RAW LAND FOR SALE IN BOOMING DALLAS SUBURB Frisco 11.30 ACRES 11.30 ACRES IN FRISCO, TEXAS RAW LAND

NEWMARK KNIGHT FRANK | OFFERING MEMORANDUM FOR MORE INFORMATION:

EVA HORTON Managing Director T 713.599.5188 [email protected] TABLE OF CONTENTS

I EXECUTIVE SUMMARY 3 - 4

II PROPERTY OVERVIEW 5 - 8

III MARKET OVERVIEW 9 - 14

OFFERING MEMORANDUM

EVA HORTON Managing Director T 713.599.5188 [email protected]

We obtained the information in this offering package from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. 2 INVESTMENT SUMMARY

Interest Offered: 100% Fee Simple

Offering Price: Contact Broker

Seller and Agent will assess the qualification of any party submitting a non-binding letter of intent in accordance with Seller’s objectives. In Offer Submission making this assessment, Seller will consider a number of factors Procedure: including, but not limited to, price, time frame of closing, and perceived ability of the party to complete the transaction.

All submissions must be faxed, emailed or hard copy delivered. Offer SW Corner of Parkwood Blvd and Ikea Drive Property Location: should be submitted in the form of a non-binding letter of intent and Frisco, TX should specify the following: Legal Description: ABS A0279 J ABEZ DEGMAN SURVEY, TRACT 30  Offering Price Property Size: 492,664 SF  Due Diligence Period Site Size: 11.31 AC  Closing Bid Deadline:  Earnest Money Deposit 2594740: 8.49 AC Property ID:  Contingencies (if any) 2594741: 2.82 AC  References R -6279-000-0300-1: 8.49 AC  Documentation of previously completed transactions Parcel Number: R -6279-000-0310-1: 2.82 AC  Sources of funds Property Type: Raw Land  Any other information having a direct bearing on investor’s ability to close the proposed transaction Zoning: BC – C1 PD: PD-25 SUP SUP000 EVA HORTON 17-08-57 Managing Director Ordinance Broker Contact: 88-03-05 T 713.599.5188 [email protected] Overlay District Network Node Design Overlay District Sub District Frisco Bridge/Stonebriar Design District

3 EXECUTIVE SUMMARY

Newmark Knight Frank’s Capital Market and Investment Sales team, as exclusive agent, is pleased to offer investors the rare opportunity to purchase 2 parcels of undeveloped commercial land, totaling 11.30 Acres of raw land in Frisco, Texas. The site is located in one of the fastest growing cities in Texas in a premier retail corridor popularly known as the “North Platinum Corridor.”

INVESTMENT HIGHLIGHTS

. 2 land parcels consisting of 11.31 AC (492,228 SF) vacant, undeveloped commercial land.

. Situated at the hard southwest corner of Parkwood Blvd and Ikea Drive.

. Outstanding location with high visibility off of high-trafficked major thoroughfares Parkwood Blvd, Hwy 121, and Dallas North Tollway/Dallas Pkwy, with convenient access to/from both streets as well as Ikea Drive.

. Located within Frisco/The Colony Submarket’s premiere retail corridor that features a diversified commercial market with high profile retail multi-tenanted developments, single-tenant NNN retailers, national hotel establishments, and sporting venues The Star and Dr. Pepper Ballpark.

. Positioned within Frisco’s “North Platinum Corridor,” one of the most dynamic development concentrations in the country boasting over $5 billion in recently completed, under construction or announced developments along the Dallas North Tollway from Hwy 121 to US 380.

. Close proximity to iconic North Dallas developments Stonebriar Centre and The Star, the World Corporate Headquarters and multi-use event center for the Dallas Cowboys, as well as high quality national credit tenants Rooms to Go, Ashley HomeStore, la Madeleine French Bakery & Café, Ethan Allen, and many more...

. Prime retail enclave, with over 5.6 million SF of existing retail within a mile.

. Positioned in strong and growing commercial submarket that features strong market rates and continuing development.

. Location near dense residential communities and development with population figures reaching nearly 304,666 people within a 5-mile radius of the Subject Property.

. Surrounding area is also characterized by residential pockets and multi-family housing complexes.

. Fairfield Inn & Suites recently opened in August of 2019 and Hyatt Regency Frisco set to open in 2020 are within a mile of the Subject Property, as well as a 220,000 SF class A office known as Legacy Town Center – Headquarters II.

