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 MICHAEL REED Managing Principal Senior Director Director Director Associate 214-556-1951 214-556-1955 214-556-1953 214-556-1954 214-556-1952 [email protected] [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 2019 Tax Rate Location Latitude: 32.890449 Longitude: -96.4364092 102 City of Rockwall 0.3879 Asking Price $1,350,000 199 Rockwall County 0.3250 Asking Price per Square Foot $1.99 901 Rockwall ISD 1.3500 Asking Price per Acre $86,531 Total 2.0629 Access State Highway 205, Lofland Circle, & Rise Drive Per the Rockwall Central Appraisal District Frontage Approximately 600 ft. on SH 205, 400 ft. on DEMOGRAPHICS 0-1MI 0-3MI 0-5MI Lofland Cir., and 800 ft. on Rise Dr. Est. Population 6,457 32,819 74,880 Zoning "C - Commercial District” 5-Yr. Est. Population Growth 1.60% 2.30% 3.03% "AG - Agricultural District" Avg. Household Income $81,932 $88,161 $98,093 Appraisal District Property ID 11297 1 2 Median Value of Acreage shown is per survey available in Site does not have a physical address per the Rockwall Central Owner-Occupied $186,323 $256,061 $261,850 the online data vault Appraisal District. To locate the site use the address 3600 SH 205, which is the portion of SH 205 in front of the site. Housing Units Per Site To Do Business based on 2018 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 located Highway Expansion: The SH 205-Phase III expansion is a $135 million 1.5 miles south of Interstate 30 (“I-30”) off of State Highway 205 (“SH 205”) (South construction project that will widen the road just north of the Site to US 80 from Goliad Street) across from Springer Elementary in the rapidly growing City of Rockwall, a 2-lane to a 4-lane urban divided roadway with allowance for another expansion which is located in Rockwall County, TX. The Site has approximately 600 feet of to 6-lanes. The Rockwall County Planning Consortium Report states that they will frontage along SH 205, one of the main north-south thoroughfares in Rockwall, and begin to receive bids for the SH 205 expansion in November 2022. In addition to has two other access points from Rise Road and Lofland Circle. Rockwall is ideally the SH 205 expansion, John King Blvd. will be undergoing an extension from SH positioned along the I-30 corridor, only 20.4 miles from the Central Business 205 further south to Horizon Rd., creating a major intersection 0.2 miles south of District, which has continued to see a tremendous volume of development in recent the Site which should in-turn drive higher traffic counts in front of the Site. years with numerous retailers/eateries, including Costco, Walmart, The Home Depot, Target, Gloria's Latin Cuisine, On The Border Mexican Grill & Cantina, Saltgrass Growing Dallas/Fort Worth Economy: The Dallas/Fort Worth metro continues Steak House, Sushi Box, The Oar House, and more. The Site is surrounded by to be one of the strongest in the nation, experiencing exponential growth both in both established and new upper-end residential neighborhoods with homes ranging terms of population and jobs. The US Census Bureau reports that the DFW metro from $230,000 to $399,000. The Site is also adjacent to the Rockwall Indoor Sports is the largest gaining metropolitan area in the US, adding 132,000 residents in Expo, a 100,000 square-foot facility for athletic and recreational activities, and is 2018. Current population for the DFW Metroplex totals 7.5 million people which approximately 1.3 miles south of the planned Rockwall College and Career Academy ranks fourth in the nation among metro areas. The Bureau of Labor Statistics states located along John King Boulevard that was opened in the Fall of 2018 and serves that the DFW metro added 120,700 jobs from Nov. 2018 - Nov. 2019. The current 800 students per class period and 5600 duplicate students. unemployment rate is 3.3 percent as of August 2019, 40 basis points below the national average of 3.7 percent. 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 Rise Road SH 205. 15.6013 Acres Population, Demographics, & Traffic Counts: Traffic counts along SH 205 are Lofland Circle close to 14,947 per day. Average household income in Rockwall is $111,413 while the median home values top $256,061 within a 3-mile radius of the Site. From 2010 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. Hwy 205 / Goliad Street

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

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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,