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Drive-Thru Location Absolute Nnn Lease with No
6917 INDEPENDENCE PARKWAY DALLAS (PLANO), TX 75023 Chipotle BRAND NEW 20-YEAR CORPORATE GUARANTEED LEASE RARE “CHIPOTLANE” DRIVE-THRU LOCATION ABSOLUTE NNN LEASE WITH NO LANDLORD RESPONSIBILITIES PRIME LOCATION ON MAJOR RETAIL THOROUGHFARE FULLY RENOVATED IN 2020 REPRESENTATIVE PHOTO OFFERING MEMORANDUM 6917 INDEPENDENCE PARKWAY DALLAS (PLANO), TX 75023 EXCLUSIVELY LISTED BY Table of Ron Duong Craig Elster BROKER OF RECORD: Senior Vice President Investments +1 949 419 3223 Tim Speck Contents Senior Director, National Retail Group [email protected] Division Manager, TX +1 949 350 5431 Lic. CA 01958307 License: #9002994 [email protected] Investment Highlights p.04 Lic. CA 01438643 Tenant Overview p.05 Financial p.06 Offering Memorandum Disclaimer This Confidential Offering Memorandum (“Memorandum”) is being delivered subject to the terms of the Confidentiality Agreement (the “Confidentiality Agreement”) signed by you and constitutes part of the Confidential Information (as defined in the Confidentiality Agreement). It is being given to you for the Aerial Photos p.07 sole purpose of evaluating the possible investment in the subject property mentioned herein (“the “Project”), and is not to be used for any other purpose or made available to any other party without the prior written consent of the Seller of Record (“Managing Member”), or its exclusive broker, Marcus & Millichap and JLL (“Exclusive Broker”). This Memorandum was prepared by Exclusive Broker based primarily on information supplied by Managing Member. It contains Site Plan p.09 select information about the Project and the real estate market but does not contain all the information necessary to evaluate the Project. The financial projections contained herein (or in any other Confidential Information) are for general reference only. -
Dallas, Texas Dallas Sports, History, Culture, and More
BUSINESS CARD DIE AREA 225 West Washington Street Indianapolis, IN 46204 (317) 636-1600 simon.com A Simon-Managed Property Information as of 5/1/16 Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG). DALLAS, TEXAS DALLAS SPORTS, HISTORY, CULTURE, AND MORE The city of Dallas offers something for everyone. With its 26 neighborhoods, 12,000 places to eat, and almost unlimited shopping opportunities, Dallas is the number one visitor destination in all of Texas. — With a current population of 7.1 million, the Dallas– Fort Worth region is the fourth largest metro area in the nation and is expected to grow to a population of 10.5 million and employ more than 6.6 million by the year 2040. — In 2017, Dallas ranks number 15 on U.S. News and World Report’s 100 Best Cities to Live list. — Forbes 20 Best Cities for Young Professionals 2016 ranked Dallas number four. — Top employers include American Airlines Group, AT&T, Inc., HCA North Texas, Lockheed Martin Aeronautics Co., and Texas Instruments. — DART is both the largest and fastest-growing light rail operator in the US, with 93 miles of track. DART also operates an extensive system of busses, free shuttles, trolleys, and streetcars. TEXAS-SIZED SHOPPING For more than a quarter century, Galleria Dallas has been the premier shopping destination in North Texas. With exceptional retailers, a worldwide reputation, productive market, desirable demographics, and a dynamic environment, Galleria Dallas is a retail landmark. — Galleria Dallas is the number one shopping destination for tourists in the entire Dallas-Fort Worth metroplex. -
The City's Go-To Mixed-Use District Galleria Dallas Consumers Consumer Snapshot
