VACANT VALUE- ADD SHOPPING CENTER 919 NORTH AVENUE, LANCASTER,

EXCLUSIVELY OFFERED BY SLJ Company, LLC TY UNDERWOOD 4311 West Lovers Lane, Suite 200 SLJ Dallas, Texas 75209 214.520.8818 x 4 www.sljcompany.com [email protected] TABLE OF CONTENTS

EXECUTIVE SUMMARY

PROPERTY HIGHLIGHTS

PROPERTY PROFILE

SURVEY

DEMOGRAPHICS SITE LANCASTER AREA

DALLAS/FORT WORTH AREA

MARKET STATISTICS EXECUTIVE SUMMARY

SLJ Company, LLC (“SLJ”) has been exclusively retained to offer 919 N Dallas Ave, a vacant ±39,000 square foot value-add neighborhood shopping center situated on approximately 3.34 acres of land in Lancaster, Texas. Lancaster is located approximately 15 miles south of , and offers ease of access to Interstate 35E, and . The Property is currently divided into three vacant spaces, ranging from ±6,000 to ±23,000 square feet, and offers high visibility, ample parking and a large pylon sign.

919 N DALLAS AVE | 2 PROPERTY HIGHLIGHTS

VACANT The Property is 100% vacant and ready for an owner/user or investor.

MOTIVATED SELLER Highly motivated ownership committed to transacting.

DISCOUNT TO REPLACEMENT COST It is likely that the purchase price of the Property will represent a substantial discount to replacement cost.

LIBERAL ZONING The liberal “R” zoning district allows General Retail, Restaurant (with or without drive-through), Office, Bank or Financial Institution (with or without drive-through), Personal Service, Studio, Health Club, Public School (Primary, Secondary, Senior & Charter), Daycare, Assisted Living Facility/Nursing Home, Hospital, Lofts or Townhomes & other uses.

DALLAS/FORT WORTH ECONOMY The Dallas area is the largest metropolitan area in Texas and the fourth-largest in the United States with a population of approximately 7.5 million people. As the fastest growing metropolitan area, DFW led the nation in population growth over the last year, adding 146,000 people in 2017 contributing to the addition of over 1.1 million people since 2010. By the year 2040, it is projected that over 10.5 million people will be living in the Metroplex.

919 N DALLAS AVE | 3 PROPERTY PROFILE

ADDRESS BUILDING AREA OCCUPANCY 919 N Dallas Ave, Lancaster, TX 75146 ±39,000 Square Feet 0% (Vacant Building)

LAND AREA YEAR BUILT LOCATION 3.343 Acres (145,621 Square Feet) 1967 The subject property is located between W 8th St and E Hammond Ave in the Lancaster Retail Submarket. LOT DIMENSIONS TRAFFIC COUNTS Frontage on N Dallas Ave: ±236 Feet N Dallas Ave: 8,700 VPD (2017) Maximum Depth: ±418 Feet E Pleasant Run Rd: 4,940 VPD (2017) LEASEABLE SPACE Suite 100: ±10,000 SF Suite 200: ±6,000 SF PARKING ZONING Suite 300: ±23,000 SF Approximately 173 Parking Spaces Retail “R” District

919 N DALLAS AVE | 4 SURVEY

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919 N DALLAS AVE | 5 919 N DALLAS AVE | 6 919 N DALLAS AVE | 7 SITE

919 N DALLAS AVE | 8 N JEFFERSONN ST

Pleasant Run Elementary School

W PLEASANT RUN RD

W PLEASANT RUN RD

SITE N LANCASTER HUTCHINS RD HUTCHINS N LANCASTER

8 TH ST N DALLAS AV E

West Main Elementary 919 N DALLAS AVE | 9 School 2019 DEMOGRAPHICS

CONSUMER POPULATION # OF SPENDING <30 MINUTE EMPLOYEES ($000S) COMMUTE

1 MILE 2,691 60,602 47.4%

COLLEGE POPULATION EMPLOYED EDUCATED GROWTH POPULATION POPULATION 2010- 2019 64.9% 57.3% 55.3%

AVERAGE MEDIAN PROJECTED

3 MILE HOUSEHOLD HOME POP. GROWTH INCOME VALUE 2019- 2024 $70K $153K 9.9%

POPULATION HOUSEHOLDS MEIDAN AGE 102K 35K

5 MILE 33.6

919 N DALLAS AVE | 10 LANCASTER AREA

INTRODUCTION Lancaster is a city in Dallas County, Texas, United States. Founded in 1852 as a frontier post, Lancaster is one of Dallas County's earliest settlements. Today, it is a suburban community located in the Dallas-Fort Worth Metroplex, approximately 15 miles south of Downtown Dallas. Lancaster is part of the area, which includes Lancaster, Cedar Hill, DeSoto, and Duncanville.

