 171,930 representing a change of 6.32% from 2016 to 2021. The population was 50.7% male and 49.3% female. The median age in this area was 27.0, compared to U.S. median age of 38.0.
HouseHolds
There were 55,788 households in your selected geography in 2016. The number of households changed by 44.19% since 2000. It is estimated that the number of households in your area will be 59,178 in 2021, which represents a change of 6.08% in five years. The average household size in your area was 2.78 persons.
income
In 2016, the median household income for your selected geography was $47,526, compared to the Entire US average which was $54,149. It is estimated that the median household income in your area will be $50,505 in 2021, which represents a change of 6.27% from 2016.
The per capita income in your area was $20,771, compared to the Entire US average, which was $29,472. The average household income in your area was $57,450, compared to the Entire US average which was $77,008.
Race and etHnicity
The 2016 racial makeup of your selected area was as follows: 45.9% White, 31.6% Black, 0.9% Native American and 5.4% Asian/Pacific Islander. Compare these to Entire US averages which were: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander. People of Hispanic origin are counted independently of race. People of Hispanic origin made up 25.1% of the 2016 population in your selected area. Compare this to the Entire US average of 17.9%.
Housing
In 2016, there were 21,959 owner occupied housing units in your area and there were 33,829 renter occupied housing units in your area. Median home value in the area was $124,521, compared to a median home value of $198,891 for the U.S.
emPloyment
In 2016, there were 54,051 employees in your selected area; this is also known as the daytime population. 54.0% of employees were employed in white-collar occupations in this geography, and 21.2% were employed in blue-collar occupations. In 2016, unemployment in this area was 7.5%.
CONFIDENTIALITY AGREEMENT
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group.
This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Vitorino Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.