601 ZENA RUCKER ROAD - LoopNet · 2018. 6. 18. · edge realty capital markets 601 zena rucker road...

7, 5 3 0 SF O F F I CE A S SE TU SE R / IN V E S T ME N T O PP O R T UNI T Y

601 ZENA RUCKER ROADS E Q E S O U T H L A K E B O U L E VA R D & B Y R O N N E L S O N PA R K WAYS O U T H L A K E , T E X A S

T 214.545.6900 edge-cm.com

5950 Berkshire Lane, Suite 700 Dallas, Texas 75225

E X C L U S I V E L I S T I N G B R O K E R S

CON FIDEN TI A L OFFER I NG MEMOR A N DU M

601 ZENA RUCKER ROADS E Q E S O U T H L A K E B O U L E VA R D & B Y R O N N E L S O N PA R K WAY

S O U T H L A K E , T E X A S

BR A NDON CROWAssociate

[email protected]

K A ILEY CLA BOR NAssociate

[email protected]

W ILSON STA FFORDPrincipal

[email protected]

E D G E R E A LT Y C A P I TA L M A R K E T S 6 0 1 Z e n a R u c k e r R o a d / 3

TABLE OF CONTENTS

EXECU TIVE SUMMARY 5

THE PROPERT Y 6

D E TA I L S 7L O C AT I O N M A P 8A E R I A L 9

THE FINA NCIALS 11

F I N A N C I A L S U M M A R Y 1 2R E N T R O L L 1 3C A S H F L O W 1 4L E A S E E X P I R AT I O N S 15P R O P E R T Y L E V E L A S S U M P T I O N S 16S A L E S C O M PA R A B L E S 1 7

THE MARKET 18

M A R K E T O V E R V I E W - T E X A S 19M A R K E T O V E R V I E W - DA L L A S - F O R T W O R T H M E T R O P L E X , T E X A S 2 0

DISCLAIMER 27

OV ERV IEW + Unique owner/user opportunity with in-place income

+ Up to 4,440 SF available for owner/occupant

+ Potential for SBA Financing

+ Excellent location - less than half a mile west of Southlake Town Square, a 130-acre shopping district with more than 120 shops and dozens of fine restaurants

+ High barriers to entry

+ Strong area demographics – estimated median household income of $221,692 within 1-mile from site

+ Existing tenant, MPP Infusion Centers, performs dialysis services and has 8 locations in Texas and Colorado

PROPERT Y 6 0 1 Z E N A R U C K E R R OA DGL A 7, 5 3 0 S F

PR ICE $ 2 , 1 5 0 , 0 0 0

LOCAT ION 6 0 1 Z E N A R U C K E R R O A D / S O U T H L A K E , T E X A S 7 6 0 9 2 PR ICE PSF $ 2 8 5 . 5 2

E D G E R E A LT Y C A P I TA L M A R K E T S 6 0 1 Z e n a R u c k e r R o a d / 5

EXECU TIVE SUMMARY

601 Zena Rucker Rd (“Property”) is a 7,530 SF office asset located in Southlake, Texas. The Property is currently 41% leased to one tenant – Physicians Specialty, adba MPP Infusion Centers. There is one 4,440 SF vacancy remaining that can be demised. The interior of the building has high end finishes, and the exterior has abundant parking and signage available. The Property is conveniently located less than ten minutes from DFW Airport, and less than half a mile from Southlake Town Square.

CORE IN V E STOR M A RK ET

Dallas- Fort Worth- Arlington is the 4th largest metropolitan area in the nation. According to data from the US Census Bureau, the DFW metro area gains another person every four minutes and ten seconds. Dallas is the 9th most populous city in the US and the 3rd most populous city in the state.

R A PID GROW T H SU BM A RK ET

Southlake lies in the heart of the fastest-growing region in the United States. Throughout the region- and beyond- Southlake is recognized as a visionary community with active, engaged citizens who are dedicated to high quality, excellence, and success.

Southlake holds the #5 ranking on a list called “100K Club: America’s Highest Earning Cities.” This is evident through the statistic that 59% of employment by occupation in Southlake is either in Managerial/Professional or Sales & Office.

Currently, Southlake has more than 3.1 million square feet of office space, and nearly four million square feet of retail space. With TD Ameritrade regional offices and Granite Southlake offices complex on the way, Southlake is becoming one of the most sought-after business addresses in the DFW area. Furthermore, rent growth in Southlake has increased an average of 3% annually over the last three years.

The Carroll Independent School District is regionally renowned for the excitement and success their football teams bring under the Friday Night Lights. Carroll ISD is also recognized for advanced academics and was awarded the 2015 6A Lone Star Cup Championship, which was presented to the school district that earned the most competition points in academics, athletics, and fine arts.

Southlake is a place where you can enjoy a sophisticated lifestyle with a neighborly community. Known regionally for its high-end boutiques and fine dining, Southlake Town Square is at the heart of the city. While the very walkable Town Square offers a vibrant and lively atmosphere for residents and tourists, it also maintains a leisurely, small-town, welcoming feel. Outside of the Town Square, Southlake offers many other eclectic dining options, attractions, adventures and annual special events such as Arts in the Square, Summer Kick-Off, and Oktoberfest.

