Southlake Villas Land Sale Package Visit our website at www.castledevgroup.com 1
CONFIDENTIALITY AGREEMENT The information contained in the following sales package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Castle Development Group Inc. and it should not be made available to any other person or entity without the written consent of Castle Development Group Inc. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the sales package. If you have no interest in the subject property at this time, please return this sales package to Castle Development Group Inc. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Castle Development Group Inc. has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. Visit our website at www.castledevgroup.com 2
TABLE OF CONTENTS PROPERTY DEVELOPMENT SUMMARY DEVELOPMENT SUMMARY... 4-5 PROPERTY DESCRIPTION AERIAL... 6 BIRD S EYE VIEW... 7 3D AERIAL... 8 AERIAL MAP... 9 PLAT... 10 SURVEY... 11 CITY APPROVED SITE PLAN... 12 ADDITIONAL CONCEPT SITE PLAN... 13 MARKET OVERVIEW DEMOGRAPHICS SUMMARY REPORT... 14 DEMOGRAPHICS... 15-19 DEMOGRAPHICS MARKET COMPARISON... 20-21 DEMOGRAPHICS TREND REPORT... 22-23 TRAFFIC COUNT REPORT... 24 Visit our website at www.castledevgroup.com 3
Development Summary Southlake Villas Land 310 FM 1709 (Southlake Blvd.) Southlake, TX 76092 PROPOSED DEVELOPMENT HIGHLIGHTS Medical/Office/Retail Proposed Development 2.88+ acres of developable land, part of a planned professional office development for sale Space available for lease and sale in the Tuscan Towers Phase 1 development LAND DEVELOPMENT SUMMARY Great Visibility Frontage on Hwy 1709 (Southlake Blvd) which is a busy East/West thoroughfare in the Southlake/Keller market and has over 47,000+CPD Lot Size (Approx.) Gross Area Square Footage 2.88 Acres 125,453 SF Great Accessibility with access off Hwy 1709, close to Hwy 114 and 5 minutes from DFW airport Divisible Price Pad Sites Available Negotiable Strategically located close to Southlake Town Square - over 95 stores, 27 eateries, three parks, medical offices, Harkins Theater, and Hilton luxury boutique hotel Zoning Frontage SP1 Site Plan Zoning District Hwy 1709, Southlake Blvd. Positioned to draw from the fast growing cities of Southlake, Grapevine, Westlake, Keller and more Strong demographics Median Household incomes exceeding $162,000 Visit our website at www.castledevgroup.com 4
Development Summary Property Description: The subject property is 2.88+/- acres located on the Hwy 1709 (Southlake Blvd) just West of the intersection of Byron Nelson Pkwy and Southlake Blvd. Southlake Blvd is a significant East/West thoroughfare in the Southlake/Grapevine/Keller corridor with traffic counts exceeding 47,000+ cars per day. The site has tremendous frontage and visibility on Hwy 1709 (Southlake Blvd) with approximately 351 feet. In addition the land is proportional in shape with approximately 360 feet in depth which allows for multiple site plan options. Zoning: The property is zoned SP1 Site Plan District which allows for various office commercial uses. Utilities: Utilities are located along the property including a 6 inch sanitary sewer line located along North side of Southlake Blvd and a 12 inch water line located along the North side of Southlake Blvd. The site generally slopes to the southwest. Most runoff is toward Southlake Blvd. to the existing storm drain facilities within the street right of way. On-site storm water detention should be anticipated. Civil Engineering: The property is currently platted as 1 lot as part of the W.W. Hall NO. 687 Addition. The subject property has been through the site plan approval process with the City of Southlake. Preliminary construction documents have been completed. This site plan package can be utilized to shorten the city approval process, however final construction docs need to be prepared and submitted for construction permits. Complete site/civil plans will be required for new plans, and a site plan package will also be required. The Site Plan process requires approval from DRC, P&Z, & City Council. Road Infrastructure and Improvements: Southlake Blvd.(47,000+ CPD) is a 6 land divided thoroughfare with landscaped medians. Area Highlights: The subject property is strategically located in the heard of Southlake, TX and surrounded by residential, retail and medical developments. The city of Southlake is supported by strong demographics with the median household value over $450,000, average household income is over $140,000, and over 60% of the residents have a bachelors degree or higher. In addition this property is close to the cities of Keller, Westlake, Grapevine and Colleyville (all with great demographics). Southlake Town Square with over 95 stores, 27 eateries, three parks, medical offices, Harkins Theater, and Hilton luxury boutique hotel is located ½ mile to the East on Southlake Blvd. Visit our website at www.castledevgroup.com 5
Aerial Subject Property Visit our website at www.castledevgroup.com 6
Bird s Eye View Visit our website at www.castledevgroup.com 7
3D Aerial Visit our website at www.castledevgroup.com 8
Aerial Map Visit our website at www.castledevgroup.com 9
Plat Visit our website at www.castledevgroup.com 10
Survey Visit our website at www.castledevgroup.com 11
City approved Site Plan Visit our website at www.castledevgroup.com 12
Additional Concept Site Plan Visit our website at www.castledevgroup.com 13
Demographics - Summary Visit our website at www.castledevgroup.com 14
Demographics Visit our website at www.castledevgroup.com 15
Demographics Visit our website at www.castledevgroup.com 16
Demographics Visit our website at www.castledevgroup.com 17
Demographics Visit our website at www.castledevgroup.com 18
Demographics Visit our website at www.castledevgroup.com 19
Demographic Market Comparison Visit our website at www.castledevgroup.com 20
Demographic Market Comparison Visit our website at www.castledevgroup.com 21
Demographic Trend Report Visit our website at www.castledevgroup.com 22
Demographic Trend Report Visit our website at www.castledevgroup.com 23
Traffic Count Report Visit our website at www.castledevgroup.com 24