4 PROPERTY OVERVIEW

PARCEL MAP

5 PROPERTY OVERVIEW

ZONING MAP Overlay Districts: Frisco Bridge/Stonebriar Design District District: Network Node Overlay District Sub-District: Frisco Bridge/Stonebriar Design District

Overlay Districts: 5B Mile Design District District: Network Node Overlay District Sub-District: 5B Mile Design District

Overlay Districts: City Centre Design District District: Network Node Overlay District Sub-District: City Center Design District

Overlay Districts: Frisco North Design District District: Network Node Overlay District Sub-District: Frisco/North Design District

6 AMENITY AERIAL

IMMEDIATE SURROUNDING AREA NORTH

Premier Work Nexius Comerica Center Spaces Solutions

UNT at Steakhouse Frisco Dr. Pepper AMLI Frisco Wildpitch Bar Crossing Ballpark AMLI at The and Grill Ballpark Hyatt Regency Under Construction Stonebriar Centre (2020)

Parking Lot Sunnyland Outdoor Living

Modani Furniture Frisco

7 AMENITY AERIAL

AREA OVERVIEW SOUTH

Legacy

Stonebriar Centre Granite Park Legacy West Development

Dr Pepper Ballpark Frisco Convention Dr Pepper Arena

Center Bridges Frisco

Hall Office Park

The Centre at Preston Ridge Duke Bridges III The Star in Frisco $1 billion | 91 Acres (Under Construction)

8 MARKET OVERVIEW

FRISCO, TX Located approximately 30 miles north of Dallas, the city of Frisco lays on the Collin and Denton counties. The bedroom community has been ranked the fastest-growing city, due to a low cost of living and proximity to high wage jobs within the Dallas-Fort Worth Metroplex. Population in the city is estimated to be approximately 281,324 with 103,727 households. The population is expected to see above average growth in the coming five-year period, with projections of 2.82% growth well above the U.S. projected 0.77%. The population within Frisco is well educated with approximately 60.6% of population 25 year and older with a bachelor’s degree or a graduate/professional degree. Major highways in the city include SH 289 and US 380 making for ease in transportation of logistics and workers into and out of the metroplex area. In 2017, The Dallas Cowboys opened their corporate headquarters and practice facility at The Ford Center at The Star, a 91 AC campus with office space and over 30 shops and restaurants. Known as “The Star District,” this popular site has attracted numerous families that want to experience a Dallas Cowboys themed campus. Due to Frisco’s strong diversified local economy, destination retail, entertainment, professional sports teams and recreation activity make Frisco an ideal city to do business.

COLLIN COUNTY, TX Founded in 1846, Collin County is named after Texas historical figure Collin McKinney. The Population in the county is estimated to be 939,600 making the county the seventh-most populous county in Texas. The economy within the county is primarily specialized in management, information and financial and insurance services. The county seat of Collin is McKinney, with other major cities including Plano, Fairview, and Frisco.

9 MARKET OVERVIEW

LOCATION HIGHLIGHTS

FRISCO ECONOMY OVERVIEW Given the high educational attainment that the majority of Frisco’s population holds, the dominant industries MAJOR EMPLOYERS in the city are high-skill oriented industries such as Healthcare, Professional/Scientific/Tech Services and Frisco ISD 6,190 Finance/Insurance. The result of this agglomeration of a high-skilled workforce within the market has resulted in a high-earning demographic with an average household income estimated to be $141,947. The T-Mobile 1500 major employers in the city include: The Frisco Independent School District, T-Mobile, Amerisource, Conifer Amerisource 1,100 Health Solutions and Baylor Medical Center to name a few. A potential driver of economic growth in the city is the announcement of autonomous vehicle ride-sharing pilot Drive.ai in the Frisco area. The six-month pilot City of Frisco 1,100 willSTRENGTHSprovide transportation•toLowpassengersemploymentwithinvolatilitya geofencedcomparedarea inwiththe citymoreandoilcould-reliantattracteconomiesfuture testingin Conifer Health Solutions 800 Texas and tech investment to the area. Baylor Medical Center 650 • Below-average business and living costs Mario Sinacola & Sons 600 • Improving migration patterns FRISCO/THE COLONY SUBMARKET OVERVIEW Centennial Medical Center 500 Oracle Corporation 500 TheWEAKNESSESoffice market within Frisco• Lowcurrentlyeducationalholdsattainmentapproximatelydespite8.3 BaylormillionUniversitysquare feet (SF) of inventory space, with 1.1 million square feet of vacant space. Vacancy within the market over the past three years has Collin College 450 • Aviation industry is struggling fluctuated between 12-17% and as of the third quarter was 13.8%. Leasing activity in the market increased in IKEA Frisco 400 the second quarter to 131 •KSF,Belowwhile-averageabsorptionper capitawas downincome3.14% at negative 52 KSF. Rental rates have been healthy and seen some growth resting at $32.70/SF full service gross. Currently there is 553,624 SF of space Randstadt Technologies 300 • Below-average concentration of prime working-age adults under construction with 210 KSF new spec development expected to deliver by year end at Frisco Station. Kenexa 300 Railhead Tower is also expected to deliver by late 2019, adding 250,000 SF of spec space, including a multi- Fiserv 300 family component, to the Frisco market. Recently, Keurig Dr Pepper relocated its headquarters from West Plano to The Star campus, where the company will occupy 350,000 SF of space. HCL Technologies 300 Market Street 300 The retail market in Frisco currently holds 9.4 MSF of inventory space with 426 KSF of vacant space. Retail has seen healthy activity with a roughly 20% increase in inventory since 2010. The submarket has 198 KSF currently under construction, with 226 KSF in deliveries over the last 12-month period. Currently, vacancy runs at 4.5%, the same as the market average. Absorption has decreased slightly but remains positive at 171 KSF. Rental rates remain strong at $32.17/SF triple net, well above the market average of $19.92/SF. The submarket has 198 KSF currently under construction, with 226 KSF in deliveries over the last 12-month period. There are currently plans for a mixed-use development in Far North Frisco on 2,544 acres which has the potential to shape the city’s retail market.