D A L L A S - F O R T W O R T H - A R L I N G T O N 4 T H L A R G E S T M E T R O P O L I TA N A R E A I N T H E N AT I O N

D A L L A S - F O R T W O R T H - A R L I N G T O N I S M A J O R C O R P O R AT E H U B – H E A D Q U A R T E R S I N C L U D E A M E R I C A N A I R L I N E S , T E X A S I N S T R U M E N T S , & M O R E

S O U T H L A K E O N E O F T H E M O S T A F F L U E N T S U B U R B A N O F F I C E S U B M A R K E T S I N D F W

1 4 3 , 8 1 1 P O P U L AT I O N W I T H I N 5 M I L E R A D I U S O F S I T E

$ 2 2 1 , 6 9 2 M E D I A N H O U S E H O L D I N C O M E W I T H I N 1 M I L E R A D I U S O F S I T E

S A B R E C O R P, E M E R G E E N E R G Y S E R V I C E S L P, D E L F R I S C O ’ S R E S TA U R A N T G R O U P I N C . A L L H E A D Q U A R T E R E D I N S O U T H L A K E

GLA 7, 5 3 0 S F

PR ICE $ 2 , 1 5 0 , 0 0 0

PR ICE PSF $ 2 8 5 . 5 2

T HE PROPE R T YDETAILS /LOCATION M AP /AERIALS /

6 0 1 Z e n a R u c k e r R o a d / 7E D G E R E A LT Y C A P I TA L M A R K E T S

DETAILS

DEMOGR A PHIC SNA PSHOT

1 M ILE 3 M ILE 5 M ILE

T O TA L P O P U L AT I O N 7,110 59,910 143,811

P O P U L AT I O N G R O W T H 2 0 1 0 -2 0 2 2 1.8% 2.2% 2.3%

AV E R A G E H O U S E H O L D I N C O M E $301,843 $226,924 $190,115

A DDRE SS 6 0 1 Z E N A R U C K E R R O A DS O U T H L A K E , T E X A S 7 6 0 9 2

LA N D A REA ± 1 . 1 1 A C

GLA 7, 5 3 0 S F

Y EA R BU ILT 2 0 0 7

OCCU PA NCY 4 1 %

PA R K ING 5 3 S PA C E S , I N C L U D I N G 2 H A N D I C A P7. 0 0 P E R 1 , 0 0 0 S F

ZONI NG R P U D

TA X AU T HORIT Y / ID TA R R A N T C O U N T Y / 4 2 1 6 0 - 6 0 -2 R 1

TA X VA LU E / R AT E $ 1 , 5 5 0 , 0 0 0 / 2 . 4 8 %

BU ILDING EX TERIOR S T O N E A N D B R I C K E X T E R I O R

ROOF P I T C H E D

H VAC C E N T R A L U N I T S

SITE LIGH TING B U I L D I N G M O U N T E D L I G H T S

PA R K ING LOT G O O D C O N D I T I O N , C O N C R E T E


LOCATION MAP

WAXAHACHIE

DESOTO

DUNCANVILLE

CLEBURNE

FORT WORTH

GRAPEVINE

CARROLLTON

FRISCO

DENTON

MCKINNEY

WEATHERFORD

MINERAL WELLS

DALLASMESQUITE

ENNIS

DFW AIRPORT

DALLAS LOVEFIELD AIRPORT

PROSPER

THE COLONY

COPPELL

FLOWERMOUND

LEWISVILLE

ALLEN

PLANO

KELLER

NORTHRICHLAND

HILLSLAKE WORTH

AZLE

BURLESON

MANSFIELD

MIDLOTHIAN

CEDAR HILLKAUFMAN

TERRELL

RICHARDSON

GRANBURY

IRVING

ARLINGTON

30

35E20

820

35W

635

75

175

121

161

360

114

12

35

35E

380

287

ROCKWALLGARLAND

ROWLETT

WYLIE

20

635

20

205

287

67

67

80

FARMERSVILLE

SOUTHLAKE BLVD

WH

ITE

CH

APE

L B

LVD

BYRO

N N

ELSO

N P

KWY

CA

RRO

LL A

VE

T E X A S C H R I S T I A N U N I V E R S I T YEnrollment of 10,323 students

AT &T S TA D I U M Home of the Dallas Cowboys

G L O B E L I F E PA R K Home of the Texas Rangers

A M E R I C A N A I R L I N E S C E N T E R Home of the Dallas Mavericks

S O U T H E R N M E T H O D I S T U N I V E R S I T Y Enrollment of more than 11,000 students

1

2

3

4

5

12

34

5

601 ZENA RUCKER ROAD


AERIAL

6 0 1 Z e n a R u c k e r R o a d / 1 0E D G E R E A LT Y C A P I TA L M A R K E T S

