60 ACRES OF LAND FOR SALE€¦ · from its many residents continue to enrich the community and quality of life. Dallas is also a leading business and meeting city. The Dallas area

OFFERING MEMORANDUM1400 Bolton Boone Drive - DeSoto, Texas 75115

CONTACT:

ROBERT HENRYASSOCIATEInvestments/Land Divisione [email protected]

p 972.386.1467c 501.519.4807

JIM BROWNLOWSENIOR VP/MANAGING DIRECTORe [email protected] 972.419.8696c 214.808.8239

PRESENTED BY:

HENRY S. MILLER BROKERAGE, LLC14001 DALLAS PKWY, 11TH FLOORDALLAS, TEXAS 75240

www.henrysmiller.com

60 ACRES OF LAND FOR SALE

DeSoto 60 Acres Executive Summary| 02

PROPERTY FEATURES

LOCATION1400 Bolton Boone Dr. DeSoto, TX 75212

COUNTY Dallas

SUB MARKET DeSoto/South Dallas

MLAND AREA Gross: ±60.205 Acres

UTILITIES Water & Wastewater On Site

ZONING Office (O-1)

LAND USE Office, Investment

FRONTAGE± 2,038 feet along Bolton Boone Dr.± 1,216 feet along Danieldale Rd.

SCHOOL DISTRICT Dallas ISD

PRICE $2.7 Million

1400 Bolton Boone present a unique opportunity to acquire 60 acres of developmentland in Dallas County’s southern sector. Located within 1 mile of Highway 67 andInterstate 20, this property provides quick access to the greater DFW area. Excellentproperty for single or multiuser development. All utilities on or near to site. Contactbroker for further details.

DeSoto 60 Acres Drive Time Map| 03

15 MINUTES

30 MINUTES

1 HOUR

DeSoto 60 Acres Aerial| 04

NOTICE & DISCLAIMER: The enclosed information is from sources believed to be reliable, but Henry S. Miller Brokerage, LLC has not verified the accuracy of the information. Henry S. Miller Brokerage, LLC makes no

guarantee, warranty or representation as to the information, and assumes no responsibility for any error, omission or inaccuracy. The information is subject to the possibility of errors, omissions, changes of condition,

including price or rental, or withdrawal without notice. Any projections, assumptions or estimates are for illustrative purposes only. Recipients should conduct their own investigation.

DeSoto 60 Acres Site Plan| 05


guarantee, warranty or representation as to the information, and assumes no responsibility for any error, omission or inaccuracy. The information is subject to the possibility of errors, omissions, changes of condition,

including price or rental, or withdrawal without notice. Any projections, assumptions or estimates are for illustrative purposes only. Recipients should conduct their own investigation.


guarantee, warranty or representation as to the information, and assumes no responsibility for any error, omission or inaccuracy. The information is subject to the possibility of errors, omissions, changes of condition, including

price or rental, or withdrawal without notice. Any projections, assumptions or estimates are for illustrative purposes only. Recipients should conduct their own investigation.

DeSoto 60 Acres Area Overview| 06

POPULATION: ± 49,047

DESOTO, TEXAS

Over the last several years, The City of DeSoto has made amajor effort to attract the logistics and distribution channelsof large corporation businesses. Companies such as Kohl’s,Cintas, Williams-Sonoma, and Glasfloss Industries have takenadvantage of Desoto's prime location.

Located just south of Dallas, DeSoto is one of the oldestcommunities in North Texas and a part of the Best Southwestarea, which includes Cedar Hill, Duncanville, and Lancaster.It is a progressive community with a small town feeling andrich in diversity and cultural arts.

DeSoto is regarded as an All-America City, with a medianincome for families at $75,000 and access to a highlyregarded DeSoto Independent School District. The cityfeatures a vast park and open space system highlighted bya popular Roy Orr Trail, and offers convenience to threeinterstates as well as DFW and Dallas Love Field Airport.




DeSoto 60 Acres Area Overview| 07

POPULATION: ±1,223,229

ANNUAL VISITORS: 29.97 million domestic visitors

#1 on the list of places where people are moving to…

The ninth-largest city and part of the fourth-largest metropolitan area inthe nation, Dallas covers approximately 343 square miles and has apopulation of ±1,223,229. The ultra modern and sophisticated cityattracts worldwide travelers, making the area the No. 1 visitor andleisure destination in Texas.

Dallas is centrally located and within a four-hour flight from most NorthAmerican destinations. DFW International Airport is the world’s thirdbusiest airport, offering nearly 1,800 flights per day and providing non-stop service to 134 domestic and 37 international destinationsworldwide. In addition, Dallas Love Field Airport is conveniently located10 minutes from downtown. Once here, visitors can ride one of thefastest-growing light rail systems in the nation or the historic, freeMcKinney Avenue Trolley from the Dallas Arts District throughout theUptown area with its restaurants, pubs, boutique hotels and shops.

Throughout the city, a visitor will enjoy the best shopping in thesouthwest, four-and five-diamond/star hotels and restaurants, thelargest urban arts district in the nation, 13 entertainment districts andmuch more. Blend in moderate weather, year-round sports and trueSouthern hospitality for a true “taste” of the Dallas difference. Visitorsare exposed to a city that models its slogan, “Live large. Think big.™” Itspioneering spirit is alive and well, and the philanthropic contributionsfrom its many residents continue to enrich the community and qualityof life.

