LAKELINE LAND OFFERING MEMORANDUM | AUSTIN, TEXAS 3.94 Acres - Adjacent to Lakeline Mall Lake Line | Austin, Tx
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. VD BL NE ELI LAK S R. L D AL E M LIN KE 3.94 AC LA . P D E V L C B A N E N P I A L R E K G D B I L R V D D . LAKELINE MALL 1,097,799 SF LAKELINE LAND OFFERING MEMORANDUM | AUSTIN, TEXAS 3.94 Acres - Adjacent to Lakeline Mall Lake Line | Austin, Tx EXECUTIVE SUMMARY . LVD E B LIN AKE JLL is pleased to offer the unique opportunity to purchase Lakeline Land (the “Property” S L or the “Site”), 3.94 acres of raw land in Austin, Texas. Situated at the northwest corner of US-183 and FM-620, the Property offers convenient access to the adjacent Lakeline Mall and nearby Capital Metro Lakeline Station. Additionally, the Property is centrally located to major employers, rapidly growing residential areas, and significant business and retail R. centers across the city. L D AL E M Lakeline Land’s prime location along Austin’s path of northern growth provides quick LIN KE access to the western hill country, northern suburbs, and a major highway leading 3.4 AC LA directly into the heart of Austin. Situated north of booming central Austin and just south of some of the fastest growing suburbs in America, the Property’s location is one of the best in the Greater Austin area. Popular surrounding retail includes H-E-B plus!, Wal-Mart . P D E V Supercenter, Chick-fil-A, and the Austin Aquarium. The surrounding submarkets remain L C B A N some of the preferred destinations for major corporations in technology, engineering, E N P I financial services and more, further highlighting the Property’s prime location. A L FURNITURE GALLERY R E K G D B I L R V D D . LAKELINE MALL . PROPERTY SUMMARY 1,097,799 SF LOCATION 11225 Pecan Park Austin, TX 78750 PARCEL # R-16-4325-000A-001 SITE AREA 3.94 Acres COUNTY/CITY/STATE Travis/Austin/Texas CURRENT ZONING CH - Commercial Highway PERMITTED USES Commercial, Office, Retail, Residential JLL | 3 . VD BL NE ELI LAK S R. L D AL E M LIN KE 3.4 AC LA . P D E V L C B A N E N P I A L FURNITURE GALLERY R E K G D B I L R V D D . LAKELINE MALL . 1,097,799 SF Lake Line | Austin, Tx LAKE TRAVIS INVESTMENT HIGHLIGHTS DRIVE TIMES The Domain 16 MIN GREAT HILLS COUNTRY CLUB & CBD 24 MIN GOLF COURSE IRREPLACEABLE LOCATION AND CONNECTIVITY Lakeline Land enjoys exceptional access to major thoroughfares including US ANDERSON MILL Highway 183, State Highway 45, Parmer Lane, and MoPac Expressway (Loop 1), providing superior access to nearby high growth suburban communities which provide a strong employee base. L C Me Festival L Ceek Capital Metro’s Lakeline Station is within walking distance of the Property, HOBBY LOBBY ANDERSON BURLINGTON COAT offering tenants convenient access to the entire metro area on the 32-mile MILL FACTORY L Ceek ROSS commuter route connecting the rapidly growing Northwest suburbs to The L M VILLAGE S Cer HAVERTYS Domain, Central Austin, East Austin, and Austin’s Central Business District 140,000 VPD L Pa SAVERS The Property is proximate to surrounding retail and restaurants including major destinations such as Lakeline Mall, H-E-B anchored Lakeline Market, FAST EDDIES 1890 Ranch, The Parke, and La Frontera, which are all within a 10-minute drive WATERLOO Hte of the Property and provide an abundance of nearby shopping and dining BILLIARDS S Cer VE RI L Met destinations. D LL N LAKE A CREEK M PK NE WY LI THRIVING AUSTIN ECONOMY KE LA Austin remains one of the most vibrant cities in America due to its low cost Parkline of doing business, highly educated workforce and high quality of life that S Cer appeals to corporations and residents nationwide. Austin is one of the nation’s fastest growing metropolitan areas: led by record-setting population LVD growth (19.8% from 2010-2016) and employment growth (146,200 jobs added E B LIN 2013-2017). AKE L ULI ranked Austin as the “#1 City for Real Estate Investment” in 2017 and the “#2 City for Real Estate Investment in 2018.” Forbes also awarded Austin both the “Fastest Growing City in the Country” and among the “Top Five Best Cities for New Jobs” four years in a row, with an impressive 151 people moving to the city per day. L Station 10 M Walk) JLL | 5 LAKE TRAVIS GREAT HILLS COUNTRY CLUB & GOLF COURSE ANDERSON MILL L C Me HOBBY LOBBY Festival L Ceek ANDERSON BURLINGTON COAT MILL FACTORY L Ceek ROSS L M DEMOGRAPHICS VILLAGE S Cer HAVERTYS 140,000 VPD L Pa SAVERS LAKELINE LAND POPULATION FAST EDDIES 2019 Estimate 11,808 104,576 214,244 WATERLOO Hte BILLIARDS S Cer VE RI L Met % Change 2010 D 72% 20% 20% LL to 2019 N LAKE A CREEK M PK NE WY LI AFFLUENCE & EDUCATION KE LA Parkline 2019 Average $83,989 $108,437 $116,895 S Cer Household Income D BLV HOUSING & HOUSEHOLDS INE KEL LA 2019 Average $283,285 $304,966 $329,329 Housing Value L Station 10 M Walk) Lake Line | Austin, Tx ROUND ROCK CEDAR PARK 183 NORTHWEST CORRIDOR NEW APPLE CAMPUS TECH RIDGE LAKE TRAVIS THE DOMAIN APPLE CAMPUS LOOP 360 AUSTIN CORRIDOR CENTRAL BUSINESS DISTRICT ORACLE CAMPUS JLL | 7 INVESTMENT HIGHLIGHTS CLOSE PROXIMITY TO MAJOR EMPLOYERS Lakeline Land is positioned near some of 183 Corridor’s largest employers. The Property is located just northwest of an existing 7,000 employee Apple campus. The world’s largest tech company also has plans to increase its footprint in Austin by constructing a $1 billion, 133-acre campus just a mile from its existing site and a few miles from the Property. The new campus is set to accommodate 15,000 employees in its final phase, with an initial 5,000 employees set to move-in as early as late 2021. Nearby, Fortune Global 500 company Accenture operates a 2,700-employee campus, making “Austin’s Top 30 Largest Employers List,” according to the Austin Chamber of Commerce. Other large Austin tech APPLE CAMPUS employers on the list, with nearby campuses, include Oracle and National Instruments, each employing approximately 2,500 employees throughout the Austin area. With the presence of these major tech corporations in addition to local startups, the surrounding northwest corridor has been nicknamed “Austin’s Tech & Startup Corridor” and continues to attract additional growing companies. Other notable nearby employers in the 183 Corridor include Visa, Cisco, PayPal, Electronic Arts, and Activision, all contributing to Austin’s nickname “Silicon Hills.” NOTABLE NEARBY EMPLOYERS ORACLE CAMPUS Lake Line | Austin, Tx LEANDER STATION CAPITAL METRO’S LOCATION OVERVIEW RAIL LINE Northwest Austin is a preferred location for businesses, residents and visitors; offering diverse employment opportunities and exceptional amenities. Set in Austin’s path of growth north, Lakeline Land boasts many appealing qualities, including: CEDAR PARK ROUND ROCK LAKELINE LAND Convenient Proximity to Growing Location within Highly Educated Desirable Shopping Highway Accessibility Residential Areas Austin’s High-Tech Corridor Workforce & Restaurant Destinations LAELINE STATION LAKELINE MALL CONVENIENT ACCESSIBILITY Northwest Austin offers an extensive transportation network of new and expanded roadways, including US 183/183A, HOWARD MoPac (Loop 1), State Highway 45, and FM 620. Lakeline Land is along Lakeline Blvd, near the intersection of SH-45 and US 183, two thoroughfares that afford excellent access to growing residential areas such as Cedar Park, Leander, Georgetown, and Round Rock. CAPITAL METRO RAMER/THE DOMAIN “Capital Metro connects people, jobs, and communities by providing quality transportation choices.” LAKE TRAVIS THE ARBORETUM Capital Metro’s Lakeline Station is one of the nine stops along the Metrorail red line, a 32-mile commuter route connecting the rapidly growing Northwest sector of the region to The Domain, Central Austin, and Austin’s CBD. Lakeline Station features transit ridership from Cedar Park, and nearby towns including Liberty Hill, Bertram, Georgetown, Round Rock, 360 and Leander. CRESTVIEW BOOMING RESIDENTIAL AREAS HIGHLAND Lakeline Land sits adjacent to several of Austin’s most desirable and fastest growing communities, including the cities of Cedar Park, Round Rock, Leander, and Georgetown each ranging from a 10-30-minute drive from the Property. Due to its AUSTIN heavily wooded terrain and abundant lakes, Northwest Austin is one of the premier residential areas in the region. This area features some of the most sought-after residential neighborhoods in Austin, including developments such as Avery Ranch, Ashton Woods, Twin Creeks, Bella Vista, and Crystal Falls. UNIVERSITY OF TEXAS 360 ML R. DOWNTOWN PLAZA SALTILLO JLL | 9 LEANDER STATION CAPITAL METRO’S RAIL LINE TECHNOLOGY CORRIDOR The Northwest submarket is the hub of Austin’s high-tech sector, making it one of the most attractive corporate locations in the region. Ranging from software to biotechnology, advanced manufacturing to clean tech, Austin is home to more than 4,400 technology companies and over 120,000 technology employees. Apple’s $1 billion expansion announcement, along with its completed $300 million expansion just south of Lakeline Land, has bolstered the local technology sector, and dozens of other firms have recently announced efforts to relocate CEDAR PARK ROUND ROCK or expand their operations in the Austin area. Apple, Oracle, Accenture, and LAKELINE LAND National Instruments are each a short 15-minute drive from the Property. Additionally, large multinational corporations including Dell, GM, IBM, Amazon, LAELINE STATION and Google all maintain a significant tech presence in Northwest Austin. LAKELINE MALL HIGHLY EDUCATED WORKFORCE Austin has one of the most highly educated populations in the country, with HOWARD more than 40% of residents holding a bachelor’s degree.