AERIAL

T HE FIN A N CI A L SFINA NCIAL SU MM ARY /RENT ROLL /CASH FLOW / LEASE EXPIR ATIONS /PROPERTY LEVEL ASSU MPTIONS /SALES COMPAR ABLES /


FINA NCIAL SUMMARY

ANALYSIS SUMMARY PROPOSED DEBT STRUCTURE

ANALYSIS START DATE 2/1/2018 LOAN AMOUNT $1,549,400

HOLD PERIOD 10 LTC 70.61%

LAND AREA 48,474 INTEREST RATE 4.50%

GLA 7,530 TERM (YEARS) 10 years

OCCUPIED GLA 3,090 AMORTIZATION (YEARS) 30 years

IN-PLACE OCCUPANCY 41.04% INTEREST ONLY (MONTHS) 0 months

MONTHLY PAYMENT $7,851

PURCHASE SUMMARY ANNUAL PAYMENT $94,207

PRICE $2,150,000 LOAN FEE 1.00%

PRICE PSF (IMPROVEMENTS) $285.52 EQUITY REQUIRED $645,000

PRICE PSF (LAND) $44.35 IN-PLACE DSCR (AMORTIZING) 1.84x

NEW USER TI COST - $10.00 PSF (DAY 1) $44,400.00 DEBT YIELD* 9.44%

YEAR 1 NOI $175,320 DEBT CONSTANT 6.08%

STABILIZED CAP RATE 8.15%

TOTAL COST $2,194,400

REVERSION ANALYSIS

YEAR 11 NOI $163,141

RESIDUAL CAP RATE 7.50%

SALES PRICE $2,175,213

PRICE PSF (IMPROVEMENTS) $288.87

PRICE PSF (LAND) $44.87

RETURNS (SEE PROPOSED DEBT STRUCTURE)ALL-CASH LEVERAGED

IRR 6.68% 10.76%

MULTIPLE 1.67x 2.19x

AVERAGE CASH ON CASH / YIELD ON EQUITY 7.16% 9.72%

Fully capitalized cost includes an additional $44,400 in tenant improvements associated with move-in for the new owner/user.


RENT ROLL

TENANT SUITE SF % OF GLALEASE START

LEASE EXPIRATION

DATEMONTHLY RENT

ANNUAL RENT

RENT PSFEXPENSE REIMBURSEMENT METHOD

NOTES

PHYSICIANS SPECIALTY PARTNERS 101-103 3,090 41.04% 9/1/2014 8/31/2019 CURRENT $7,210.00 $86,520 $28.00 NNNUpon expiration, analysis assumes 75% renewal probability at $25.00 psf (subject to 3.0% annual inflation)

6/1/2019 $7,467.50 $89,610 $29.00

SPEC TENANT 105-107 4,440 58.96% 2/1/2018 1/31/2028 CURRENT $7,400.00 $88,800 $20.00 NNN

Analysis assumes Spec Tenant will occupy Suite 105-107 for 10-year term starting at $21.00 psf plus NNNs with $0.50 annual escalations.

2/1/2019 $7,585.00 $91,020 $20.50

2/1/2020 $7,770.00 $93,240 $21.00

2/1/2021 $7,955.00 $95,460 $21.50

2/1/2022 $8,140.00 $97,680 $22.00

2/1/2023 $8,325.00 $99,900 $22.50

2/1/2024 $8,510.00 $102,120 $23.00

2/1/2025 $8,695.00 $104,340 $23.50

2/1/2026 $8,880.00 $106,560 $24.00

2/1/2027 $9,065.00 $108,780 $24.50

OCCUPIED SF 7,530 100.00%

VACANT SF 0 0.00% TOTAL IN-PLACE RENT $175,320

TOTAL AREA 7,530 100.00%


CASH FLOW

IN-PLACE IN-PLACE PRO FORMA YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 YEAR 11

PSF PSF YE 1/31/2019 YE 1/31/2020 YE 1/31/2021 YE 1/31/2022 YE 1/31/2023 YE 1/31/2024 YE 1/31/2025 YE 1/31/2026 YE 1/31/2027 YE 1/31/2028 YE 1/31/2029

REVENUE

BASE RENTAL REVENUE $23.28 $175,320 $23.28 $175,320 $168,785 $156,894 $159,114 $161,334 $163,554 $168,309 $178,132 $180,352 $182,572 $193,132

ABSORPTION & TURNOVER VACANCY - - ($10,609) - - - - ($12,299) - - - ($19,890)

SCHEDULED BASE RENTAL REVENUE $23.28 $175,320 $23.28 $175,320 $158,176 $156,894 $159,114 $161,334 $163,554 $156,010 $178,132 $180,352 $182,572 $173,242

EXPENSE REIMBURSEMENT REVENUE $11.07 $83,376 $11.07 $83,381 $79,195 $87,246 $89,760 $92,346 $95,008 $90,678 $100,986 $103,885 $106,869 $98,936

POTENTIAL GROSS REVENUE $34.36 $258,696 $34.36 $258,701 $237,371 $244,140 $248,874 $253,680 $258,562 $246,688 $279,118 $284,237 $289,441 $272,178

