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15.6013 ACRE DEVELOPMENT OPPORTUNITY IN ROCKWALL, FOR SALE DEVELOPMENT OPPORTUNITY

Lake Ray Hubbard Rockwall The Harbor High School

Rainbow Lake Rockwall Market Center Rockwall Lake

Plaza at Rockwall

Rockwall Indoor Sports Expo Mims Road

205 Business Park

Rise Road HICKORY RIDGE Home Prices up to $275k

Rockwall Fire 15.6013 Acres Station #4

Springer Hwy 205 / Goliad StreetElementary School

Lofland Circle N

JORDAN CORTEZ JUSTIN TIDWELL MASON JOHN CHRIS LUSSIER Managing Principal Senior Director Director Director 214-556-1951 214-556-1955 214-556-1953 214-556-1954 [email protected] [email protected] [email protected] [email protected] 15.6013 ACRES | ROCKWALL, TEXAS

INVESTMENT OVERVIEW TAXING ENTITIES AND MILL RATES Property 15.6013 Acres (679,593 Square Feet)1 Taxing Authority 2020 Tax Rate Location Latitude: 32.890449 Longitude: -96.4364092 102 of Rockwall 0.3879 Asking Price $1,050,000 199 Rockwall 0.3250 Asking Price per Square Foot $1.55 901 Rockwall ISD 1.3500 Asking Price per Acre $67,302 Total 2.0629 Access State Highway 205, Lofland Circle, & Rise Drive Preliminary 2020 Assessed Value $1,000,000 Frontage Approximately 680 ft. on SH 205, 452 ft. on Per the Rockwall Central Appraisal District Lofland Cir., and 808 ft. on Rise Dr. DEMOGRAPHICS 0-1MI 0-3MI 0-5MI Zoning "C - Commercial District” Est. Population 6,467 34,184 77,756 "AG - Agricultural District" 5-Yr. Est. Population Growth 1.31% 2.41% 2.74% Appraisal District Property ID 11297 Avg. Household Income $79,857 $88,506 $101,293 1Acreage shown is per survey on page 5. 2Site does not have a physical address per the Rockwall Central Appraisal District. To locate the site use the address 3600 SH Median Value of 205, which is the portion of SH 205 in front of the site. Owner-Occupied $208,943 $288,498 $287,001 Housing Units Per Site To Do Business based on 2020 data

15.6013 Acres

DEVELOPMENT OPPORTUNITY | ROCKWALL, TEXAS | 2 15.6013 ACRES | ROCKWALL, TEXAS

INVESTMENT HIGHLIGHTS Excellent Location: The approximately 15.6 acre site (“Site”) is strategically 4-lane urban divided roadway with allowance for another expansion to 6-lanes. located 1.5 miles south of (“I-30”) off of State Highway 205 (“SH 205”) The Rockwall County Planning Consortium Report states that they will begin to (South Goliad Street) across from Springer Elementary in the rapidly growing City receive bids for the SH 205 expansion in November 2022. In addition to the SH 205 of Rockwall, which is located in Rockwall County, TX. Rockwall is ideally positioned expansion, John King Blvd. will be undergoing an extension from SH 205 further along the I-30 corridor, only 20.4 miles from the Central Business District, south to Horizon Rd., creating a major intersection 0.2 miles south of the Site which which has continued to see a tremendous volume of development in recent years should in-turn drive higher traffic counts in front of the Site. with numerous retailers/eateries, including , Walmart, , Target, Gloria's Latin Cuisine, On The Border Mexican Grill & Cantina, Saltgrass Growing Dallas/Fort Worth Economy: The Dallas/Fort Worth metro continues to Steak House, Sushi Box, The Oar House, and more. The Site is surrounded by be one of the strongest in the nation, experiencing exponential growth both in terms both established and new upper-end residential neighborhoods with homes ranging of population and jobs. According to the U.S. Census Bureau, the DFW metro from $230,000 to $399,000. The Site is also adjacent to the Rockwall Indoor Sports was the fastest-growing metro in the in 2019 adding over 117,000 Expo, a 100,000 square-foot facility for athletic and recreational activities, and is residents and added 126,000 jobs year over year as of February 2020. Current approximately 1.3 miles south of the planned Rockwall College and Career Academy population for DFW is estimated at 7.5 million people which ranks fourth in the located along John King that was opened in the Fall of 2018 and serves nation and is projected to grow over 33% by 2030 to a population of nearly 10 800 students per class period and 5600 duplicate students. million. Zoning: The Site currently has dual zoning with the majority of the Site zoned “AG - Agricultural District” and a portion at the intersection of Rise Road and SH 205 zoned “C - Commercial District” with a future planned land use of “Commercial/Retail” per the 2017 City of Rockwall Future Land Use comprehensive plan. The Commercial District zoning allows for the development of most commercial uses such as retail, office, medical, hotel, restaurants, as well as other uses. The Agriculture District zoning allows for single family dwellings on no more than ten acres and no less than one acre. A full list of permitted uses can be found in the City of Rockwall Unified Development Code in the Code of Ordinances Article 4 Section 1.1, as well as in our online data vault. The City of Rockwall indicated that they are open to modifying the existing zoning for the right development plan; the site lends itself to a variety of uses due to excellent demographics, proximity to I-30, and abundant linear frontage along SH 205.