THE CITY'S GO-TO MIXED-USE DISTRICT GALLERIA DALLAS CONSUMERS CONSUMER SNAPSHOT Over 387,000 white-collar employees work within a five-mile radius of Galleria Dallas each weekday. 3 Class A office towers connected to the center by pedestrian bridge 5,000 Professionals arriving each day 19 million visitors annually Fortune 500 Companies include Morgan Stanley, Merrill Lynch, Amazon, Medical City, Ryan, AECOM, Kimley Horn, RSM, and Ansira Partners Recently, the adjoining 3-building office complex bringing in 5,000 workers daily, underwent a $28 million capital improvement renovation. FUTURE MIDTOWN MORE THAN PROJECT Galleria Dallas is positioned as the anchor of the fastest- growing area in North Texas. Development plans for the FASHIONISTAS & adjacent 450-acre Dallas Midtown project include: • Office towers and hotels including the new Residence Inn and Autograph Collection Hotel • Luxury condominiums PROFESSIONALS • New luxury multifamily unit, currently in development across the street PRIMARY TRADE AREA • Upscale multifamily rental units • Dallas Midtown Park —the city’s largest programmed park OFFICE TOWERS The center’s primary trade area encompasses 370 square miles and is home WESTIN HOTEL to 1.6 million people. GALLERIA DALLAS The local population has a median age of 34.6 and is well educated with a healthy disposable income and a genuine desire to enjoy it. COMPETITION & DEMOGRAPHICS (2020) DRIVE TIMES FRISCO 5 minutes 10 minutes 15 minutes POPULATION Stonebriar ALLEN Population 2020 11,338 235,675 1,093,765 Legacy West Projected -
Real Estate – Retail
COSTS & INCENTIVES | REAL ESTATE - RETAIL COSTS & INCENTIVES Real Esate - DFW Retail Centers: 7 Retail Far North 24 Opportunities at Dallas 23 19 The Dallas-Fort Worth retail real estate 3 | market ended the year with 91.7 percent 8 - RETAIL REAL ESTATE occupancy despite the economic downturn Every Intersection in 2020, the eighth consecutive year of Lewisville/Denton Richardson/Plano occupancy above 90 percent. 1.7 million 22 Largest Retail Centers 4 square feed of new construction was added 27 in 2020, down only slightly from 1.8 million 1 Alliance Town Center 15 Plaza Central in 2019. Most of this activity is concentrated 9 5 in the northern suburbs with North Central LBJ Freeway 2 Arlington Highlands 16 Ridgmar Mall 17 Dallas and Far North Dallas accounting for Las Colinas 6 3 Centre at Preston Ridge 17 Southlake Town Square 45 percent of new construction. 1 Central Preston 4 Collin Creek Mall 18 Southwest Center Mall Expressway North Center 21 5 Firewheel Town Center 19 Stonebriar Centre Fort Worth East Dallas 11 14 6 Galleria 20 The Parks At Arlington Northeast 13 Stemmons Fort Worth 25 Mid-Cities Freeway 7 Golden Triangle Mall 21 The Shops At Park Lane Dallas CBD Live, Work, and Play 8 Grandscape 22 The Shops At Willow Bend Fort Worth CBD 28 15 The development of higher density, mixed- 9 Grapevine Mills Mall 23 The Villages At Allen 16 Southwest Dallas use centers offers unique opportunities to 10 Hulen Mall 24 The Villages At Fairview South both businesses and residents of the Dallas– Fort Worth 12 20 2 Fort Worth region. -
JLL 45347 Shops at Highland Village Leasing Brochure 8.5X8
property shot or lifestyle can’t finish this page until I have actual photo can you edit any of the copy? THE SHOPS AT HIGHLAND VILLAGE IS SOUTH DENTON COUNTY’S EXCLUSIVE OPEN-AIR WELCOME TOWN CENTER, where upscale retail, restaurants and outdoor spaces create an ideal gathering spot for the auent residents of Flower Mound, Highland Village, Denton, Lewisville and Argyle, Texas. THE SHOPS AT HIGHLAND VILLAGE HAS EVOLVED OVER THE LAST YEAR UNDERGOING A MULTI-MILLION DOLLAR RENOVATION OF THE COMMON AREAS, AMENITIES AND SIGNAGE, CATERING TO THE GROWING MARKET. PROSPEROUS THE SHOPS AT HIGHLAND VILLAGE IS AT THE CENTER OF ONE OF THE MOST AFFLUENT TRADE AREAS IN THE GREATER DALLAS/FT. WORTH AREA. POPULATION AVERAGE HOUSEHOLD INCOME CARS PER DAY POPULATION GROWTH 154,268 $128,124 43,264 1.61% WITHIN A 5 MILE RADIUS WITHIN A 5 MILE RADIUS AT CENTER’S MAIN INTERSECTION 2015–2020 PROJECTED With an average household income of more than $125,000 and population growth expected to continue, this “suburban resort” area is alive with upwardly mobile families looking for a shopping experience that meets their aspirations close to home. BY THE NUMBERS POPULATION 3 MILES 5 MILES 10 MILES 15 MIN. DT 20 MIN. DT 2020 Projection 65,315 167,053 469,427 175,945 294,356 2015 Population 59,623 154,268 426,567 162,713 270,420 2010 Census 55,392 145,504 391,993 153,532 253,695 Growth, 2015–2020 1.84% 1.61% 1.93% 1.58% 1.71% Growth 2010–2015 1.41% 1.12% 1.62% 1.11% 1.22% AVG. -
