DEVELOPMENT OPPORTUNITY in EXCELLENT LOCATION 0.954+/- Acres

Home , Downtown Dallas, Lake Cliff, Telecom Corridor

Grand Estates at Kessler Park 181, 753 VPD 338 Units Oaks at Trinity Trinity River 166 Units Lake Cliff Tower Oak Farms Dairy Methodist Dallas Lake Cliff Park Medical Center Novel Bishop Arts Apartments 302 Units WH Adamson High School Hector P. Garcia Middle School

Victor Prosper Apartments 216 Units

Felix Botello Elementary School Planned Deck JEFFERSON BLVD Park

N BECKLEY AVE

0.954+/- ACRES S STOREY ST 17, 175 VPD

Dallas Zoo

107,779 VPD N E 12TH ST

DEVELOPMENT OPPORTUNITY IN EXCELLENT LOCATION 0.954+/- Acres | Dallas Texas

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] 0.954+/- ACRES DALLAS, TEXAS

INVESTMENT OVERVIEW TAX INFORMATION

Property 0.954+/- Acres Taxing Entity Tax Rate

Location 213, 223 & 225 E 12th St, and 223 S Storey St Dallas, TX 75203 Dallas 0.7766

Access S Storey St & E 12th St Dallas ISD 1.310385

Utilities Available to the Site Dallas County 0.2531 Dallas Co Community College 0.124 Zoning MU-1: moderate density retail, office and/or multifamily residential Parkland Hospital 0.2695 Dallas County: 00000252796000000, 00000252799000000, Appraisal District Property ID 00000252808000000 2020 Total Tax Rate 2.733585

PRICE CHART

Asking Price $1,050,000

Asking Price per Square Foot $25.27

*Seller will entertain a potential Joint Venture

DEMOGRAPHICS ESTIMATED POPULATION (2018) ANNUAL GROWTH RATE (2018-2023) MEDIAN HOUSEHOLD INCOME MEDIAN HOME VALUE

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 2 0.954+/- ACRES DALLAS, TEXAS

0.954+/- ACRES N

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 3 0.954+/- ACRES DALLAS, TEXAS

JEFFERSON BLVD

S STOREY ST

0.954+/- ACRES

3,862 VPD

E 12TH ST

CUMBERLAND ST

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 4 0.954+/- ACRES DALLAS, TEXAS

CUMBERLAND ST

0.954+/- ACRES E 12TH ST

S STOREY ST

N 3,862 VPD

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 5 0.954+/- ACRES DALLAS, TEXAS

INVESTMENT HIGHLIGHTS

Excellent Location: The Property is in a rapidly redeveloping area of North Oak Cliff. Within this zone sits a diverse array of neighborhoods, including historic Jefferson Blvd (1 block away), Methodist Dallas Medical Center (1.5 miles), and the Bishop Arts District (0.9 Miles), which is home to over 60 boutiques, restaurants, bars, coffee shops, theaters, and art galleries. The Property is only 2 miles from Downtown Dallas, making it an ideal location for new development.

Immediate Income: The Property is ideally suited as a covered land play as it currently has a 1,248 SF Single Family Residence and an adjacent 3,092 SF garage with electric and plumbing on site which can be immediately rented out for commercial or residential purposes by a new investor.

Zoning: The Property is zoned MU-1 by City of Dallas Zoning: Allowing for moderate density retail, office, and/or multifamily residential uses in combination on single or contiguous building sites. Maximum dwelling unit density without mixed-use project is 15 units per Acre, Maximum dwelling unit density with 2 category mixed-use project is 20 units per Acre, and Maximum dwelling unit density with 3 category mixed-use project is 25 units per Acre.

Roadway Expansion: The Property is located off Interstate 35E in an area that is part of The Southern Gateway project which is a $666 million design-build construction project by the Texas Department of Transportation (TxDOT), aimed to rebuild and widen Interstate 35E (I-35E) south of downtown. The project also includes building structural elements and accommodations for the City of Dallas’ planned deck plaza between Ewing and Marsalis Avenues which will be located less than 0.3 miles from the Property.

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 6 0.954+/- ACRES DALLAS, TEXAS

INVESTMENT HIGHLIGHTS

TIF District: The Property is in an area of North Oak Cliff that falls within The Oak Cliff Gateway Tax Increment Financing (TIF) District. This represents an important opportunity for the City of Dallas to develop an attractive entry into the Oak Cliff area and to capitalize on the opportunities provided by the new Oak Cliff Trolley to connect downtown Dallas to key potential growth areas such as the neighborhood around Methodist Regional Medical Center, the Bishop Arts area, and the Jefferson Corridor. Budgeted Projects with the Sub-district include: Public Infrastructure Improvements including Streets, Streetscape, Water, Wastewater, Utility Burial, Façade Improvements, Environmental Remediation and Demolition, Pedestrian Linkages/Lighting, and Economic Development Grants.

