54_AC Inwood Marketing Flyer [Targeted Presentation] Martins
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DETAILED PRESENTATION<br />
PREPARED FOR:<br />
NEW <strong>54</strong> <strong>AC</strong>RE DEVELOPMENT<br />
INWOOD, WV 2<strong>54</strong>28<br />
FOR LEASE / SALE
LOCATION OVERVIEW<br />
Located immediately along a primary retail and commuter corridor, this subject development is positioned<br />
within 0.3 mile of both I-81 (Exit 5) and U.S. Highway 11. The location offers exceptional visibility to I-81 traffic<br />
traveling both north and south and offers significant street frontage with multiple access points available.<br />
Subject Location<br />
Distance to Major cities:<br />
0-60 Minutes:<br />
<strong>Martins</strong>burg, WV - 8 miles<br />
Charles Town, WV - 15 miles<br />
Hagerstown, MD - 24 miles<br />
Winchester, VA - 25 miles<br />
Frederick, MD - 40 miles<br />
Leesburg, VA - 42 miles<br />
60-120 Minutes:<br />
Cumberland, MD - 67 miles<br />
Washington, DC - 77 miles<br />
Baltimore, MD - 95 miles<br />
Harrisburg, PA - 103 miles<br />
120-180 Minutes:<br />
Lancaster, PA - 125 miles<br />
Richmond, VA - 151 miles<br />
Morgantow, WV - 161 miles<br />
Pittsburgh, PA - 196 miles<br />
180+ Minutes:<br />
Philadelphia, PA - 202 miles<br />
Wheeling, WV - 226 miles<br />
New York, NY - 267 miles<br />
Charleston, WV - 312 miles<br />
02 DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV
SUGGESTED RETAILER:<br />
47,200+ AADT<br />
(Annual Average Daily Traffic , 2023)<br />
EXIT 5<br />
COMING SOON<br />
8,800 AADT<br />
(Annual Average Daily Traffic , 2022)<br />
22,600+ AADT<br />
(Annual Average Daily Traffic , 2023)
24<br />
12<br />
42<br />
8<br />
42<br />
12<br />
14<br />
32<br />
11<br />
42<br />
28<br />
42<br />
28<br />
12<br />
42<br />
20<br />
13<br />
20<br />
42<br />
20<br />
20<br />
20<br />
24<br />
11<br />
16<br />
16<br />
16<br />
36<br />
16<br />
16<br />
47<br />
28<br />
28<br />
28<br />
28<br />
28<br />
29<br />
30<br />
20<br />
14<br />
14<br />
14<br />
10<br />
SAMPLE PLOT PLAN<br />
EXISTING PROPERTY LINE<br />
LOCATION MAP<br />
INTERSTATE<br />
70<br />
INTERSTATE<br />
68<br />
RECEIVING<br />
FORE BAY<br />
40<br />
INTERSTATE<br />
81<br />
<strong>AC</strong>CESS ROAD<br />
AREA<br />
PROPOSED BIG<br />
BOX RETAILER<br />
±91,000 SF<br />
±390 PARKING SP<strong>AC</strong>ES<br />
4+ SP<strong>AC</strong>ES PER 1,000 SF<br />
380' FRONTAGE<br />
TRUCK ROUTE<br />
240'<br />
TRUCK TURN<br />
POND BUFFER ZONE<br />
MAIN BAY<br />
TRUCK ROUTE<br />
522<br />
45<br />
11<br />
INTERSTATE<br />
81<br />
51<br />
9<br />
INTERSTATE<br />
70<br />
340<br />
15<br />
RT 81<br />
±1100' FRONTAGE ALONG RT 81<br />
PERMISSABLE<br />
OUTPARCEL<br />
AREA<br />
± 8.8 <strong>AC</strong>RES<br />
outparcel<br />
