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SEC of SOUTHWESTERN BLVD. & ABRAMS ROAD SEC of SOUTHWESTERN BLVD. & ABRAMS ROAD 25,000 SF HARD CORNER DALLAS, TEXAS FOR SALE: $1,250,000 Ryan Turner Edward Bogel David Davidson, Jr. [email protected] [email protected] [email protected] 214.526.3626 x 105 214.526.3626 x 102 214.526.3626 x 101 Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2018 SEC of SOUTHWESTERN BLVD. & ABRAMS ROAD 25,000 SF HARD CORNER DALLAS, TEXAS FOR SALE: $1,250,000 PROPERTY OVERVIEW SIZE: ± 25,003 SF UTILITIES: Available ZONING: CR - Community Retail TRAFFIC COUNTS: Southwestern Blvd.: 20,170 VPD Abrams Rd.: 6,014 VPD DEMOGRAPHICS: 2018 Population 1 Mile: 33,405 2018 Population 2 Mile: 82,946 2018 Population 3 Mile: 165,372 % Proj Growth 2018-2023 1 Mile: 1.55 % Proj Growth 2018-2023 2 Mile: 1.67 % Proj Growth 2018-2023 3 Mile: 1.77 2018 Total Daytime Population 1 Mile: 20,176 2018 Total Daytime Population 2 Mile: 95,281 2018 Total Daytime Population 3 Mile: 178,795 2018 Total Daytime Employees 1 Mile: 7,012 2018 Total Daytime Employees 2 Mile: 58,070 2018 Total Daytime Employees 3 Mile: 102,790 2018 Median HH Income 1 Mile: $47,333 2018 Median HH Income 2 Mile: $57,350 2018 Median HH Income 3 Mile: $67,762 2018 Average HH Income 1 Mile: $66,023 2018 Average HH Income 2 Mile: $98,676 2018 Average HH Income 3 Mile: $119,282 2018 Median Home Value 1 Mile: $286,642 2018 Median Home Value 2 Mile: $390,174 2018 Median Home Value 3 Mile: $424,943 DB2RE.com Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2017 SEC of SOUTHWESTERN BLVD. & ABRAMS ROAD 25,000 SF HARD CORNER DALLAS, TEXAS FOR SALE: $1,250,000 DB2RE.com Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2017 SEC of SOUTHWESTERN BLVD. & ABRAMS ROAD 25,000 SF HARD CORNER DALLAS, TEXAS FOR SALE: $1,250,000 New retail center on Northwest Highway in Dallas names tenants The big-box shopping hub along East Northwest Highway and Skillman and Abrams roads is adding to its roster. A 180,000-square-foot shopping center under construction in northeast Dallas called High Point Crossing will house Academy Sports + Outdoors, Marshalls, Burlington Coat Factory and Five Below, said Jeff Kittleson, senior vice president at CBRE. High Point is expected to open this fall. It’s creating another layer of big-box retail that stretches east along Northwest Highway from NorthPark Center to Medallion Center. Both the mall and the open-air shopping center were built in the 1960s but remain anchors to this shopping district. The northeast Dallas neighborhood has seen more than 1 million square feet of new shopping center space in the last 10 years as the Shops at Park Lane, which houses Nordstrom Rack, Bloomingdale’s Outlet, Dick’s Sporting Goods and others, was followed by Timber Creek Crossing in 2011. In 2015, REI opened next to the Half Price Books flagship. Developers who forever seemed to focus on suburban spaces rediscovered the area. All together, the shopping centers house the nearest Kohl’s, J.C. Penney, Saks Off 5th, Bloomingdale’s Outlet, Old Navy, Target, Walmart, Sam’s Club, Party City and Pier 1 Imports for many living inside LBJ Freeway in Dallas. Houston-based Ainbinder bought the 13-acre property between Abrams and Skillman roads in 2015. High Point, which has been under construction since October, still has a vacant 10,000-square-foot space for a junior anchor, and the remaining space is open for fast-casual restaurants and smaller retail shops, Kittleson said. “It’s another chance for some retailers. It’s the last development site in this trade area,” he said. About 75,000 cars a day pass the intersection. A new traffic signal has been approved on Northwest Highway just west of Abrams Road at the center’s entrance. One of High Point’s new stores may not be as familiar as the others to Dallas shoppers. Five Below is a fast-growing retailer focused on tweens and teens. It sells trendy merchandise that costs between $1 and $5. The Pennsylvania-based retailer came to Texas in 2013 and has 23 stores in Dallas-Fort Worth, including one in Far North Dallas, but none south of LBJ Freeway in Dallas. Five Below has said it plans for Texas to be one of its five largest states and told analysts earlier this month that it expects to open a distribution center here in a couple of years. The Texas distribution center will be its fourth. So far, Five Below has 625 stores in 32 states and said it will open 125 more in 2018, aiming someday to operate 2,500 stores. The company is debt free and had $1.27 billion in sales last year. Its stock, which closed at $66.99 a share on Friday, has doubled in the last year. While last year was a record year for store closings, even more mature chains like Academy and Marshalls are still opening new stores. Sometimes new stores replace older locations in the same market. Academy has a store five miles north of High Point on Forest Lane, but the company didn’t respond to a question about whether that store is being replaced. DB2RE.com Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2017 SEC of SOUTHWESTERN BLVD. & ABRAMS ROAD 25,000 SF HARD CORNER DALLAS, TEXAS FOR SALE: $1,250,000 Dallas developers land $126M loan for reinvention of The Village Two Dallas-based development firms have landed a $126 million construction loan to redevelop a portion of The Village, a 309-acre apartment home community in Dallas. With the new funds, Dallas-based Phoenix Property Co. and Dallas-based Lincoln Property Co. plan to build a new ‘Main Street’ amenity district for the community, including a community park, a boutique hotel, private resident club and fitness center and multiple dining options for residents of The Village. The sprawling 7,000-apartment property sits on 309 acres at Caruth Haven and Greenville Avenue and is known for being the city within a city, with open green space, two lakes, and 2.5 miles of jogging and biking trails. An HFF team helped arrange the floating-rate construction loan for the redevelopment of this portion of The Village with Bank of America. The Village, a community developed in the late 1960s, has 16 distinct neighborhoods, and sits at the corner of North Central Expressway and Northwest Highway. This new project is expected to help retain residents in the community and attract new residents. The North Texas market is the hottest apartment development market in the United States, surpassing the supply of construction in New York and Los Angeles. DB2RE.com Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC.
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