AVAILABLE SLJ ADDISON GROUND LEASE OPPORTUNITY MIDWAY RD, ADDISON, TX Billy Mitchell Dr SITE

Transcription

1 55,771 VPD 31,032 VPD Midway Rd ADDISON GROUND LEASE OPPORTUNITY Wiley Post Rd AVAILABLE Wiley Post Rd MIDWAY RD, ADDISON, TX Billy Mitchell Dr Lindbergh Dr 5,183 VPD Lindbergh Dr Proposed Cotton Belt Commuter Rail Arapaho Rd 7,860 VPD SITE 23,187 VPD Addison Rd Belt Line Rd 63,625 VPD Belt Line Rd SLJ COMPANY, LLC 4311 W. Lovers Lane, Suite 200 Dallas, TX Beltway Dr Beltway Dr Exclusively Offered By: Ty Underwood ext. 4 Fax: tyunderwood@sljcompany.com

2 TABLE OF CONTENTS MIDWAY RD 1 I. AERIAL PHOTOGRAPHS 2 II. PROPERTY PHOTOGRAPHS 4 III. PROPERTY PROFILE 7 IV. EXECUTIVE SUMMARY 8 V. SURVEY 9 VI. PROPOSED SITE PLAN 10 VII. LOCATION MAP 11 VIII. DEMOGRAPHICS 12 IX. AREA INFORMATION 13 X. DISCLAIMER & DISCLOSURE 15

3 AERIAL PHOTOGRAPH MIDWAY RD 2 SITE

4 AERIAL PHOTOGRAPH Springs Rd Quorum Midway Rd 51,165 VPD Wagging Tail Dog 22,840 Belt Line Rd 63,625 VPD Belt Line Rd 37,313 VPD Belt Line Rd Winwood Midway Rd 55,771 VPD Bicentennial Spring Valley Rd Midway Rd 22,812 VPD Winn Spring Valley Rd 39,063 VPD Noel Rd Marsh Ln VPD Greenhill School 109,790 VPD 31,194 VPD Celestial 62,440 VPD 49,691 VPD Anne Frank Elementary School Preston Rd North Marsh Ln 33,771 VPD George Herbert Walker Bush Elementary School 23,255 VPD Prestonwood Country Club 7,860 VPD Addison Town Keller Springs Keller Springs Rd Rail Les Lac 3 The Fairhill School 52,776 VPD Addison Circle MIDWAY RD 9,807 VPD Addison Rd SITE Spruill Quorum Dr 16,900 VPD 23,687 VPD Marsh Ln 12,463 VPD Dallas North Tollway Addison Rd Midway Rd Jerry R Junkins Elementary School Bert Fields

5 SUBJECT PROPERTY PHOTOGRAPHS MIDWAY RD 4

6 15200 MIDWAY RD 5

7 15200 MIDWAY RD 6

8 PROPERTY PROFILE MIDWAY RD 7 LOCATION The subject property is located at the southeast corner of Midway Rd and Lindbergh Dr in Addison, Texas. The Property is less than.2 miles from the Addison Airport and is in close proximity to Addison s many restaurants, offices, hotels and shopping destinations. BUILDING AREA 30,000+/- square feet (2,000+/- square feet of office) PARKING Truck s Approximately 70 Car s Approximately 19 Total ing Spaces Approximately 89 CLEAR HEIGHT LOADING Grade and Dock Level LAND AREA 3.24 Acres (140,896 Square Feet) *No minerals are included in the proposed transaction LOT DIMENSIONS Frontage on Midway Rd Approximately 444 Frontage on Lindbergh Dr Approximately 262 ZONING Industrial-1 District (I-1) TRAFFIC COUNTS Midway Rd 31,032 VPD (2012) Lindbergh Dr 5,138 VPD (2012) Arapaho Rd 7,860 VPD (2004)