SCHOOLS & EDUCATION Lancaster is served mainly by the Lancaster Independent School District. The school district consists of eleven campuses: seven elementary schools, one sixth grade center, one middle school, one high school, and an alternative school. The Dallas Independent School District serves a small portion of the city. There are two public charter schools in the city. Life School Lancaster opened in 2007 and serves students from Kindergarten through sixth grade. In January 2012, the Accelerated Intermediate Academy opened an elementary campus in Lancaster on East . Berne Academy is the sole private school in Lancaster. Cedar Valley College, a two-year accredited institution affiliated with the Dallas County Community College District is located on the border of Lancaster and Dallas. The college offers workforce training, continuing education, and college preparatory programs. As of Spring 2019, over 6,000 students were enrolled at the campus. The University of North Texas at Dallas campus is located just north of the Lancaster city limits in far southern Dallas.

ECONOMY Lancaster has attracted the attention of logistics-related companies in recent years. The city's location in the fast-growing Dallas-Fort Worth Metroplex region, land availability, easy access to three major interstate highways, Lancaster Regional Airport, and a planned 200-acre BNSF intermodal freight facility round out the logistic options of road, rail, and air for the transport of goods. ProLogis Park 20/35 at the northeast corner of School Road and Cedardale Road is the largest logistics business park in Lancaster. It was developed in 2006 and now houses manufacturing and warehouse facilities for ProLogis, Quaker Oats/PepsiCo, and BMW among others. According to the Lancaster's Department of Economic Development, the top employers in the city are: Lancaster Independent School District, Wal-Mart Stores, Inc., BrassCraft Manufacturing, Oak Creek Homes and Cedar Valley College.

PLEASANT RUN ELEMENTARY

919 N DALLAS AVE | 11 DOWNTOWN DALLAS

DALLAS/FORT WORTH AREA

INTRODUCTION The Dallas/Fort Worth Metroplex (Dallas/Fort Worth, DFW) is a dynamic 13- county region made up of Dallas, Fort Worth, and another 150 municipalities. The Dallas area is the largest metropolitan area in Texas and the fourth- largest in the United States spanning an area of 9,286 square miles and a population of approximately 7.5 million people. As the fastest growing metropolitan area, DFW led the nation in population growth over the last year, adding 146,000 people in 2017 contributing to the addition of over 1.1 million people since 2010.

By the year 2040, it is projected that over 10.5 million people will be living in the Metroplex. DFW also has the largest, most educated workforce in the state of Texas, totaling three million people, and leads the state in public university and community college students. The largest of the major universities within the area are the University of Texas at Arlington (41,712), the University of North Texas (38,094), and the University of Texas at Dallas (27,638).

DFW accounts for approximately one-third of the state’s Gross Domestic Product and approaches $60 million in annual direct imports and exports. The Metroplex is currently the fifth-largest global exporter in the country and largest regional exporter to Canada, Mexico and China. Over the past decade the area has enjoyed a sustained period of economic and population expansion as local companies increase their business capacity and others relocate to this desirable, central U.S. location.

2018 MEDIAN 2018 HOUSEHOLD 2018 POPULATION INCOME2017 MEDIAN AGE MEDIANHH INCOME 7.5M $69K 34.1

919 N DALLAS AVE | 12 WAYFAIR DISTRIBUTION CENTER

MARKET STATISTICS CURRENT AVERAGE PROJECTED 2023 DALLAS- RETAIL RETAIL RENT PER SF RENT PER SF FORT WORTH PROPERTY 919 Avenue MARKET MARKET Dallas-Fort Worth $19.67 $21.56 SUBMARKET Lancaster

D-FW’s affordability, location and CURRENT AVERAGE PROJECTED 2023 quality of labor continue to attract RETAIL RETAIL RENT PER SF RENT PER SF “major employers. The cost of business is an obvious consideration for any $13.16 $14.28 company looking to expand or LANCASTER relocate, and for companies weighing SUBMARKET YEAR- OVER- YEAR CURRENT AVERAGE the metroplex against major coastal MARKET RETAIL RETAIL VACANCY RENT GROWTH RATE cities, the price differential can be substantial. 2.4% 6.3% Source: CoStar Group, 18Q3”

919 N DALLAS AVE | 13 EXCLUSIVELY OFFERED BY SLJ Company, LLC TY UNDERWOOD 4311 West Lovers Lane, Suite 200 SLJ Dallas, Texas 75209 214.520.8818 x 4 www.sljcompany.com [email protected]

Disclaimer: 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 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 representatives as to the accuracy or completeness of the information contained herein. Prospective investors should make their own investigations, projections, and conclusions regarding this investment.