Dallas is also a leading business and meeting city. The Dallas area ishome to 18 Fortune 500 companies including Exxon Mobil, JC Penney,AT&T, Texas Instruments, and others. The Dallas area is also home toseven of the world's most admired companies. Dallas/Fort Worth isranked fifth among metropolitan areas for Fortune 500 companies.

DALLAS, TEXAS




DeSoto 60 Acres Demographics | 08

POPULATION 1 MILE 3 MILES 5 MILES

2018 Population 8,220 86,369 229,771

2010 Census Population 7,341 80,899 214,790

2018 African American 64.6% 57.2% 57.1%

2018 American Indian 0.4% 0.5% 0.5%

2018 Asian 2.1% 1.7% 2.3%

2018 Hispanic 20.2% 25.5% 25.5%

2018 White 20.8% 27.0% 26.7%

2018 Other Race 12.1% 13.6% 13.5%

2018-2023 Projected Growth 1.3% 1.1% 1.0%

HOUSEHOLDS 1 MILE 3 MILES 5 MILES

2018 Households 3,597 33,239 83,487

2010 Census Households 3,099 30,288 76,081

2018-2023 Projected Growth 0.9% 1.0% 1.0%

2018 Owner Occupied Housing 28.0% 46.1% 56.5%

2018 Renter Occupied Housing 70.0% 51.1% 40.9%

1 MILE 3 MILES 5 MILES

2018 Est. Total Businesses 628 3,201 6,308

2018 Est. Total Employees 10,873 38,058 76,646

2018 HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES

Under $15,000 20.3% 14.5% 12.5%

$15,000 to $24,999 12.2% 11.3% 9.2%

$25,000 to $34,999 11.3% 11.8% 10.5%

$35,000 to $49,999 19.2% 16.5% 15.7%

$50,000 to $74,999 18.6% 18.3% 18.9%

$75,000 to $99,999 7.9% 11.5% 13.4%

$100,000 to $149,999 6.2% 10.0% 12.3%

$150,000 to $199,999 2.5% 3.9% 4.5%

$200,000 or More 2.0% 2.4% 2.9%

Average HH Income $50,197 $63,974 $71,996

Median HH Income $38,132 $50,654 $56,147

Plaza Point Shopping Center IABS| 09

NORTH TEXAS COMMERCIAL ASSOCIATION OF REALTORS ®

Before working with a real estate broker, you should know that the duties of a

broker depend on whom the broker represents. If you are a prospective seller or

landlord (owner) or a prospective buyer or tenant (buyer), you should know that

the broker who lists the property for sale or lease is the owner’s agent. A broker

who acts as a subagent represents the owner in cooperation with the listing

broker. A broker who acts as a buyer’s agent represents the buyer. A broker may

act as an intermediary between the parties if the parties consent in writing. A

broker can assist you in locating a property, preparing a contract or lease, or

obtaining financing without representing you. A broker is obligated by law to

treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner’s agent by entering into an agreement with the

owner, usually through a written - listing agreement, or by agreeing to act as a

subagent by accepting an offer of sub agency from the listing broker. A

subagent may work in a different real estate office. A listing broker or subagent

can assist the buyer but does not represent the buyer and must place the

interests of the owner first. The buyer should not tell the owner’s agent anything

the buyer would not want the owner to know because an owner’s agent must

disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into an agreement to

represent the buyer, usually through a written buyer representation agreement. A

buyer’s agent can assist the owner but does not represent the owner and must

place the interests of the buyer first. The owner should not tell a buyer’s agent

anything the owner would not want the buyer to know because a buyer’s agent

must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the parties if the broker complies

with The Texas Real Estate License Act. The broker must obtain the written consent

of each party to the transaction to act as an intermediary. The written consent

must state who will pay the broker and, in conspicuous bold or underlined print,

set forth the broker’s obligations as an intermediary. The broker is required to treat

each party honestly and fairly and to comply with The Texas Real Estate License

Act. A broker who acts as an intermediary in a transaction:

(1) shall treat all parties honestly;

(2) may not disclose that the owner will accept a price less that the asking

price unless authorized in writing to do so by the owner;

(3) may not disclose that the buyer will pay a price greater than the price

submitted in a written offer unless authorized in writing to do so by the buyer;

and

(4) may not disclose any confidential information or any information that a

party specifically instructs the broker in writing not to disclose unless

authorized in writing to disclose the information or required to do so by The

Texas Real Estate License Act or a court order or if the information materially

relates to the condition of the property.

With the parties’ consent, a broker acting as an intermediary between the parties

may appoint a person who is licensed under The Texas Real Estate License Act

and associated with the broker to communicate with and carry out instructions of

one party and another person who is licensed under that Act and associated with

the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you, you should enter into a written

agreement with the broker that clearly establishes the broker’s obligations and

your obligations. The agreement should state how and by whom the broker will

be paid. You have the right to choose the type of representation, if any, you wish

to receive. Your payment of a fee to a broker does not necessarily establish that

the broker represents you. If you have any questions regarding the duties and

responsibilities of the broker, you should resolve those questions before

proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov)

TREC No. OP-K • TAR 25019

Documents

60 ACRES OF LAND FOR SALE€¦ · from its many residents continue to enrich the community and quality of life. Dallas is also a leading business and meeting city. The Dallas area