400+ Acres | Retail | Mixed Use
400+ ACRES | RETAIL | MIXED USE THE COLONY, TEXAS 704-206-8400 www.grandscape.com LOCATION SIZE OPPORTUNITY ON A Grandscape is located along the Sam Rayburn Tollway Grandscape spans 433 acres and (SH121) in the heart of the Dallas/Fort Worth region, the 3.9 million sq. ft., including: GRAND SCALE 4th largest metropolitan area in the country. ± 2.6 million sq. ft. of Destination Retail & Office ± 300 multi-family units Grandscape enjoys more than a mile of frontage on Located in The Colony, in the northern part of SH121, offering great visibility and easy highway access ABOUT NEBRASKA FURNITURE MART the Dallas/Fort Worth Metroplex, Grandscape for consumers from a trade area of hundreds of miles. NFM is the largest single-volume shopping destination is one of the largest and most unique mixed- ANCHOR for furniture, flooring, appliances and electronics in the use real estate developments in the country. United States. Nebraska Furniture Mart of Texas, NFM’s only North With the Nebraska Furniture Mart scheduled Texas location, will cover 90 acres, with a 560,000 sq. ft. NFM is based in Omaha, Nebraska, with stores in to open in Spring 2015 and the first phase of showroom and a 1.3 million sq. ft. distribution center. Omaha, Kansas City and Des Moines. retail in the 3rd quarter 2015, Grandscape PHASE I: NFM draws loyal customers from more than 200 miles will stretch across 400+ acres, with 3.9 away, with more than 98% returning to shop again. Plans include: million square feet of retail, entertainment, Entertainment Venues dining and attractions. -
Digital-ATC-Leasing-Deck-11.2019-1
welcome Alliance Town Center is located at Interstate 35W and Heritage Trace Parkway in North Fort Worth, just west of Keller, Texas. The 1 million square-foot center is anchored by Belk, JCPenney, Total Wine, Cinemark, Dick’s Sporting Goods, Best Buy, Havertys, DSW, PetSmart, Boot Barn, Kroger and many more. property overview Alliance Town Center, a joint venture with Hillwood and Invesco, is part of the 26,000-acre Alliance Texas Development. • Fort Worth Alliance Airport • 44 million+ SF developed • Industrial space: 7,000+ acres • Office space: 800 acres • Residential: 10,000+ single family homes/ 5,000 multi-family units • 73 acre HCA medical campus • 488+ corporate residents including Amazon, Facebook, General Electric, Fidelity and BNSF Railway • 50,000+ employees • Anchored by modal inland port Alliance Global Logistics hub • 65 listed on Fortune 500, Global 500, or Forbes’ Top List of Private Firms • Population of 2 million within 20 miles of Fort Worth Alliance Airport Golden Triangle Mall Allen Premium Outlets The Village at Fairview Stonebriar Centre The Shops at Legacy Plano Lewisville Flower Mound The Shops at Willow Bend Collin Creek Mall Vista Ridge Mall Grapevine Mills Carrollton Richardson Village on the Parkway Firewheel Town Center Southlake Town Square Garland Preston Oaks NEW MAP NorthPark Center The Shops at Park Lane North Richland Hills Irving Inwood VIllage Irving Mall Highland Park VIllage North East Mall Fort Worth Dallas Montgomery Plaza Mesquite Ridgmar Mall West 7th Arlington University Park Village Grand Prairie Hulen Mall The Parks at Arlington Arlington Highlands Grand Prairie Premium Outlets 5000 South Hulen GREATER DFW RETAIL MAP • 4th largest MSA in the U.S. -
DELIVERING EXTRAORDINARY RETAIL EXPERIENCES Northwood Retail, an Affiliate of Northwood Investors, Was Established to Manage the firm’S Retail Portfolio
