For Sale FREIHEIT VILLAGE LOT 16 NEXT TO EVENT CENTER & TRU BY HILTON Lot 16 Freiheit Village, New Braunfels, TX 78130 Lot 16 1.48 AC PROPERTY HIGHLIGHTS Located near IH 35 in New Braunfels Part of a 56-Acre Mixed use Development Across from Resolute Health Hospital Mike Norris Executive Director (830)358.7802 miken@svn.com SVN Norris Commercial Group 373 S. Seguin Avenue, New Braunfels, TX 78130 (830)358.7800 SALE BROCHURE
PROPERTY INFORMATION FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX PROPERTY OVERVIEW SVN Norris Commercial Group welcomes you to Freiheit Village; a high density mixed-use development home to over 75,000 SF of total retail, over 80,000 SF of professional and medical office space, the 150 unit high-end Creekside Vue Apartments, a 90 room extended stay Hilton Homewood Suites, and a brand new 15,000 SF Event Center which will host corporate and social events. The inviting central park area is located in the heart of the development and features over half an acre of artificial turf for activities, natural limestone seating, and water features at each end. This site would be ideal for a hotel due to the circulation occurring with the Event Center on side, along with amenities located at the project. Retail and office spaces are also in high demand in and around Freiheit Village. SALE OVERVIEW Sale Price: $12.00 / SF Lot Size: 1.48 Acres Zoning: Mixed Use - Retail, Dining, Boutique Shops, etc. Market: New Braunfels LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 2
ADDITIONAL PHOTOS FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 3
PRICING & AVAILABILITY FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 4
AERIAL MAP FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 5
LOCATION MAP FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 6
CITY INFORMATION FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX Location: New Braunfels is located in the heart of the Central Texas Corridor, is part of the San Antonio MSA and is the county seat of Comal County. Population: New Braunfels population continues to grow at nearly 3 times the rate of Texas. Since 2003 New Braunfels has grown 77%, averaging over 4-5% a year. Such growth can be attributed to our location as well as a great quality of life that has access to good schools, jobs, healthcare, and recreational and entertainment opportunities. (Source 2017 Economic Benchmarks, New Braunfels EDC) Jobs: Seventy percent of jobs in New Braunfels are filled by employees commuting into the area, proving a larger and available labor shed is enjoyed by the community. Additionally, 68% of employed citizens commute outside the city for employment. Announced new primary jobs have averaged 922 per year since 2004. (Source 2017 Economic Benchmarks, New Braunfels EDC) City Property Valuation, City Tax Rate & Sales Tax Revenue: As of 2017 taxable value in New Braunfels is up nearly $4.7 Billion since 2003, an increase of 221%. The city tax rate is low to moderate for cities the size of New Braunfels. Sales tax revenues in New Braunfels have increased by 189% since 2003. Sales tax revenue is the largest local revenue source for city government services. Each year, more than 2 million visitors come to New Braunfels to explore the shopping and recreational activities available in our area. (Source 2017 Economic Benchmarks, New Braunfels EDC) Retail Trade Area IH 35 Corridor of New Braunfels: The Retail Trade Area for 2017 was estimated to have a population of 180,684 with an estimated average household income of $80,073. The Retail Trade Area for the IH 35 Corridor of New Braunfels is projected to have a population of 198,708 in 2020. (Source Retail Coach) Retail Potential for the New Braunfels trade area: The Retail Potential for Food & Beverage Service (445) was reported to be $220,868,874; for Health & Personal Care Stores (446) $100,532,151; for Foodservice & Drinking Places (722) $99,156,560: and for Clothing & Clothing Accessories (448) $81,341,495. LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 7
DEMOGRAPHICS FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 8
DEMOGRAPHICS FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX PROPERTY ADDRESS NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 8 LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 9 All SVN Offices independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
EDC FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 10
POPULATION FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 11
JOBS FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 12
SALES TAX FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 13
DISCLAIMER FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 14
ADVISOR BIO FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX PROFESSIONAL BACKGROUND Mike Norris has been actively involved in the areas real estate markets since 1973 and is the Executive Director of SVN Norris Commercial Group. His focus, in addition to working with the team of Advisors, is on the development and sale of commercial real estate. Actively involved in the community, Mike is both a founder and officer of the Greater New Braunfels Economic Development Foundation and continues to serve in various capacities on boards, commissions, and committees for both city and county governments. Mike is also a current member of the Greater New Braunfels Chamber of Commerce and is active in Saints Peter and Paul Catholic Church. MIKE NORRIS Executive Director Mike served his country as a Navy Officer from 1968 to 1973, after graduating from Texas A&M University with a degree in Marketing, and while in the Navy earned a Master of Business Degree (MBA) from the University of Utah. 373 S. Seguin Avenue New Braunfels, TX 78130 O: 830.358.7802 miken@svn.com LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 15
IABS FREIHEIT VILLAGE LOT 16 NEAR EVENT CENTER & TRU BY HILTON NEW BRAUNFELS, TX LOT 16 FREIHEIT VILLAGE NEW BRAUNFELS, TX 78130 SVN Norris Commercial Group Page 11