Southlake Villas Development Visit our website at www.castledevgroup.com 1
TABLE OF CONTENTS PROPERTY DEVELOPMENT SUMMARY DEVELOPMENT SUMMARY... 3-4 PROPERTY DESCRIPTION AERIAL... 5 BIRD S EYE VIEW... 6 AERIAL... 7 AERIAL MAP... 8 PROPERTY PHOTOS... 9 SITE PLAN... 10 ELEVATIONS... 11 MARKET OVERVIEW DEMOGRAPHICS SUMMARY REPORT... 12 DEMOGRAPHICS... 13-17 DEMOGRAPHICS MARKET COMPARISON... 18-19 DEMOGRAPHICS TREND REPORT... 20-21 TRAFFIC COUNT REPORT... 22 Visit our website at www.castledevgroup.com 2
Development Summary Southlake Villas 500 540 E. Southlake Blvd Southlake, TX 76092 DEVELOPMENT HIGHLIGHTS Medical/Office/Retail Development Medical/Professional Office Campus consists of four 5,919 SF buildings for lease, space divisible Campus environment on 2.88+ acres of land Phase one under construction and now leasing with pad sites available for sale High finish-out allowances available for medical/credit tenants DEVELOPMENT SUMMARY Use: Medical, Professional Office Great Visibility Frontage on Hwy 1709 (Southlake Blvd) which is a busy East/West thoroughfare in the Southlake/Keller market and has over 47,000+CPD Great Accessibility with access off Hwy 1709, close to Hwy 114 and 5 minutes from DFW airport Strategically located close to Southlake Town Square - over 95 stores, 27 eateries, three parks, medical offices, Harkins Theater, and Hilton luxury boutique hotel Lease Space: Building Size: Tenant Improvement Allowance: 5,979 SF (Divisible) 5,979 SF (4 buildings total) Negotiable high allowance provided for medical/credit tenants Signage: Monument Sign Hwy 1709, building sign band Construction December 2014 with commencement: completion second quarter 2015 Positioned to draw from the fast growing cities of Southlake, Grapevine, Westlake, Keller and more Strong demographics Median Household incomes exceeding $162,000 Lease Structure: Triple Net($6.00/SF first year) Frontage Hwy 1709 (Southlake Blvd) Newly improved 6 lane, center divided arterial street Visit our website at www.castledevgroup.com 3
Development Summary Property Description: Southlake Villas is a multi-tenant medical and professional office development located in the heart of Southlake, TX. The development is on 2.88+/- acres located on the Hwy 1709 (Southlake Blvd) just West of the intersection of Byron Nelson Pkwy and Southlake Blvd. Southlake Blvd is a significant East/West thoroughfare in the Southlake/Grapevine/Keller corridor with traffic counts exceeding 47,000+ cars per day. The site has tremendous frontage and visibility on Hwy 1709 (Southlake Blvd) with a high elevation. The construction will consist of class A single story medical/office building with masonry, stucco and stone façade per the included elevations. Given the strong market statistics including residential demographics, retail developments in the area this property presents an opportunity for medical groups to capture the surrounding high growth Southlake/Westlake/Keller area. Area Highlights: The subject property is strategically located in the heard of Southlake, TX and surrounded by residential, retail and medical developments. The city of Southlake is supported by strong demographics with the median household value over $450,000, average household income is over $140,000, and over 60% of the residents have a bachelors degree or higher. In addition this property is close to the cities of Keller, Westlake, Grapevine and Colleyville (all with great demographics). Southlake Town Square with over 95 stores, 27 eateries, three parks, medical offices, Harkins Theater, and Hilton luxury boutique hotel is located ½ mile to the East on Southlake Blvd. Visit our website at www.castledevgroup.com 4
Aerial Subject Property Visit our website at www.castledevgroup.com 5
Bird s Eye View Visit our website at www.castledevgroup.com 6
Bird s Eye View Visit our website at www.castledevgroup.com 7
Property Photos Visit our website at www.castledevgroup.com 8
Aerial Map Visit our website at www.castledevgroup.com 9
Site Plan Visit our website at www.castledevgroup.com 10
Elevations Visit our website at www.castledevgroup.com 11
Demographics - Summary Visit our website at www.castledevgroup.com 12
Demographics Visit our website at www.castledevgroup.com 13
Demographics Visit our website at www.castledevgroup.com 14
Demographics Visit our website at www.castledevgroup.com 15
Demographics Visit our website at www.castledevgroup.com 16
Demographics Visit our website at www.castledevgroup.com 17
Demographic Market Comparison Visit our website at www.castledevgroup.com 18
Demographic Market Comparison Visit our website at www.castledevgroup.com 19
Demographic Trend Report Visit our website at www.castledevgroup.com 20
Demographic Trend Report Visit our website at www.castledevgroup.com 21
Traffic Count Report Visit our website at www.castledevgroup.com 22