DELIVERING EXTRAORDINARY RETAIL EXPERIENCES Northwood Retail, an affiliate of Northwood Investors, was established to manage the firm’s retail portfolio. Built upon strong, fundamental real estate principles, the organization is focused on maximizing the value of each retail asset through a disciplined approach to leasing, development, property management, marketing, and accounting. Our portfolio includes over 3 million square-feet of mixed-use properties located in the country’s top markets and situated near some of the most affluent demographics. As recognized industry leaders, our management team has expertise across all retail property types and disciplines, as well as strong relationships with prominent retailers, allowing us to deliver extraordinary retail experiences. We understand that conscientious and proactive management practices are critical to unlocking the potential value of each retail property. 2 OUR SERVICES LEASING DEVELOPMENT PROPERTY MANAGEMENT MARKETING & EVENTS Our leasing experts are recognized for their integrity We envision the future. Our development philosophy is We approach property management as an owner Each marketing initiative is created to drive traffic, and established relationships with national and to create beautiful, state of the art, lasting environments. and understand that conscientious and proactive increase sales, and provide the maximum amount regional brands, local boutiques, and reputable Specializing in mixed-use projects, our approach to each management practices, along with precise accounting, of exposure for retail tenants. Designed to cultivate restaurants. The ability to curate each properties’ development is as unique as the property itself. From are critical to maximizing the value of each retail vibrant retail experiences and maximize dwell time, tenant mix specifically for the target demographics repositioning assets to ground up development and property. -
BEDFORD City-Area Guide
BEDFORD City-Area Guide www.bedfordtx.gov CITY INFORMATION LOCATION City Hall 2000 Forest Ridge Dr. 12 Miles North of Arlington 817-952-2100 14 Miles Northeast of Fort Worth 25 Miles West of Dallas Boards City Council Meeting Times 2nd & 4th Tuesdays Important Phone Numbers Trash Services 817.952.2112 TAX INFORMATION Parks & Recreation 817.952.2300 Finance 817.952.2174 City Sales Tax = 8.25% Property (Ad Valorem) Tax Utility Information TXU Electric 800.242.9113 Bedford (Hurst-Euless Bedford ISD) 1.263 Time Warner 972.742.5892 Water 817.952.2112 How do you estimate total taxes for the year? Reliant Energy 866.222.7100 Multiply the value of your home times the AT&T 800.288.2020 combined rate listed above. Trash 817.332.7301 How do you find the value of your home? EDUCATION www.tad.org = Tarrant County Appraisal District HURST-EULESS-BEDFORD ISD www.hebisd.edu 817.283.4461 DALLAS-FORT WORTH TOP EMPLOYERS Company # of Employees DEMOGRAPHICS 1. Wal-Mart Stores Inc. 34,000 2. American Airlines Group Inc. 27,000 Current Estimated Population: 49,464 Current Median Age of Residents: 40.3 3. Texas Health Resources 22,296 Current Median Household Income: $64,933 4. Dallas Independent School District 19,740 17,000 Year 2010 2018 5. AT&T Inc. 6. Baylor Scott & White Health 16,500 Population 46,979 49,464 7. The Kroger Co. 15,397 Median - $221,535 8. Lockheed Martin Corp. 14,350 Home Price 9. Meidcal City Healthcare 14,000 Housing 22,260 21,856 13,500 Units 10. -
About the Author
About the Author as a college student in 1987, working as an intern at Texas InstrumentsA native of Houston, in Dallas. Oscar After Slotboom receiving first a BSME moved from to TexasNorth A&MTexas and MSME from the University of Texas at Austin, he held a to Houston in 1991 to work as a project engineer in the energy industry.position at In MCI 1998 (now he began Verizon) working in Richardson in web and before software returning devel - opment, and he continues to work in the information technol- ogy industry as a software developer in 2014. Oscar’s efforts to document the history of Texas highways be- gan in 2000 when he launched the web site TexasFreeway.com. In 2003 he published