EFFECTIVE GROSS REVENUE $34.36 $258,696 $34.36 $258,701 $237,371 $244,140 $248,874 $253,680 $258,562 $246,688 $279,118 $284,237 $289,441 $272,178

OPERATING EXPENSES

CAM $4.39 $33,024 $4.39 $33,021 $34,011 $35,032 $36,083 $37,165 $38,280 $39,429 $40,611 $41,830 $43,085 $44,377

MANAGEMENT FEE $1.37 $10,344 $1.37 $10,348 $9,495 $9,766 $9,955 $10,147 $10,342 $9,867 $11,165 $11,370 $11,578 $10,887

INSURANCE $0.26 $1,956 $0.26 $1,952 $2,011 $2,071 $2,133 $2,197 $2,263 $2,331 $2,401 $2,473 $2,547 $2,623

RE TAXES $5.05 $38,064 $5.05 $38,060 $39,202 $40,378 $41,589 $42,837 $44,122 $45,446 $46,809 $48,213 $49,660 $51,150

TOTAL OPERATING EXPENSES $11.07 $83,388 $11.07 $83,381 $84,719 $87,247 $89,760 $92,346 $95,007 $97,073 $100,986 $103,886 $106,870 $109,037

NET OPERATING INCOME $175,308 $175,320 $152,652 $156,893 $159,114 $161,334 $163,555 $149,615 $178,132 $180,351 $182,571 $163,141

CAPITAL COSTS

CAPITAL RESERVES $0.20 $1,512 $0.20 $1,506 $1,551 $1,598 $1,646 $1,695 $1,746 $1,798 $1,852 $1,908 $1,965 $2,024

TENANT IMPROVEMENTS - - $5.90 $44,400 $12,731 - - - - $14,758 - - - $23,868

LEASING COMMISSIONS - - - - $14,322 - - - - $16,603 - - - $26,851

TOTAL CAPITAL COSTS $1,512 $45,906 $28,604 $1,598 $1,646 $1,695 $1,746 $33,159 $1,852 $1,908 $1,965 $52,743

PROPERTY CASH FLOW $173,796 $129,414 $124,048 $155,295 $157,468 $159,639 $161,809 $116,456 $176,280 $178,443 $180,606 $110,398

FUNDED CAPITAL IMPROVEMENTS $44,400 - - - - - - - - - -

CASH FLOW BEFORE DEBT SERVICE $173,796 $173,814 $124,048 $155,295 $157,468 $159,639 $161,809 $116,456 $176,280 $178,443 $180,606 $110,398

DEBT SERVICE

INTEREST ($68,865) ($68,047) ($66,846) ($65,589) ($64,274) ($62,899) ($61,461) ($59,956) ($58,383) ($56,737) -

PRINCIPAL ($25,342) ($26,160) ($27,361) ($28,618) ($29,933) ($31,308) ($32,746) ($34,251) ($35,824) ($37,470) -

CASH FLOW AFTER DEBT SERVICE $173,796 $79,607 $29,841 $61,088 $63,261 $65,432 $67,602 $22,249 $82,073 $84,236 $86,399 $110,398

Notes:

1. NOI based on User occupying Suite 105 & 107 at the analysis start date of 2/1/2018.2. Analysis factors in $10.00 psf in Tenant Improvements for Spec Tenant.3. Management Fee - 4.00% of Effective Gross Revenue4. Operating Expenses are based on 2017 Operating Statements provided.5. Capital Reserves based on $0.20 psf, subject to inflation.6. All income and expenses are subect to annual inflation of 3.0%.


LEASE EXPIR ATIONS

1/31/2019 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026 1/31/2027 1/31/2028

Physicians Specialty Partners 101-103 3,090 41.04% 8/31/2019 3,090 sf

Spec Tenant 105-107 4,440 58.96% 1/31/2028 4,440 sf

ANNUAL SF EXPIRING 0 sf 3,090 sf 0 sf 0 sf 0 sf 0 sf 0 sf 0 sf 0 sf 4,440 sf 0 sf% of GLA 0.00% 41.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 58.96% 0.00%NO. OF TENANTS 1 1CUMULATIVE SF EXPIRED 0 sf 3,090 sf 3,090 sf 3,090 sf 3,090 sf 3,090 sf 3,090 sf 3,090 sf 3,090 sf 7,530 sf 7,530 sf% of GLA 0.00% 41.04% 41.04% 41.04% 41.04% 41.04% 41.04% 41.04% 41.04% 100.00% 100.00%

ANALYSIS YEAR 1

ANALYSIS YEAR 2TENANT SUITE SF % OF GLA EXPIRATION THEREAFTER

ANALYSIS YEAR 3

ANALYSIS YEAR 4

ANALYSIS YEAR 5

ANALYSIS YEAR 7

ANALYSIS YEAR 8

ANALYSIS YEAR 9

ANALYSIS YEAR 10

ANALYSIS YEAR 6


PROPERT Y LEVEL ASSUMPTIONS

PROPERTY LEVEL ASSUMPTIONS

GENERAL INFLATION 3.00%

GENERAL VACANCY 0.00%

NEW RENEWAL NEW RENEWAL NEW RENEWAL

PHYSICIANS SPECIALTY PARTNERS 101-103 NNN N/A 75.00% 5 years 9 months $20.00 $20.00 $15.00 $3.00 6.00% 4.00%