Rise Road Population, Demographics, & Traffic Counts: Traffic counts along SH 205 are close to 14,947 per day. Average household income in Rockwall is $111,413 while 15.6013 Acres the median home values top $256,061 within a 3-mile radius of the Site. From 2010 Lofland Circle to 2019 Rockwall population grew 20.5 percent to a total population of 47,436 and is projected to grow an additional 12.51 percent by 2024 to reach a population of 53,370.

Highway Expansion: The SH 205-Phase III expansion is a $135 million construction Hwy 205 / Goliad Street project that will widen the road just north of the Site to US 80 from a 2-lane to a

DEVELOPMENT OPPORTUNITY | ROCKWALL, TEXAS | 3 15.6013 ACRES | ROCKWALL, TEXAS

Utley Middle School

Lakeside Baylor Emergency Honda Cars Chevrolet Medical Center of Rockwall Southwest Kia Rockwall Ford Clay Cooley Hyundai of Rockwall Toyota of Rockwall Fenton Nissan of Rockwall Jones MEADOWCREEK ESTATES Elementary Home Prices up to $275k School Plaza at Rockwall

HICKORY RIDGE Rockwall Home Prices up College and to $275k Career Academy

Rockwall Fire Station #4 John King Blvd Mims Road Springer Elementary School 205 Business Park

Hwy 205 / Goliad Street

Rise Road Rockwall Indoor 15.6013 Acres Sports Expo

Lofland Circle

N

DEVELOPMENT OPPORTUNITY | ROCKWALL, TEXAS | 4 15.6013 ACRES | ROCKWALL, TEXAS

DEVELOPMENT OPPORTUNITY | ROCKWALL, TEXAS | 5 15.6013 ACRES | ROCKWALL, TEXAS

AREA OVERVIEW Conveniently located along Interstate 30, Rockwall has experienced significant population growth over the past several years as the Dallas/ Lake Ray Hubbard Fort Worth Metroplex continues to experience rapid expansion. Rockwall is located approximately 30 minutes northeast of and is ideally situated along the east side of Lake Ray Hubbard. Despite its close proximity to Dallas Rockwall maintains a charming and relaxed atmosphere, complete with friendly communities and highly-rated schools.

Residents enjoy a number of local attractions and events that include the following:

Lake Ray Hubbard – Spanning 22,000 acres, Lake Ray Hubbard is one of the largest lakes in the DFW metro. The lake is a well-known destination for fishing, water skiing, and boating. There are also several parks and beaches around the perimeter, perfect for hiking, biking, or other outdoor activities.

The Harbor Rockwall – This premier mixed-use development features numerous boutique shops, restaurants, and Class A offices, in addition to a splash pad, fountains and docks to park boats while enjoying dinner. This highly-visible development can be seen when crossing over Lake Ray Hubbard on I-30. A glamorous Hilton hotel and a Cinemark Theater can also be found nearby.

Rockwall Indoor Sports Expo – The 100,000-square-foot facility located along Highway 205 adjacent to the Site provides facilities for a variety of The Harbor athletic and recreational activities, including playing fields and courts, a tiered viewing area for spectators and a food court. The facility caters to leagues and tournaments, special events, and open play for children and adults. Rockwall City Hall The City of Rockwall has an estimated population of 47,436 as of 2019, having grown 25.8 percent since 2010 and 125 percent since 2000. The median household income within the City of Rockwall is $96,663, and new home prices within close proximity of the Site range from $230k to $399k. Rockwall County has a population of 104,229 as of 2019, a 24.8 percent increase since 2010, making it one of the fastest growing counties in the state.

DEVELOPMENT OPPORTUNITY | ROCKWALL, TEXAS | 6 15.6013 ACRES | ROCKWALL, TEXAS

DFW HIGHLIGHTS

• The DFW area has a well-diversified economy that ranks fourth in the nation with an estimated 2019 Gross Metropolitan Product (GMP) of $613.4 billion. GROSS METROPOLITAN DFW UNEMPLOYMENT DFW ESTIMATED PRODUCT RATE POPULATION • The DFW unemployment rate is an outstanding 4.4 percent as of March $613.4 Billion 4.4% 7.5 Million 2020. Dallas • The DFW metro has an estimated population of 7.5 million people which ranks fourth in the nation among metro areas and is projected to grow to a population of nearly 10 million by 2030.

• Twenty-four Fortune 500 companies are headquartered in DFW, ranking third most in the nation.

• The metro area has experienced a substantial amount of corporate relocations and expansions in the past several years from firms such as: State Farm Insurance, Toyota Motor Co., Omnitracs, Santander Consumer USA, Corporation, Kohl’s, AT&T, Blue Cross and Blue Shield of Texas, USAA, Google, , McKesson, and Top Golf.

• DFW Airport is the fourth busiest in the world in terms of operations and twelfth largest in terms of passengers. The total estimated economic output Fort Worth of DFW airport is $37 billion and is currently undergoing a terminal renewal and improvement program at cost of $2.7 billion.