size and<br />
configuration<br />
may vary<br />
DUNKIN<br />
EXISTING EXISTING<br />
BP GAS McDONALDS<br />
STATION<br />
EXISTING OUTPARCEL PROPERTY LINES ARE APPROXIMATE<br />
FUTURE "DUNKIN DRIVE"<br />
GERRARDSTOWN ROAD<br />
SW<br />
POND<br />
x PARKING SP<strong>AC</strong>ES<br />
±<br />
8.1 acres<br />
±64'<br />
±60'<br />
±40'<br />
±60'<br />
±40'<br />
±64'<br />
±40'<br />
MINI STRIP<br />
MALL<br />
± 2.7 <strong>AC</strong>RES<br />
ROUTE 51<br />
NEW DRIVEWAY<br />
FORMER<br />
FOOD LION<br />
RELOCATED<br />
EXIST<br />
WAFFLE<br />
HOUSE<br />
243 PARKING SP<strong>AC</strong>ES<br />
±80'<br />
CENTER<br />
OUTPARCEL<br />
±80'<br />
±60'<br />
±80'<br />
±60'<br />
±60'<br />
± 2.9 <strong>AC</strong>RES<br />
outparcel size and<br />
configuration may vary<br />
EXIST<br />
CAR WASH<br />
EXISTING<br />
BURGER KING<br />
EXISTING OUTPARCEL PROPERTY<br />
LINES ARE APPROXIMATE<br />
PROPOSED BIG<br />
BOX RETAILER<br />
±167,000 SF<br />
±669 PARKING STALLS<br />
(+132 GAS STATION<br />
PARKING STALLS)= 701<br />
5+ SP<strong>AC</strong>ES PER 1,000 SF<br />
455' FRONTAGE<br />
± 18.5 <strong>AC</strong>RES<br />
42 SP<strong>AC</strong>ES<br />
TRANSFORMER<br />
CONTROLLER<br />
ENCLOSURE<br />
89 PARKING SP<strong>AC</strong>ES<br />
24' 18'<br />
UNDERGROUND<br />
TANKS<br />
CANOPY<br />
CURB CUT<br />
PILGRIM STREET<br />
STORMWATER<br />
MANAGEMENT<br />
ENTRY/EXIT<br />
DRIVE,<br />
CURB CUT<br />
ENTRY/EXIT DRIVE,<br />
CURB CUT<br />
EXISTING<br />
DEAD-END<br />
ROAD<br />
POND<br />
± 1.2 <strong>AC</strong>RES<br />
WINCHESTER AVENUE ROUTE 11<br />
TRUCK AND<br />
FIRE LANE<br />
<strong>AC</strong>CESS<br />
50 522<br />
INTERSTATE<br />
81<br />
37<br />
DEVELOPMENT DATA<br />
ANCHOR STORES<br />
PROPOSED BIG BOX RETAILER---------167,000 SF<br />
PROPOSED BIG BOX RETAILER-----------91,000 SF<br />
TOTAL ANCHOR STORES-----------------258,000 SF<br />
OUTPARCELS<br />
MINI-STRIPMALL---------------------15,360 SF<br />
THREE-BOX OUTPARCEL------------14,400 SF<br />
(4,800 SF EA)<br />
TOTAL OUTPARCEL LEASABLE AREA----29,760 SF<br />
OVERALL LEASABLE AREA--------------287,760 SF<br />
TOTAL PARKING PROVIDED---------±1,596 VEHICLES<br />
TOTAL LAND AREA-----------------------±<strong>54</strong> <strong>AC</strong>RES<br />
PLOT PLAN<br />
<strong>54</strong> <strong>AC</strong>RE SITE<br />
PILGRIM STREET. & GERRARDSTOWN ROAD<br />
INWOOD, WV 2<strong>54</strong>28<br />
BERKELEY COUNTY<br />
50<br />
7<br />
MAIN ENTRANCE CURB CUT<br />
"DUNKIN' DRIVE"<br />
MANAGED BY<br />
REVISIONS<br />
DATE: 08.23.2023<br />
0 50 100 200 FT<br />
SCALE<br />
PP-1<br />
04<br />
DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV
The nearest Martin's is located<br />
in <strong>Martins</strong>burg, WV, 7.5 miles<br />
(8 minute drive) from the<br />
subject location.