9 EXECUTIVE SUMMARY & HIGHLIGHTS MIDWAY RD 8 EXECUTIVE SUMMARY SLJ Company, LLC ( SLJ ) has been exclusively retained to offer this 3.24 acre ground lease opportunity in Addison, Texas. Located west of the Dallas North Tollway, the site has high visibility and exposure to strong traffic counts and many area traffic drivers. The Property is less than.2 miles from both Belt Line Rd, Addison s vibrant retail corridor and the Addison Airport. PROPERTY HIGHLIGHTS EXCELLENT LOCATION Located on Midway Rd, just one block north of Belt Line Rd which enjoys a car count in excess of 60,000 vehicles per day, the Property sits on a major artery in Addison. This area near Belt Line Rd and the Dallas North Tollway is the epicenter of shopping, dining and entertainment in North Dallas. The Property benefits from it s close proximity to major shopping destinations like Village on the way and Addison Walk. The Property is also directly adjacent to the proposed Cotton Belt Commuter Rail which would potentially connect Shiloh Rd in Plano to CityLine and UTD in Richardson, Addison Airport, Downtown Carrollton and DFW International Airport. LARGE LOT & EXISTING WAREHOUSE BUILDING The Property enjoys a large 3.24 acre lot with high visibility and excellent frontage on both Midway Rd and Lindbergh Dr. There is currently a 30,000+/- square foot warehouse building on the Property which could be removed for a qualified lessee. HIGH TRAFFIC COUNTS With approximately 31,032 vehicles per day on Midway Rd and an additional 5,183 and 7,860 vehicles per day on Lindbergh Dr and Arapaho Rd respectively, the Property offers excellent exposure to vehicular traffic. STRONG DEMOGRAPHICS With a population of approximately 8,950 and 138,506 living within a 1 and 3 mile radii of the Property respectively, the Property benefits from a large pool of consumers in close proximity. Additionally, the average household income within a 1 mile radius of the Property is $80,181. MANY AREA TRAFFIC DRIVERS Retailers in close proximity including Whole Foods, Sam s Club, Walmart, Barnes & Noble, Fogo de Chao, Pei Wei and Olive Garden, among many others, make the Property a prime retail location attracting a large group of consumers with disposable income.

10 SURVEY MIDWAY RD 9

11 PROPOSED SITE PLAN MIDWAY RD Proposed Site A 80,051 SF 1.84 Acres Proposed Site B 60,935 SF 1.39 Acres

12 LOCATION MAP MIDWAY RD 11

13 DEMOGRAPHICS MIDWAY RD 12 POPULATION RADIUS 1 MILE 3 MILE 5 MILE 2014 Total Population 8, , , Daytime Population 21, , , Estimated Households 4,844 62, ,260 AGE RADIUS 1 MILE 3 MILE 5 MILE 2014 Median Age Estimate INCOME RADIUS 1 MILE 3 MILE 5 MILE 2014 Avg Household Income $80,181 $78,189 $80,478 RACE AND ETHNICITY RADIUS 1 MILE 3 MILE 5 MILE 2014 White Alone 68.25% 66.03% 66.95% 2014 Black Alone 9.46% 11.58% 10.56% 2014 American Indian/Alaska Native Alone 0.92% 0.63% 0.64% 2014 Asian Alone 6.61% 6.08% 6.33% 2014 Pacific Islander Alone 0.03% 0.05% 0.05% 2014 Other Race 11.52% 12.75% 12.56% 2014 Two or More Races 3.21% 2.89% 2.91% 2014 Hispanic Origin (Any Race) 27.96% 32.20% 32.35%