Growing Dallas/Fort Worth Economy: Dallas/Fort Worth metro continues to be one of the strongest, well-diversified economies in the nation, experiencing exponential growth both in terms of population and jobs. According to the U.S. Census Bureau, the DFW metro was the fastest-growing metro in the United States in 2018, adding over 132,000 residents. Current population for DFW is estimated at 7.5 million people which ranks fourth in the nation and is projected to grow over 33% by 2030 to a population of nearly 10 million. As of November 2019, the DFW metro added 120,700 jobs year over year, which is a 3.2 percent increase from the previous year, significantly higher than the national rate of 1.5 percent during the same time period.

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 7 0.954+/- ACRES DALLAS, TEXAS

SURVEY

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 8 0.954+/- ACRES DALLAS, 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 • The DFW unemployment rate is an outstanding 4.4 percent as of March 2020. PRODUCT RATE POPULATION $613.4 Billion 4.4% 7.5 Million • 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. State Farm

• 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, Tenet Healthcare Corporation, Kohl’s, AT&T, Blue Cross and Blue Shield of Texas, USAA, Google, Amazon, 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 of DFW airport is $37 billion and is currently undergoing a terminal renewal and improvement program at cost of $2.7 billion. Toyota

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

The approximately 0.954-acre Site is located within the City of Dallas which is part of the Dallas-Fort Worth-Arlington Metropolitan Statistical Area (“DFW”). DFW encompasses 12 counties within the state of Texas, with the Site being in Dallas County. DFW has a population of 7.5 million, making it the largest population center in Texas, fourth largest in the U.S., and seventh largest in the Americas.

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 9 0.954+/- ACRES DALLAS, 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 corporate COMPANY NAME EMPLOYEES headquarters in the United States including 24 Fortune 500 companies. DFW also contains a large Information American Airlines Group Inc. 37,000 Technology industry base (often referred to as the Silicon Prairie or the Telecom Corridor), owing to the large number of corporate IT projects and the presence of numerous electronics, computing, and telecommunication firms such Walmart Stores Inc. 34,000 as Texas Instruments, HP Enterprise Services, Dell Services, Nokia, AT&T, Alcatel-Lucent, Ericsson, and Verizon in and Texas Health Resources 22,296 around Dallas. In addition, several major defense manufacturers, including Lockheed Martin, Bell Helicopter, Textron, Dallas Independent School District 19,740 and Raytheon, maintain significant operations in DFW. Uber has recently announced they will establish a new U.S. AT&T 17,000 General and Administrative Hub in Deep Ellum which will create 3,000 high-paying jobs with an estimated annual Baylor Scott & White Health 16,500 payroll of $400 million. The Kroger Co. 15,397 The Dallas-Fort Worth-Arlington MSA supports approximately 3.8 million jobs, making it one of the largest economic Lockheed Martin Corp. 14,350 centers in the nation. The MSA added 120,700 jobs year-over-year in November 2019, second in the nation in terms Medical City Healthcare 14,000 of both the number of jobs added as well as the annual rate of job growth which was 3.2 percent compared to the Bank of America 13,500 national average of 1.5 percent. The region’s business-friendly environment and low cost of living have made DFW extremely attractive to both employers and employees and helped fuel massive population and job growth over the City of Dallas 13,350 past several years with this trend expected to continue. University of Texas Southwestern Medical Center 13,048 JPMorgan Chase 12,676 AREA OVERVIEW Fort Worth Independent School District 12,000 Located southwest of downtown, the North Oak Cliff focus area includes Lake Cliff, Kidd Springs, historic Jefferson Parkland Health & Hospital System 9,968 Blvd., Methodist Dallas Medical Center, and the Bishop Arts District. Once an independent city just across the Trinity Source: Dallas Business Journal River and southwest of downtown, much of the city’s southern sector has come to be known by the name “Oak Cliff.” Within this zone sit a diverse array of neighborhoods, including the Bishop Arts District, which ishometo over 60 boutiques, restaurants, bars, coffee shops, theaters, and art galleries. This southwest suburban community of approximately 280,000 residents is proven ideal for lifestyles of all kinds. Families, corporate executives, young professionals, and seniors have all found a place to call home in Oak Cliff. Several major multi-lane freeways wind in and around Oak Cliff, offering convenient local and regional commuter travel. I-30 outlines the community’s northern edge, I-20 sits to the south, Loop 12/Spur 408 is found to the west, and I-45 traverses the eastern border. I-35, also known as the NAFTA (North American Free Trade Agreement) Highway, and U.S. Highway 67 bisect Oak Cliff, serving the area’s north-south traffic. Supplementing the highway network is a great system of major and minor local thoroughfares, which limit the number of traffic tie-ups in Oak Cliff. Wide-ranging growth in the area includes new investment in prominent single-family neighborhoods, high-quality multi-family, and an eclectic retail mix, making it the ideal location for new development.

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 10 0.954+/- ACRES DALLAS, TEXAS

TRANSPORTATION

Air: DFW International Airport, located approximately 21 miles northwest of the Site, is the fourth largest in the world in terms of operations and twelfth 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.

