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5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466 Visit our website at www.castledevgroup.com 1 Southlake Villas Development
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 1
Southlake Villas Development
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 2
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
TABLE OF CONTENTS
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 3
DEVELOPMENT SUMMARY
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
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
Positioned to draw from the fast growing cities of
Southlake, Grapevine, Westlake, Keller and more
Strong demographics – Median Household incomes
exceeding $162,000
Development Summary
Southlake Villas
500 – 540 E. Southlake Blvd
Southlake, TX 76092
DEVELOPMENT HIGHLIGHTS
Use: Medical, Professional Office
Lease Space: 5,979 SF (Divisible)
Building Size: 5,979 SF (4 buildings total)
Tenant Improvement Negotiable – high allowance
Allowance: provided for medical/credit tenants
Signage: Monument Sign – Hwy 1709,
building sign band
Construction December 2014 with
commencement: completion second quarter 2015
Lease Structure: Triple Net($6.00/SF first year)
Frontage Hwy 1709 (Southlake Blvd) –
Newly improved 6 lane, center
divided arterial street
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 4
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.
Development Summary
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 5
Aerial
Subject Property
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 6
Bird’s Eye View
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 7
Bird’s Eye View
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 8
Property Photos
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 9
Aerial Map
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 10
Site Plan
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 11
Elevations
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 12
Demographics - Summary
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 13
Demographics
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 14
Demographics
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 15
Demographics
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 16
Demographics
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 17
Demographics
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 18
Demographic Market Comparison
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 19
Demographic Market Comparison
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 20
Demographic Trend Report
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 21
Demographic Trend Report
5751 Kroger Drive ∙ Suite 251 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 22
Traffic Count Report