SPEC TENANT 105-107 NNN N/A 75.00% 10 years 9 months $20.00 $20.00 $10.00 $3.00 6.00% 4.00%

RENT PSF TI ALLOWANCE PSF LEASING COMMISSIONSTENANT SUITE MLA CATEGORY

LEASE-UP DATE(IF VACANT)

RENEWALPROBABILITY

LEASE TERMMONTHSVACANT


SALES COMPAR ABLES

PROPERTY ADDRESS CITY, STYEARBUILT

BUILDINGSIZE

OCCUPANCYAT SALE

PRICE PSFCAPRATE

DATE OFSALE

SUBJECT 601 Zena Rucker 601 Zena Rucker Rd Southlake, TX 2007 7,530 N/A N/A N/A N/A N/A

1 201 Countryside Ct 201 Countryside Ct Southlake, TX 2009 4,258 100.0% $1,298,690 $305.00 N/A 3/1/2017

2 680 N Carrol 680 N Carrol Ave Southlake, TX 2005 5,745 100.0% $1,809,675 $315.00 N/A 1/3/2017

3 1190 N Carrol 1190 N Carrol Ave Southlake, TX 2005 6,020 100.0% $1,900,000 $315.61 N/A 7/15/2016

4 2720 E State Hwy 114 2720 E State Hwy 114 Southlake, TX 2016 6,370 100.0% $1,720,000 $270.02 N/A 11/3/2016

AVERAGES 2009 5,598 100.0% $1,682,091 $301.41

T HE M A R K E TM ARKET OVERVIEW /DEMOGR APHICS /


MARKET OVERVIEW - TEX AS

POPUL ATION

26,956,958

FASTEST GROWINGECONOMYIN THE U.S.

DALLAS# 3 FA ST E ST GROW I NG CI T Y 2 015

#1 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y

FORT WORTH# 8 FA ST E ST GROW I NG CI T Y 2 015

HOUSTON #1 FA ST E ST GROW I NG CI T Y 2 015

# 7 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y

AUSTIN # 2 FA ST E ST GROW I NG CI T Y 2 015

#12 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y

SAN ANTONIO#10 FA ST E ST GROW I NG CI T Y 2 015

#15 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y2nd

TOP STATE FOR JOB GROW TH457,000 JOBS CREATED IN 2014

L A RGE ST CI V I L I A NL A BOR WOR K FORCE:

13+ MILLION WORKERS

54L A RGE ST M EDICA L CEN T ER Texas Medical Center, Houston 2N D L A RGE ST CA NCER CEN T ER MD Anderson, Houston

OVER 3,000 COMPANIES HAVE LOCATED OR EXPANDED FACILITIES IN TEXAS SINCE 2009

BEST STATE FOR BUSINESSFOR THE 10TH YEAR IN A ROW BYCHIEF EXECUTIVE MAGAZINE

AWA R DED 2 014 GOV ER NOR’S CU P FOR THE MOST NEW & EXPANDED CORPORATE FACILITIES: 689

NO STATE INCOME TAX

2nd

FORT U N E 50 0 COM PA N IE SCA L L T EX A S HOM E


MARKET OVERVIEW - DALLAS-FORT WORTH METROPLEX, TEX AS

ECONOMIC & CU LT U R A L

HUB OF NORTH TEXAS

LARGESTMETROPOLITAN AREA IN THE U.S.

LARGESTMETROPOLITAN AREA IN TEXAS

FASTEST R ATE OF JOB GROW THOF A N Y U. S . M ET ROPOL I TA N A R E A3.7% GROWTH OVER THE PAST YEAR

4th

#3 / DA LL AS#5 / FORT WORTH

FASTEST- GROWINGCITIES IN THE U.S.

1,200,000N E W R E SI DE N TS A DDE DOV E R T H E L A ST DEC A DE

DEMOGR A PHICS

POPULATION 6,993,185

TOTAL HOUSEHOLDS 2,552,859

AVERAGE HOUSEHOLD INCOME $81,226

MEDIAN AGE 33.7

BACHELOR DEGREE + 34.20%

TOTAL EMPLOYEES 3,375,900

L A RGE ST EM PLOY ER S

WAL-MART STORES INC. 52,700 Employees

AMERICAN AIRLINES GROUP INC. 23,700 Employees

BAYLOR HEALTH CARE SYSTEM 22,000 Employees

DALLAS INDEPENDENT SCHOOL DISTRICT 20,793 Employees

TEXAS HEALTH RESOURCES 16,205 Employees

BANK OF AMERICA 15,400 Employees

CITY OF DALLAS 13,000 Employees

JPMORGAN CHASE BANK N.A. 13,000 Employees

TEXAS INSTRUMENTS INC. 13,000 Employees

LOCKHEED MARTIN AERONAUTICS CO. 12,600 Employees

CENTRALLY LOCATED W IT H I N A FOU R HOU R F LIGH T F ROMA N Y M A JOR U.S. CIT Y

21 FORT U N E 50 0 COMPA NIES BA SED I N DA L L A S -FORT WORT H



BILLY BOB’S TEX A SLARGEST HONKY TONK IN THE WORLD

STATE FA IR OF TEX A SLARGEST STATE FAIR IN THE U.S.