14 ADDISON CARROLLTON AREA MIDWAY RD 13 ADDISON AIRPORT Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for North Texans in need of regional air travel. The airport opened in 1954 and was purchased by the town of Addison in The Addison Airport Toll Tunnel was completed in 1999 to allow east-west traffic to cross the airport under the runway. Addison Airport covers 368 acres with one 7,202-by-100-foot concrete runway. In 2006 the airport had 133,557 aircraft operations, average 365 per day and 774 aircraft were then based at the airport. Three fixed-base operators are on the field, Atlantic Aviation, Landmark Aviation, and Million Air. Charter services are available from a variety of companies, with Business Jet Solutions and Bombardier FlexJet having large operations at the field. The airport is the headquarters of Ameristar Air Cargo, GTA Air, and Martinaire, and also has scheduled freight flights from AirNet, Flight Express, and Flight Development. The airport is a training hub, with primary to advanced flight instruction available from American Flyers, ATP, Monarch Air, PlaneSmart! and Lone Star Flyers. Also, the Addison Airport is home to the Cavanaugh Flight Museum, a popular tourist destination in Addison, which offers formal and self-guided tours of their aircraft, armor and vehicle collections. LIFESTYLE Because of Addison's overwhelmingly commercial atmosphere, residents of Addison enjoy a unique lifestyle not common in other suburbs. In 2005, the town of Addison introduced a wireless Internet network covering most of the town. Though use costs a nominal fee, the network works to drive businesses and serves its residents. Residents and visitors can enjoy many Addison attractions. There are special events in Addison 29 weekends of the year. The WaterTower Theatre produces plays and musicals and hosts the annual Out of the Loop Festival. The Cavanaugh Flight Museum houses a collection of aircraft since World War I. Addison Circle, built in the early 2000s, is a venue for several seasonal outdoor events, such as the University of North Texas' North Texas Jazz Fest, "Addison Artfest," Oktoberfest, and the food exposition "Taste of Addison". The Addison Improv Comedy Club and Restaurant brings in some of the most acclaimed comedic talent in the region. Addison is noted for being home to the original locations of both Texas de Brazil and Fogo de Chão, two Brazilian Churrascaria franchises that are both in the midst of rapid national expansion. Addison hosts one of the largest 4th of July fireworks shows, called Kaboom Town. Addison has one of the most unique town centers in the country. Addison Circle is an urban plaza that features 2,020 multifamily units, 407 townhome/condo units, 550,000 square feet of office space and 75,000 square feet of retail space.

15 ADDISON CARROLLTON AREA MIDWAY RD 14 RETAIL AND RESTAURANTS Addison boasts a wide array of premier retail and restaurant destinations such as Village on the way and Addison Walk. Located in North Dallas epicenter along Belt Line Road and the Dallas North Tollway, Village on the way (VOP) has been an important part of the retail and restaurant landscape in North Dallas since And now, taking its cue from the vibrant spirit of Addison and Dallas, VOP is undergoing a dynamic transformation into a first class retail, entertainment and dining district, heralding Whole Foods and AMC Theatres as its anchors along with numerous other best- in -class retailers. With 381,000 square feet on over 25 acres, Village On The way has been a go-to center from its inception, catering to the largest suburban business concentration in DFW, with over 187,000 professionals coming to work in the immediate market every day. Village On The way is providing a dynamic retail community and true sense of place for nearby residents, office workers, and visitors. With its lush tree-lined streets, fountains, and numerous patio dining options, VOP is a haven from a frantic work day, a shopping spree with friends, or the place to spend the perfect evening celebrating life with special people. Addison Walk is situated at the gateway to Addison and offers excellent visibility and accessibility to everyone seeking to shop or eat in the Addison trade area. The recent renovation of Addison Walk has brought this property to the next level. The trendy face lift which included new facades, sidewalks, landscaping and signage served as a catalyst for re-tenanting this landmark site. Addison Walk s conventional layout and pedestrian friendly design has enabled it to not only effectively service the heavy daytime population, but also helped to gear the center towards the younger and hip Addison nightlife and clientele. Densely populated, affluent, residential communities are within walking distance of the shopping center. SCHOOLS The Carrollton-Farmers Branch Independent School District covers most of the cities of Carrollton and Farmers Branch and parts of Addison, Coppell, Dallas, and Irving (including Valley Ranch and the Northern part of Las Colinas). C-FB ISD has twenty-five elementary schools, six middle schools, four high schools, and four education centers. On April 16, 2012, the school district began the process of Limited Open Enrollment, allowing students living outside the boundaries of the school district to apply to attend the district. In 2010 and 2011, the school district was rated "recognized" by the Texas Education Agency. There are also a number of high quality Dallas ISD schools in the immediate area for the areas of Carrollton and Addison not incorporated into C-FB ISD.

16 DISCLAIMER & DISCLOSURE MIDWAY RD 15 The material contained in this Memorandum is confidential, furnished solely for the purpose of considering an investment in the properties described herein, and is not to be used for any other purpose, or made available to any other person without the express written consent of the SLJ Company, LLC. The material is based, in part, upon information obtained from third party sources, which SLJ Company, LLC deems to be reliable. However, no warranty or representation is made by SLJ Company, LLC or its affiliates, agents, or representations as to the accuracy or completeness of the information contained herein. Prospective investors should make their own investigations, projections, and conclusions regarding this investment.

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