10 FRISCO’S CORRIDOR DESIGNING FRISCO’S NORTH PLATINUM CORRIDOR PLATINUM NORTH

11 FRISCO’S CORRIDOR

“ It’s (mixed-use development) very instrumental, in my mind, to attract companies today. You’re not in the middle of nowhere. You’re next to amenities, not only restaurants and retail and healthcare, but also availability of housing – all kind of housing. ”

Fehmi Karahan, The Karahan Companies, co- master development for 2.554-acres along DNT in Frisco; Legacy West Developer

These communities not only offer the “ ‘live,work,play’ environment that attracts today top talent, they also create value for surrounding homeowners and businesses by increasing property values, promoting walkability and offering new retail, entertainment and restaurant destinations. ” DESIGNING FRISCO’S

Craig Hall, developer, Hall Park

These (mixed-use) types of developments “ bring a lot of great value to the City of Frisco. It’s a high taxable value, which reduces the tax burden on our residents. But it’s also what a lot of these large employers are truly looking for. We have a NORTH PLATINUM CORRIDOR PLATINUM NORTH strategic focus to attract Fortune 100 companies, entrepreneurs, and many high paying jobs. ”

Mayor Jeff Cheney, City of Frisco

Impact of residential uses/ property tax values on Frisco Independent School District

Total Students

Tax dollars to FISD per student

SOURCE: FISD

12 MARKET OVERVIEW

AREA DEMOGRAPHICS

5 Mi 3 Mi 1 Mi

DEMOGRAPHIC SUMMARY 1-Mile 3-Mile 5-Mile 2019 Total Population 6,842 104,046 304,666

2024 Total Population Projection 8,598 121,588 344,765

Population Growth 2019-2024 4.67% 3.17% 2.50%

2019 Households 4,368 41,394 114,667

2024 Households Projection 5,477 48,450 129,935

2019 Median Household Income $76,625 $106,704 $108,590

2019 Average Household Income $99,488 $140,217 $142,193

13 MARKET OVERVIEW Avenue of the Stars

TRAFFIC COUNT MAP

#8 DallasTollway North

#6 #5 #4

#2

#7 #1

#3 121

Site Street / Cross Street Avg. Daily Volume Site Street / Cross Street Avg. Daily Volume

#1 Parkwood Dr / State Hwy 121 17,133 #5 Mall Road D / Mall Ring Rd 4,196

#2 Ikea Dr / Ave of the Stars 1,264 #6 Mall Road D / Ave of the Stars 2,270

#3 State Hwy 121 / Granite Pky 74,000 #7 State Hwy 121 / Mall Road C 18,368

#4 Parkwood Dr / Mall Road D 16,608 #8 Ave of the Stars / Hicks Blvd 1,453

14 Latin America Africa HOUSTON Canada Argentina Botswana 1700 Post Oak Blvd. Brazil Kenya 2 BLVD Place, Suite 250 Malawi Houston, TX 77056 Europe Colombia Nigeria 713.626.8888 Austria Costa Rica South Africa Belgium Dominican Republic Tanzania Czech Republic Uganda EVA HORTON France Peru Zambia Managing Director Germany Puerto Rico Zimbabwe T 713.599.5188 Ireland [email protected] Italy Asia-Pacific Middle East Netherlands Australia Poland Cambodia Portugal Romania Hong Kong Russia India Spain Indonesia Switzerland United Kingdom Malaysia New Zealand Philippines South Korea Taiwan Thailand