DA LL A S A RTS DISTR ICTLARGEST URBAN ARTS DISTRICT IN THE U.S.

M A JOR U N I V ER SITIE S

UNIVERSITY OF NORTH TEXAS 36,216 Students

THE UNIVERSITY OF TEXAS AT ARLINGTON 34,899 Students

THE UNIVERSITY OF TEXAS AT DALLAS 23,095 Students

TEXAS WOMEN'S UNIVERSITY 15,075 Students

SOUTHERN METHODIST UNIVERSITY 12,321 Students

TEXAS A&M UNIVERSITY - COMMERCE 11,272 Students

TEXAS CHRISTIAN UNIVERSITY 10,033 Students

DALLAS BAPTIST UNIVERSITY 5,445 Students

TEXAS WESLEYAN UNIVERSITY 2,606 Students

UNIVERSITY OF DALLAS 2,545 Students

UNIVERSITY OF NORTH TEXAS - DALLAS 2,575 Students

UT SOUTHWESTERN MEDICAL CENTER 1,844 Students

95.8%

DALLAS/FORT WORTH INTERNATIONAL AIRPORT: 3RD BUSIEST AIRPORT IN THE WORLD

DALLAS LOVE FIELD AIRPORT: CORPORATE HEADQUARTERS OF SOUTHWEST AIRLINES

44,100,000A N N UA L V I SI TOR S

HOME SALE PRICES UP FROM 2014 (2x NATIONAL RATE)