Highway: The Property is located southwest of the City of Dallas and DFW International Airport east of the City of Fort Worth. The main thoroughfare through the city is I-35 and connects with I-30, providing convenient access throughout DFW. Travel time from the Site to Downtown Dallas and Downtown Fort Worth is approximately 8 minutes and 35 minutes respectively.

Public Transit: Dallas Area Rapid Transit (DART) is the public transportation authority in the Dallas area which provides bus and light rail transportation throughout the Greater Dallas Area including to DFW International Airport and Dallas Love Field. Overall, DART moves more than 220,000 passengers per day across a 700-square- mile service area.

Trinity Metro, formerly known as the Fort Worth Transportation Authority or “The T,” is the public transportation authority in the Fort Worth Area which provides bus and light rail transportation. Trinity Metro annually provides nearly 10 million passenger trips on buses, van pools, and the Trinity Railway Express (TRE) commuter rail, which it jointly owns with Dallas Area Rapid Transit (DART).

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 11 0.954+/- ACRES DALLAS, TEXAS

DEMOGRAPHIC OVERVIEW | 1-MILE RADIUS Source: ESRI

POPULATION HOUSEHOLDS

1 Mile 30.3

21,552 2.76% 6,357 3.34 2018 Total Annual Growth Rate 2018 Median Households Average Household Population (2018-2023) Age Size

INCOME HOUSING STATS

$36,785 $15,439 $14,158 $126,976 $4,969 $690 Median Per Capita Median Median Average Spent on Median Household Income Net Worth Home Value Mortgage & Basics Contract Rent Income

ANNUAL HOUSEHOLD SPENDING EMPLOYMENT 200,000

150,000-199,999

100,000-149,999 37% White Collar 75,000-99,999 $1,398 $102 $2,386 50,000-74,999 Apparel & Computers & Eating Out 8.1% 35,000-49,999 43% Services Hardware 25,000-34,999 Blue Collar HOUSEHOLD INCOME

15,000-24,999 Unemployment 0-14,999 20% Rate $3,332 $3,310 Services 0 400 800 1,200 Groceries Healthcare NUMBER OF HOUSEHOLDS

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 12 0.954+/- ACRES DALLAS, TEXAS

DEMOGRAPHIC OVERVIEW | 3-MILE RADIUS Source: ESRI

POPULATION HOUSEHOLDS

32.6 3 Mile 149,904 1.67% 45,926 3.07 2018 Total Annual Growth Rate 2018 Median Households Average Household Population (2018-2023) Age Size

INCOME HOUSING STATS

$45,391 $21,527 $26,475 $134,823 $6,540 $756 Median Per Capita Median Median Average Spent on Median Household Income Net Worth Home Value Mortgage & Basics Contract Rent Income

ANNUAL HOUSEHOLD SPENDING EMPLOYMENT 200,000

150,000-199,999

100,000-149,999 49% White Collar 75,000-99,999 $1,735 $129 $2,966 50,000-74,999 Apparel & Computers & Eating Out 7.5% 35,000-49,999 33% Services Hardware 25,000-34,999 Blue Collar HOUSEHOLD INCOME

15,000-24,999 Unemployment 0-14,999 18% Rate $4,086 $4,291 Services 0 2,000 4,000 6,000 8,000 Groceries Healthcare NUMBER OF HOUSEHOLDS

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 13 0.954+/- ACRES DALLAS, TEXAS

DEMOGRAPHIC OVERVIEW | 5-MILE RADIUS Source: ESRI

POPULATION HOUSEHOLDS

33.0

5 Mile 380,816 1.70% 139,247 2.62 2018 Total Annual Growth Rate 2018 Median Households Average Household Population (2018-2023) Age Size

INCOME HOUSING STATS

$50,089 $26,652 $23,587 $134,781 $6,700 $842 Median Per Capita Median Median Average Spent on Median Household Income Net Worth Home Value Mortgage & Basics Contract Rent Income

ANNUAL HOUSEHOLD SPENDING EMPLOYMENT 200,000

150,000-199,999

100,000-149,999 57% White Collar 75,000-99,999 $1,933 $148 $3,298 50,000-74,999 Apparel & Computers & Eating Out 6.3% 35,000-49,999 27% Services Hardware 25,000-34,999 Blue Collar HOUSEHOLD INCOME

15,000-24,999 Unemployment 0-14,999 16% Rate $4,535 $4,693 Services 0 10,000 20,000 Groceries Healthcare NUMBER OF HOUSEHOLDS

DEVELOPMENT OPPORTUNITY | DALLAS, TEXAS | 14 INFORMATION ABOUT BROKERAGE SERVICES Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (a client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH – INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: • that the owner will accept a price less than the written asking price; • that the buyer/tenant will pay a price greater than the price submitted in a written offer; and • any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duties and responsibilities to you, and your obligations under the representation agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.