Houston Freeways, a Historical and Visual Journey covering the history of Houston’s freeways. Oscar moved back to North Texas in 2004 and began efforts to docu- ment the history of North Texas freeways. In 2006 he launched in 2012 released the digital book Dallas-Fort Worth Freeways, Texas-Sizedthe web site Ambition DFWFreeways.info. (now DFWFreeways.com) and Interstate 35E at SH 121, January 2012 533 Bandwagon 357 Bush, Laura 147 Index Barker photo (reenactment of John F. Bush Turnpike 60, 61, 65, 68, 69, 202, Kennedy assassination) 175 215, 232, 235, 261–276, 521 baseball, teams at Burnett Field 281 ground breaking 15 A Bass, Anne T. 496, 497 ACT (Association Concerned about Bass, Robert 67, 461, 496, 497 C Tomorrow) 69, 269 Beckley Avenue 277 C-119 188 Addison 230, 240 Belknap Freeway 511 Cabell, Earl, U.S. -
Summary Report February 2014
Public Outreach Campaign Phase II Summary Report February 2014 Prepared by the Plano Planning Department Comprehensive Planning Division This page intentionally left blank. Table of Contents Plano Tomorrow—Phase II Public Outreach Campaign Summary Report Final Report Executive Summary …………………………………………………..…..….. 5 Section 1: Plano Tomorrow Survey Results…………………..…………..….. 9 Section 2: Map Exercise……………………………...………………...…… 25 Section 3: Preference Matrix……………………………………………….. 30 Section 4: Great Ideas Comment Posters………………..………………… 35 Section 5: Take the Case Workshops…………..……………………………36 Appendix (Separate Document) Plano Tomorrow Survey Open Ended Responses and Demographic Summary Great Ideas Comment Poster Responses Take the Case Comprehensive Responses Plano Tomorrow—Phase II Public Outreach Campaign Summary Report This page intentionally left blank. Executive Summary Plano Tomorrow—Phase II Public Outreach Campaign Summary Report Overview and Methodology The public outreach campaign for Plano Tomorrow This Phase II report contains: was completed in two phases. During Phase I, meetings were held with city residents, community an executive summary of the methodology leaders, PTA parents, and senior adults to gather and major findings feedback to identify Plano’s urban planning issues. charts depicting the overall results of the on- Over 180 people participated with the Phase I public line survey outreach campaign. charts of the Map Exercises results results from the Preference Matrix exercises The purpose of Phase II was to receive -
Plano, TX 75093 Hobby Lobby | Plano, TX
™ WEST PLANO, TEXAS CPD (±17 Miles) President Geor ge Bus h Toll Road (±158,000 VPD) International Business Park Coming Soon ) (±165,750 VPD WAY TOLL RTH AS NO DALL PARK BOULE V ARD (±80,000 VPD ) OFFERING MEMORANDUM 6320 W Plano Parkway | Plano, TX 75093 Hobby Lobby | Plano, TX ) VPD 750 Y (±165, LLWA H TO ORT AS N DALL International Business Park * EXCLUSIVELY PATRICK TOOMEY FVP, SENIOR DIRECTOR Y SHOPPING CENTERS A W DIRECT +1.310.919.5765 K MOBILE +1.310.403.4984 R [email protected] A P KYLE MATTHEWS O CHAIRMAN AND CEO DIRECT +1.919.5757 MOBILE +1.310.622.3161 PLAN [email protected] W BROKER OF RECORD Mark Cohen Mathews RetailDIRECT Advisors +1.972.991.9590 [email protected] *Under construction License No. 447509 2 Anticipated opening: August 2016 ™ Offering Memorandum WEST PLANO, TEXAS TABLE OF CONTENTS 4 EXECUTIVE SUMMARY 6 PROPERTY OVERVIEW 10 AREA OVERVIEW INVESTMENT HIGHLIGHTS SITE DESCRIPTION PLANO, TEXAS TENANT SUMMARY REGIONAL MAP DALLAS/FORT WORTH TENANT MAP TOP EMPLOYERS DEMOGRAPHICS DALLAS, TEXAS 18 FINANCIAL OVERVIEW 21 TENANT OVERVIEW LEASE ABSTRACT HOBBY LOBBY OVERVIEW Mathews Retail Advisors 3 Hobby Lobby | West Plano, TX *Representative Photo EXECUTIVE SUMMARY 4 Mathews Retail Advisors Offering Memorandum EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS List Price $12,000,000 • Net Lease – limited landlord responsibilities Gross Leasable Area 54,370 SF • Brand new construction, and new fifteen (15) year lease with increases every five (5) years CAP Rate - Current 5.50% • Located in a highly successful