8.6%

LOWEST COST OF LIVINGOF T EN L A RGEST U.S.M ET ROPOLITA N A R E A S



$120,943,919,400GROS S A N N UA L R ETA IL SA L E S

3,977,827 SF U N DER CONST RUCT ION

1,601,852 SF N ET A BSOR P T ION

900,310 SF COM PL ET IONS

92.5% OCCUPA NCYR ATE

$1.06 PSFAV ER AGE R EN TA L R AT E S

R ETA IL M A R K ET M U LTI-FA M ILY M A R K ET

16,581 UNITS U N DER CONST RUCT ION

5,765 UNIT N ET A BSOR P T ION

2,479 UNIT COM PL ET IONS

92.7% OCCUPA NCYR ATE


DEMOGR APHICS

1 M I R A DI US 3 M I R A DI US 5 M I R A DI US

POPUL ATION

E ST I M AT E D POP U L AT ION (2 017) 7,110 59,910 143,811

A DJ UST E D DAY T I M E DE MOGR A P H IC S AGE 16 OR OV E R (2 017) 10,582 52,356 113,882

E ST I M AT E D HOUS E HOL DS (2 017) 2,132 20,047 50,200

P ROJ ECT E D A N N UA L GROW T H 2 010 TO 2 0 2 2 1.8% 2.2% 2.3%

P ROJ ECT E D POP U L AT ION (2 0 2 2) 7,762 65,284 157,008

P ROJ ECT E D HOUS E HOL DS (2 0 2 2) 2,279 21,404 53,689

TOTA L E M P LOY E E S (2 017) 8,672 37,779 78,659

TOTA L DAY T I M E AT HOM E POP U L AT ION (2 017) 1,911 14,577 35,222

TOTA L E M P LOY E E S (% OF DAY T I M E POP U L AT ION 2 017) 81.9% 72.2% 69.1%

DAY T I M E AT HOM E (% OF DAY T I M E POP U L AT ION 2 017) 18.1% 27.8% 30.9%

BUSINESS DEMOGR APHICS

TOTA L BUSI N E S S E S 866 3,484 7,529

COM PA N Y H E A DQUA RT E R BUSI N E S S E S 10 39 67

TOTAL AGE DISTRIBUTION

% POP U L AT ION AGE 0 - 9 14.8% 13.3% 12.6%

# POP U L AT ION AGE 0 - 9 1,052 7,949 18,184

AGE U N DE R 5 Y E A R S 378 3,210 7,530

AGE 5 TO 9 Y E A R S 674 4,738 10,654

AGE 10 TO 14 Y E A R S 851 5,862 12,855

AGE 15 TO 19 Y E A R S 682 5,044 11,140

AGE 2 0 TO 2 4 Y E A R S 184 2,371 5,682

AGE 2 5 TO 2 9 Y E A R S 153 2,297 5,666

AGE 3 0 TO 3 4 Y E A R S 205 2,614 6,501

AGE 35 TO 3 9 Y E A R S 410 3,642 9,015

AGE 4 0 TO 4 4 Y E A R S 625 4,552 10,650

AGE 4 5 TO 4 9 Y E A R S 816 5,860 13,506

AGE 5 0 TO 5 4 Y E A R S 724 5,610 13,174

AGE 55 TO 5 9 Y E A R S 527 4,906 12,006


DEMOGR APHICS


TOTAL AGE DISTRIBUTION

AGE 6 0 TO 6 4 Y E A R S 380 3,719 9,409

AGE 6 5 TO 6 9 Y E A R S 239 2,313 6,358

AGE 70 TO 74 Y E A R S 118 1,410 4,098

AGE 75 TO 7 9 Y E A R S 70 786 2,456

AGE 8 0 TO 8 4 Y E A R S 38 449 1,438

AGE 8 5 Y E A R S OR OV E R 36 525 1,673

M E DI A N AGE 38.9 39.4 40.5

R ACE & ETHNICIT Y

% W H I T E 82.0% 79.0% 80.9%

% BL ACK OR A F R IC A N A M E R IC A N 4.7% 5.4% 5.5%

% A M E R IC A N I N DI A N OR A L A S K A NAT I V E 0.3% 0.5% 0.6%

% A SI A N 8.5% 6.7% 6.2%

% H AWA I I A N OR PACI F IC I S L A N DE R - 0.1% 0.1%

% H I S PA N IC POP U L AT ION 9.7% 15.2% 14.3%

% NOT H I S PA N IC POP U L AT ION 90.3% 84.8% 85.7%

HOUSEHOLD INCOME

E ST I M AT E D M E DI A N HOUS E HOL D I NCOM E $221,692 $173,079 $147,482

E ST I M AT E D AV E R AGE HOUS E HOL D I NCOM E $301,843 $226,924 $190,115

E ST I M AT E D P E R C A PI TA I NCOM E $90,530 $75,962 $66,414

HOUSEHOLD INCOME DISTRIBUTION

% H H I NCOM E U N DE R $10 ,0 0 0 3.4% 1.8% 1.9%

% H H I NCOM E $10 ,0 0 0 TO $14 , 9 9 9 0.6% 2.0% 1.4%

% H H I NCOM E $15,0 0 0 TO $ 2 4 , 9 9 9 1.2% 3.3% 3.5%

% H H I NCOM E $ 2 5,0 0 0 TO $ 3 4 , 9 9 9 2.6% 4.1% 4.4%

% H H I NCOM E $ 35,0 0 0 TO $ 4 9, 9 9 9 4.5% 6.0% 7.0%

% H H I NCOM E $ 5 0 ,0 0 0 TO $74 , 9 9 9 5.5% 9.7% 10.9%

% H H I NCOM E $75,0 0 0 TO $ 9 9, 9 9 9 5.3% 7.8% 8.9%

% H H I NCOM E $10 0 ,0 0 0 TO $12 4 , 9 9 9 4.5% 7.2% 8.9%

% H H I NCOM E $12 5,0 0 0 TO $14 9, 9 9 9 5.4% 7.2% 8.7%

% H H I NCOM E $15 0 ,0 0 0 TO $19 9, 9 9 9 12.3% 12.2% 13.4%

% H H I NCOM E $ 2 0 0 ,0 0 0 OR MOR E 54.7% 38.9% 31.1%


DEMOGR APHICS


EDUCATIONAL ATTAINMENT

A DU LT POP U L AT ION AGE 2 5 Y E A R S OR OV E R 4,341 38,685 95,950

% E L E M E N TA RY (GR A DE L E V E L 0 TO 8) 0.2% 1.6% 1.9%

% SOM E H IGH SCHOOL (GR A DE L E V E L 9 TO 11) 1.5% 1.8% 1.9%

% H IGH SCHOOL GR A DUAT E 8.1% 11.2% 12.7%

% SOM E COL L EGE 12.8% 18.6% 19.0%

% A S SOCI AT E DEGR E E ON LY 4.9% 5.3% 6.4%

% BACH E LOR DEGR E E ON LY 45.2% 38.1% 37.2%

% GR A DUAT E DEGR E E 27.2% 23.5% 20.8%

HOUSING UNITS

TOTA L HOUSI NG U N I TS 2,132 20,047 50,200