• Recent rankings and awards received by DFW include the following: #1 in the country in Total Job Growth, #5 Best Performing , and #13 Most Innovative Cities in the World.

The Site is located in the City of Rockwall and Rockwall County, Texas, which is in turn part of the Dallas-Fort Worth-Arlington Metropolitan Statistical Area (“DFW”). DFW encompasses 12 counties in , with the Site being in Rockwall County. DFW has a population of 7.5 million, making it the fourth largest population center in the country.

DEVELOPMENT OPPORTUNITY | ROCKWALL, TEXAS | 7 15.6013 ACRES | ROCKWALL, TEXAS

ECONOMIC OVERVIEW DALLAS/FORT WORTH MAJOR EMPLOYERS

DFW has the fourth largest economy in the nation among MSAs and has one of the highest concentrations of COMPANY NAME EMPLOYEES corporate headquarters in the United States including twenty-four Fortune 500 companies. DFW also contains Group Inc. 33,000 a large Information Technology industry base (often referred to as the or the ), Baylor Scott & White Health 24,088 owing to the large number of corporate IT projects and the presence of numerous electronics, computing, and telecommunication firms such as , HP Enterprise Services, Dell Services, , AT&T, Lockheed Martin Corp. 20,500 University of Texas Southwestern Alcatel-Lucent, , and Verizon in and around Dallas. In addition, several major defense manufacturers, 18,666 Medical Center including Lockheed Martin, Bell Helicopter, Textron, and Raytheon, maintain significant operations in DFW. Medical City Healthcare 17,000 Uber has recently announced they will establish a new U.S. General and Administrative Hub in Deep Ellum AT&T 15,000 which will create 3,000 high-paying jobs with an estimated annual payroll of $400 million. Parkland Health & Hospital System 12,857 The Dallas-Fort Worth-Arlington MSA supports approximately 3.8 million jobs, making it one of the largest JPMorgan Chase 12,400 economic centers in the nation. The MSA added 126,000 jobs year-over-year in February 2020, first in the Co. 10,694 nation in terms of both the number of jobs added as well as the annual rate of job growth which was 3.4 percent compared to the national average of 1.6 percent. The region’s business-friendly environment and low State Farm 9,400 cost of living have made DFW extremely attractive to both employers and employees and helped fuel massive L3 Technologies 8,000 population and job growth over the past several years with this trend expected to continue. Raytheon 7,800 Children’s Health 7,672 Methodist Health System 7,600 Pepsico 6,500 Source: Dallas Business Journal

DEVELOPMENT OPPORTUNITY | ROCKWALL, TEXAS | 8 15.6013 ACRES | ROCKWALL, TEXAS

TRANSPORTATION Air DFW Airport DFW International Airport, located approximately 20 miles from the Site, is the fourth largest in the world in terms of operations and 11th largest in terms of passengers. The total estimated economic output of DFW Airport is $37 billion and it served over 69 million passengers in 2018. American Airlines’ corporate headquarters is in Fort Worth while its main operational hub is at DFW International Airport.

Highways The Property is situated in Rockwall, Texas, northeast of the City of Dallas. Interstate 30 and Highway 66 provide east-west connectivity in Rockwall, with both roads providing access over Lake Ray Hubbard and connecting Rockwall to the neighboring city of Rowlett to the west and Fate to the east. North-south connectivity in Rockwall is provided by John King Boulevard and State Highway 205. The Site is located along State Highway 205, approximately 1.5 miles south of Interstate 30. Travel time from the Site to Downtown Dallas is approximately 30 minutes. DART

Public Transit STAR Transit offers bus transportation service, available upon request, within Rockwall and Kaufman Counties, as well as the city limits of Mesquite, Seagoville, and Balch Springs. STAR also offers Fixed-Route bus transportation from stops in Mesquite, Seagoville, and Balch Springs, all of which connect to the Dallas Area (DART) Green Line, which provides public transportation throughout the Greater Dallas Area via and buses.

DEVELOPMENT OPPORTUNITY | ROCKWALL, TEXAS | 9 15.6013 ACRES | ROCKWALL, TEXAS

DEMOGRAPHIC OVERVIEW - 1 MILE RADIUS FROM SITE

DEVELOPMENT OPPORTUNITY | ROCKWALL, TEXAS | 10 15.6013 ACRES | ROCKWALL, TEXAS

DEMOGRAPHIC OVERVIEW - 3 MILE RADIUS FROM SITE

DEVELOPMENT OPPORTUNITY | ROCKWALL, TEXAS | 11 15.6013 ACRES | ROCKWALL, TEXAS

DEMOGRAPHIC OVERVIEW - 5 MILE RADIUS FROM SITE

DEVELOPMENT OPPORTUNITY | ROCKWALL, TEXAS | 12 JORDAN CORTEZ JUSTIN TIDWELL MASON JOHN CHRIS LUSSIER Managing Principal Senior Director Director Director 214-556-1951 214-556-1955 214-556-1953 214-556-1954 [email protected] [email protected] [email protected] [email protected]