AREA RESIDENTIAL GROWTH<br />
Spring Hill (387 single family homes)<br />
Townes of Topaz (45 Townhomes)<br />
Genesis Drive (14 Townhomes)<br />
<strong>Inwood</strong> Meadows (173+ Single Family Homes)<br />
Webber Springs (185+ Single Family Homes)<br />
Foley Springs (137 Single Family Homes, 182 Townhomes)<br />
Morning Dove Estates (130+ Single Family Homes)<br />
McCauley Crossing (100+ Single Family Homes, 115+ Townhomes)<br />
Trout Run (119 Townhomes)<br />
Boyd's Crossing (60 Townhomes)<br />
Elizabeth Station (235+ Single Family Homes)<br />
Highpointe (58 Single Family Homes)<br />
Sylvan Grove (56+ Single Family Homes)<br />
Stoney Ridge (110+ Single Family Homes)<br />
Bentwood Estates (130+ Single Family Homes)<br />
Springdale Farm (200+ Single Family Homes)<br />
Tabler Estates (120+ Single Family Homes)<br />
Tabler Station Manor (148 Townhomes)<br />
Mills Farm (124 Single Family Homes, 94+ Townhomes)<br />
Mill Creek Village (90+ Single Family Homes)<br />
South Brook (76 Single Family Homes)<br />
<strong>Inwood</strong> Village (128 Townhomes, 75+ Single Family Homes)<br />
< $199,000 $400,000 - $499,000<br />
$200,000 - $299,000 $500,000+<br />
$300,000 - $399,000 Rental<br />
06<br />
DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV
11
DEMOGRAPHICS & KEY F<strong>AC</strong>TS<br />
3 MILE RADIUS<br />
18,101 319 13,265 $219,844 $31,951 $67,190 1.57% 37.6<br />
Total<br />
Population<br />
Businesses<br />
Daytime<br />
Population<br />
Median Home<br />
Value<br />
Per Capita<br />
Income<br />
Median<br />
Household<br />
Income<br />
2020-2022<br />
Pop Growth Rate<br />
Median Age<br />
KEY SPENDING F<strong>AC</strong>TS<br />
$5,000<br />
$4,000<br />
$3,000<br />
$2,000<br />
$1,000<br />
$2,373<br />
$962<br />
$1,955<br />
$2,999<br />
$615<br />
$0<br />
Travel Transportation Apparel Entertainment Furniture<br />
08<br />
DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV
These infographics contain data provided by Esri, Esri and Bureau of Labor Statistics Esri and Data Axle.<br />
The vintage of the data is 2023, 2028. Spending facts are average annual dollar per household.<br />
5 MILE RADIUS 10 MILE RADIUS<br />
33,595 468 23,289 $228,416 101,695 2,376 90,912 $251,876<br />
Total<br />
Population<br />
Businesses<br />
Daytime<br />
Population<br />
Median Home<br />
Value<br />
Total<br />
Population<br />
Businesses<br />
Daytime<br />
Population<br />
Median Home<br />
Value<br />
$33,470 $69,610 1.80% 39.0 $35,163 $67,7<strong>54</strong> 1.11% 39.8<br />
Per Capita<br />
Income<br />
Median<br />
Household<br />
Income<br />
2020-2022<br />
Pop Growth<br />
Rate<br />
Median Age<br />
Per Capita<br />
Income<br />
Median<br />
Household<br />
Income<br />
2020-2022<br />
Pop Growth<br />
Rate<br />
Median Age<br />
KEY SPENDING F<strong>AC</strong>TS<br />
KEY SPENDING F<strong>AC</strong>TS<br />
$3,138 $3,223<br />
$3,000 $3,000<br />
$2,441<br />
$2,019<br />
$2,477<br />
$2,000 $2,000<br />
$2,078<br />
$983<br />
$1,000 $634 $1,000<br />
$998<br />
$642<br />
$0 $0<br />
Travel Transportation Apparel Entertainment Furniture<br />
Travel<br />
Transportation<br />
Apparel<br />
Entertainment<br />
Furniture<br />
BL<strong>AC</strong>K DIAMOND REALTY 09
MAJOR LOCAL EMPLOYERS<br />
FORTUNE 500 & INTERNATIONAL COMPANIES<br />
Ideally situated at the I-81 Corridor, Berkeley County is the Eastern Panhandle of West Virginia’s premier location for a<br />
new business or a development project. At 5,121 businesses strong and growing, Berkeley County is home to many<br />
Fortune 500 and international companies, including:<br />
INTERNATIONAL<br />
The Clorox Company champions<br />
people to be well and<br />
thrive every single day. Its<br />
trusted brands, which include<br />
Brita®, Burt's Bees®, Clorox®,<br />
Fresh Step®, Glad®, Hidden<br />
Valley®, Kingsford®, Liquid-Plumr®,<br />
Pine-Sol® and<br />
Rainbow Light®, can be found<br />
in about nine of 10 U.S. homes<br />
and internationally with brands<br />
such as Ajudin®, Clorinda®,<br />
Chux® and Poett®.<br />
Headquartered in Oakland,<br />
California, since 1913, Clorox<br />
was one of the first U.S.<br />
companies to integrate ESG<br />