% HOUSI NG U N I TS OW N E R- OCC U PI E D 95.4% 80.7% 80.1%

% HOUSI NG U N I TS R E N T E R- OCC U PI E D 4.6% 19.3% 19.9%

2010 CENSUS DEMOGR APHICS

CE NSUS POP U L AT ION (2 010) 6,397 51,628 122,742

CE NSUS POP U L AT ION I N HOUS E HOL DS (2 010) 6,397 51,522 122,299

% FA M I LY HOUS E HOL DS (2 010) 92.9% 82.2% 80.7%

% NON-FA M I LY HOUS E HOL DS (2 010) 7.1% 17.8% 19.3%

F E M A L E POP U L AT ION (2 010) 3,192 25,874 61,985

% F E M A L E POP U L AT ION (2 010) 49.9% 50.1% 50.5%

M A L E POP U L AT ION (2 010) 3,205 25,754 60,757

% M A L E POP U L AT ION (2 010) 50.1% 49.9% 49.5%

2010 HOME VALUE

% HOM E VA LU E S U N DE R $10 ,0 0 0 0.2% 0.7% 1.2%

% HOM E VA LU E S $10 ,0 0 0 TO $ 2 4 , 9 9 9 0.3% 1.0% 0.9%

% HOM E VA LU E S $ 2 5 ,0 0 0 TO $ 3 4 , 9 9 9 0.2% 0.2% 0.4%

% HOM E VA LU E S $ 35 ,0 0 0 TO $ 4 9, 9 9 9 0.5% 0.7% 0.7%

% HOM E VA LU E S $ 5 0 ,0 0 0 TO $ 5 9, 9 9 9 0.4% 0.5% 0.7%

% HOM E VA LU E S $ 6 0 ,0 0 0 TO $ 6 9, 9 9 9 0.3% 0.4% 0.6%

% HOM E VA LU E S $70 ,0 0 0 TO $7 9, 9 9 9 0.4% 0.8% 0.7%


DEMOGR APHICS


2010 HOME VALUE

% HOM E VA LU E S $ 8 0 ,0 0 0 TO $ 8 9, 9 9 9 1.5% 1.8% 1.9%

% HOM E VA LU E S $ 9 0 ,0 0 0 TO $ 9 9, 9 9 9 1.7% 1.8% 2.0%

% HOM E VA LU E S $10 0 ,0 0 0 TO $12 4 , 9 9 9 1.6% 2.9% 3.5%

% HOM E VA LU E S $12 5,0 0 0 TO $14 9, 9 9 9 3.1% 4.4% 5.1%

% HOM E VA LU E S $15 0 ,0 0 0 TO $174 , 9 9 9 2.9% 6.1% 7.3%

% HOM E VA LU E S $175,0 0 0 TO $19 9, 9 9 9 3.7% 5.7% 6.0%

% HOM E VA LU E S $ 2 0 0 ,0 0 0 TO $ 2 4 9, 9 9 9 8.7% 10.1% 12.2%

% HOM E VA LU E S $ 2 5 0 ,0 0 0 TO $ 2 9 9, 9 9 9 5.5% 10.6% 13.9%

% HOM E VA LU E S $ 3 0 0 ,0 0 0 TO $ 3 9 9, 9 9 9 13.7% 16.6% 19.9%

% HOM E VA LU E S $ 4 0 0 ,0 0 0 TO $ 4 9 9, 9 9 9 19.9% 15.6% 13.7%

% HOM E VA LU E S $ 5 0 0 ,0 0 0 TO $74 9, 9 9 9 31.2% 22.0% 14.3%

% HOM E VA LU E S $75 0 ,0 0 0 TO $ 9 9 9, 9 9 9 9.0% 8.5% 5.5%

% HOM E VA LU E S $1,0 0 0 ,0 0 0 OR MOR E 6.0% 4.1% 2.3%

OW N E R- OCC U PI E D M E DI A N HOM E VA LU E $460,394 $390,811 $330,391

EDGE Realty Capital Markets exclusively presents the listing of 601 Zena Rucker Road (“Property”) for your acquisition. The owner is offering for sale the Property through its exclusive listing with the team.

EDGE Realty Capital Markets and owner provides the material presented herein without representation or warranty. A substantial portion of information must be obtained from sources other than actual knowledge and not all sources can be absolutely confirmed. Moreover, all information is subject to changes by the parties involved as to price or terms before sale, to withdrawal of the Property from the market, and to other events beyond the control of EDGE Realty Capital Markets or owner. No representation is made as to

the value of this possible investment other than hypothetical scenarios. It is encouraged that you or any of your affiliates consult your business, tax and legal advisors before making a final determination of value or suitability of the Property for acquisition.

As a condition of EDGE Realty Capital Markets’ consent to communicate the information contained herein–as well as any information that may be communicated to you subsequently either verbally or in writing by EDGE Realty Capital Markets, owner or agents of either of these parties regarding the Property–it is required that you agree to treat all such information confidentially.

DISCLAIMER

T 214.545.6900 edge-cm.com

5950 Berkshire Lane, Suite 700 Dallas, Texas 75225

E X C L U S I V E L I S T I N G B R O K E R S :

CON FIDEN TI A L OFFER I NG MEMOR A N DU M

601 ZENA RUCKER ROADS E Q E S O U T H L A K E B O U L E VA R D & B Y R O N N E L S O N PA R K WAY

S O U T H L A K E , T E X A S

BR A NDON CROWAssociate

[email protected]

K A ILEY CLA BOR NAssociate

[email protected]

W ILSON STA FFORDPrincipal

[email protected]

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601 ZENA RUCKER ROAD - LoopNet · 2018. 6. 18. · edge realty capital markets 601 zena rucker road...

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