Holliday Fenoglio Fowler, L.P. ( HFF ), is pleased to extend to qualified investors the opportunity to acquire Sylvan Thirty (the Property ), a grocery anchored, experiential retail asset in the heart of West Dallas. Lauded as Dallas next modern urban district, West Dallas is home to other highly successful retail developments such as Bishop Arts District and Trinity Groves and is home to the future $600 million Harold Simmons Park along the Trinity River. Sylvan Thirty is connected to the Lofts at Sylvan Thirty, a Class A apartment complex with 201 units, making the Property a dynamic mixeduse environment. Sylvan Thirty is anchored by Cox Farms Market, named Best Independent Grocery for 2018 by the Dallas Observer and is home to many other highly successful boutique dining and shopping destinations. The Property was built in 2014 by renowed Texas architect Lake Flato, a former American Institute of Architects Firm of the Year award winner, giving the Property a modern appearance suitable for the thriving neighborhood it is located in. The acquisition of Sylvan Thirty would allow an investor to acquire a once-in-a-generation retail asset that serves as one of West Dallas s primary consumer destinations and catalysts for growth. 2
47,539 80% 2014 367,906 SQUARE FEET LEASED YEAR BUILT 5-MILE POPULATION 3
4 INVESTMENT HIGHLIGHTS GROCERY ANCHORED, MIXED-USE ASSET Anchored by Cox Farms Market, named by Dallas Observer as the city s best independent grocer Location adjacent to Lofts at Sylvan Thirty provides built-in customer base for retailers Flexible, modern space configurations make Sylvan Thirty highly attractive and adaptable in today s rapidly changing retail world IRREPLACEABLE EXPERIENCE VIA INTERNET-RESISTANT, BOUTIQUE TENANCY Tenancy has been highly curated with an emphasis on servicebased retailers and restaurants, rendering Sylvan Thirty an experiential retail asset that is impossible to replicate Average tenant sales in excess of $400 PSF with food tenants in excess of $1,000 PSF
DOORSTEP OF KESSLER PARK Located adjacent to the highly affluent and historic Kessler Park neighborhood (avg. home list price of $700,000), Sylvan Thirty is in the epicenter of Dallas rapidly evolving urban revival Exposure to 157,000 VPD on neighboring streets (I-30 and Sylvan Ave.) LESS THAN TWO MILES FROM UPTOWN AND DOWNTOWN DALLAS Sylvan Thirty is ideally positioned to capitalize on affluent demographics in Dallas / Fort Worth s most densely populated area 200,000 daytime employees in Uptown & Downtown Dallas RAPIDLY EVOLVING DEMOGRAPHICS As more than $1 billion of public and private investments pour into the area, Sylvan Thirty s immediate vicinity will continue to undergo a massive positive shift 3-MILE DEMOGRAPHICS Population (2018) 132,772 Population (2022) 142,350 % Growth (2018-2022) 8.90% Average HH Income $80,111 Median Age 33
UPTOWN DALLAS THE CEDARS MARGARET HUNT HILL BRIDGE MARGARET MCDERMOTT BRIDGE HAROLD SIMMONS PARK ($600M Development) CYPRESS AT TRINITY GROVES APARTMENTS BROADSTONE LTD APARTMENTS PIKE WEST COMMERCE APARTMENTS ALEXAN WEST DALLAS APARTMENTS OAK FARMS DAIRY PROPOSED MIXED-USE REDEVELOPMENT ALTA YORKTOWN APARTMENTS MAGNOLIA OFF SYLVAN APARTMENTS KESSLER PARK Average Home List Price of $700,000 HOME VALUES OF $1 MILLION+ LOFTS AT SYLVAN THIRTY 30 7-Eleven Flagship Store (Under Construction) 6
WEST DALLAS DFW S NEWEST URBAN DISTRICT CATALYST FOR WEST DALLAS GROWTH ALONGSIDE TRINITY GROVES AND BISHOP ARTS DISTRICT Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas major economic and population growth in recent years $30M IN CITY OF DALLAS INFRASTRUCTURE INVESTMENT IN WEST DALLAS The City of Dallas is in the midst of a major capital project that will bring $30 million of roadway, water, wastewater, and stormwater drainage improvements to West Dallas $1B IN NEW PRIVATE DEVELOPMENT IN WEST DALLAS; 15,000 APARTMENT UNITS AT FULL BUILDOUT Major single family and apartment developers such as Lincoln Property Company, Alliance Residential, Crescent Communities, and Wood Partners are making major investments in the continued growth of the West Dallas area DOWNTOWN PERIPHERAL URBAN DISTRICT AKIN TO THE CEDARS, DEEP ELLUM, KNOX/UPTOWN, AND DESIGN DISTRICT Live/work/play environment and boutique retail attractions allow West Dallas to thrive as one of intown Dallas most unique urban districts 7
DALLAS, TEXAS ULI S #1 CITY FOR REAL ESTATE INVESTMENT FOR 2019 3.6% UNEMPLOYMENT RATE, BELOW NATIONAL AVERAGE FROM 2018 TO 2022, THE DALLAS / FORT WORTH MSA IS EXPECTED TO RANK FIRST IN POPULATION GROWTH AND SECOND IN JOB GROWTH ACCORDING TO OXFORD ECONOMICS DFW S DIVERSE & ROBUST ECONOMY LED THE NATION IN JOB CREATION FOR 2016 & 2017 8 NO. 1 ECONOMIC CLIMATE IN THE UNITED STATES (FORBES) DFW WAS RANKED #1 OF ULI S EMERGING TRENDS TOP MARKETS TO WATCH IN 2019
22,000+ VPD F200 F250 SYLVAN AVE BUILDING F SECOND FLOOR FORT WORTH AVE C150 C120 C100 D150 D100 E150 E100 E120 F140 F120 F100 F150 G120 B100 G150 G100 A100 30 TOM LANDRY FWY - 135,000+ VPD H100 H110 H120 H130 H140 H300 BUILDING TENANT SPACE SF BUILDING H H120 Available 1,024 H140 Craft Salon 3,557 H300 Apartment Leasing 3,479 H130 Available 1,355 H110 Arnold Brothers Cleaners 700 H100 Available 1,616 TOTAL 11,731 BUILDING A A100 Origins Bank 2,649 TOTAL 2,649 BUILDING BC C100 Banh Mi Station 1,440 C120 Available 1,660 C150 AT&T 2,651 B100 Vernacular 1,292 TOTAL 7,043 BUILDING TENANT SPACE SF BUILDING D D100 Cibodivino Gourmet Market 4,348 D150 Shaynah's Place 1,553 TOTAL 5,091 BUILDING E E120 Taco Deli 2,662 E150 Houndstooth Coffee 2,177 TOTAL 4,839 BUILDING F F140 Pink Pedi 700 F120 Whisk Crepes Cafe 645 F100 Ten 700 F150 Juiceland 1,342 F250 Available 2,245 F200 Available 1,643 TOTAL 7,275 BUILDING TENANT SPACE SF BUILDING G G150 Cooper s Meat Market 3,100 G100 Cox Farms Market 8,000 TOTAL 11,100 Occupied Available 9
CONTACTS ANALYST SUPPORT DEBT CONTACT AARON JOHNSON RYAN SHORE ROSS CRAWFORD DE ON COLLINS Director Managing Director Analyst Senior Director ajohnson@hfflp.com rshore@hfflp.com rcrawford@hfflp.com dcollins@hfflp.com 469.232.1987 469.232.1919 214.692.4712 469.232.1953 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF. HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.