into its business reporting, with<br />
commitments in three areas:<br />
Healthy Lives, Clean World and<br />
Thriving Communities.<br />
FedEx Corp (FedEx) is a<br />
provider of transportation,<br />
e-commerce and business<br />
services. It offers time-definite<br />
delivery services and international<br />
trade services such<br />
as customs brokerage, and<br />
global ocean and air freight<br />
forwarding.<br />
The company provides<br />
small-package ground delivery<br />
services, residential delivery<br />
services, less-than-truckload<br />
(LTL) freight services, in-store<br />
services and other business<br />
solutions. It has a market<br />
presence across various<br />
countries and territories in<br />
North America, South and<br />
Central America, Asia-Pacific,<br />
the Middle East, and Europe.<br />
Procter & Gamble is an American<br />
consumer goods giant<br />
specializing in a wide range<br />
of personal care and hygiene<br />
products. P&G was founded<br />
in 1837 by brothers-in-law<br />
William Procter, a candlemaker,<br />
and James Gamble, a<br />
soapmaker. Today the company<br />
manufactures well-known<br />
household products, including<br />
Crest, Charmin, Tide, Oral-B,<br />
Bounty, Febreze, Downy,<br />
and Gain.<br />
In 2014, P&G dropped around<br />
100 of its brands to make a<br />
concentrated effort on the<br />
remaining 65, which produced<br />
95% of the company’s profits.<br />
In 2020, P&G announced plans<br />
for its operations to be climate<br />
neutral by 2030, extending<br />
a previous goal to reduce<br />
emissions by half over the<br />
next 10 years.<br />
From their humble beginnings<br />
as a small discount retailer<br />
in Rogers, Ark., Walmart has<br />
opened thousands of stores in<br />
the U.S. and expanded internationally.<br />
Through innovation,<br />
they're creating a seamless<br />
experience to let customers<br />
shop anytime and anywhere<br />
online and in stores. They are<br />
creating opportunities and<br />
bringing value to customers<br />
and communities around the<br />
globe.<br />
Walmart operates approximately<br />
10,500 stores and<br />
clubs under 46 banners in 24<br />
countries and eCommerce<br />
websites. They employ 2.3<br />
million associates around the<br />
world — nearly 1.6 million in<br />
the U.S. alone.<br />
INTERNATIONAL<br />
INTERNATIONAL<br />
Source:<br />
https://www.thecloroxcompany.com/<br />
Source:<br />
https://www.globaldata.com/<br />
company-profile/fedex-corp/<br />
Source:<br />
https://fortune.com/company/<br />
procter-gamble/<br />
Source:<br />
https://corporate.walmart.com/about<br />
10<br />
DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV
EMPLOYMENT IN BERKELEY COUNTY<br />
In the last year, the employment rate in West Virginia has increased by<br />
3.8%, giving businesses 26,000 new employees. With an unemployment<br />
rate of 2.7%, Berkeley County’s workforce continues to stay well<br />
above the national and state averages, providing businesses an<br />
excellent opportunity to acquire and retain qualified talent. Even<br />
more skilled workers will be able to serve businesses across the<br />
county as more people locate to Berkeley County.<br />
Since January 2021, there has been a 17.90% increase in new businesses in<br />
Berkeley County. The Bureau of Business & Economic Research at the West<br />
Virginia University College of Business & Economics reports that this economic<br />
growth is expected to continue through 2023.<br />
In November and December of 2022, 158 new businesses were registered in<br />
Berkeley County. As they join the business community, they gain support from<br />
local leaders and education institutions.<br />
EASTERN PANHANDLE ECONOMIC OUTLOOK<br />
• The EPH has posted the largest population increase of any region in the<br />
state in recent decades by far. Over the past 20 years, the EPH has gained<br />
61,000 residents and surpassed 200,000 residents in 2021.<br />
• We expect employment to grow at an average annual rate of between 0.7<br />
to 0.8 percent per year in the EPH through 2027.<br />
• The EPH population is expected to grow at a rate of 1.1 to 1.2 percent annually<br />
in the coming years, led mostly by gains in Berkeley County's population.<br />
• Unemployment in the region has fallen sharply over the past two years and<br />
set a new all-time low at just below 2 percent in spring 2022.<br />
• Procter & Gamble's manufacturing plant added nearly 1,400 jobs and<br />
fostered the co-location of several hundred new jobs in packaging, logistics<br />
and other supporting businesses at the Tabler Station campus. More recently,<br />
the region received an additional boost in payrolls following the mid-2021<br />
and fall-2022 openings of Rockwool and Clorox manufacturing facilities in<br />
Jefferson and Berkeley counties, respectively.<br />
• Procter & Gamble's production facility has represented a major transformative<br />
shift in the Eastern Panhandle's industrial base. The $500 million facility<br />
along the 1-81 corridor in Berkeley County produces a range of consumer<br />
cleaning and personal products, including Swiffer, Tide, and various<br />
soaps and deodorants. Overall, the facility now employs more than<br />
1,600 workers and has spawned the addition of several hundred jobs at<br />
packaging and logistics operations in the area.<br />
• Indeed, the region's labor force now totals more than 100,000 residents<br />
over the age of 16 and has increased by roughly 17,00 since early-2010.<br />
In terms of official workforce participation, the region has nearly twothirds<br />
of its residents aged 16 years and older working or actively<br />
looking for work, surpassing both statewide and national averages.<br />
• The Eastern Panhandle has consistently ranked as West Virginia's fastest-growing<br />
region for the past two decades. Between 2001 and 2021,<br />
Berkeley, Jefferson and Morgan counties combined to add nearly 64,000<br />
residents.<br />
• The local population also tends to possess higher levels of educational<br />
attainment. Twenty-five percent of the region's population aged 25<br />
years and older held at least a bachelor's degree during 2020. Jefferson<br />
County contained the highest share of college graduates in the region,<br />
with nearly one in three of the county's residents aged 25 years and<br />
older possessing a bachelor's degree or higher.<br />
Sources:<br />
https://www.developmentauthority.com/pages/choose-berkeley-county/<br />
https://www.developmentauthority.com/2023/01/20/propelling-into-2023-berkeley-county-economic-growth-continues/<br />
The Eastern Panhandle Economic Outlook 2023-2027, 2022 by WVU Research Corporation<br />
TOP 10 EMPLOYERS IN BERKELEY COUNTY<br />
Berkeley County Board of Education, Macy's, United States Department of Veterans Affairs, Quad<br />
Graphics, Procter & Gamble, Walmart, Orgill, Berkeley County Commission, FedEx, Aker Solutions.<br />
FULFILLMENT<br />
CENTER<br />
BL<strong>AC</strong>K DIAMOND REALTY 11
EXIT 5<br />
Aerial Facing North.<br />
Aerial Facing West.<br />
EXIT 5<br />
Aerial Facing West.<br />
Aerial Facing North.<br />
12<br />
DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV
EXIT 5<br />
Aerial Facing North.<br />
BL<strong>AC</strong>K DIAMOND REALTY 13
EXIT 5<br />
Aerial View Facing East.<br />
14<br />
DEVELOPMENT OPPORTUNITY • <strong>54</strong> [+/-] <strong>AC</strong>RES • INWOOD, WV
EXIT 5<br />
Aerial Facing West.<br />
BL<strong>AC</strong>K DIAMOND REALTY 15
CONT<strong>AC</strong>T<br />
BL<strong>AC</strong>K DIAMOND REALTY LLC<br />
1209 N. Queen Street<br />
<strong>Martins</strong>burg, WV 2<strong>54</strong>04<br />
P. 304.901.7788 | F. 304.599.3285<br />
BlackDiamondRealty.net<br />
CONT<strong>AC</strong>T<br />
A2Z REAL ESTATE<br />
231 Market Street<br />
Johnstown, PA 15901<br />
P. 814.2<strong>54</strong>.4004<br />
A2ZREInc.com<br />
PRIMARY CONT<strong>AC</strong>T<br />
SECONDARY CONT<strong>AC</strong>T<br />
PRIMARY CONT<strong>AC</strong>T<br />
SECONDARY CONT<strong>AC</strong>T<br />
David Lorenze, Principal<br />
M. 304.685.3092<br />
dlorenze@blackdiamondrealty.net<br />
Kim Licciardi, Senior Associate<br />
M. 304.685.0891<br />
klicciardi@blackdiamondrealty.net<br />
Joe Anthony, Co-Founder & CEO<br />
M: 814.242.7969<br />
Steve Zamias, Co-Founder & CFO<br />
M: 814.525.2057